Investor AB

M&A Activity • Sep 26, 2007

Press Release

Stockholm, September 26, 2007

Investor accepts Borse Dubai's improved offer for OMX

Borse Dubai today announced revisions to its previously announced offer for OMX, including raising the bid level to SEK 265 per share and lowering the acceptance level to 50 percent plus one share. In connection with the revised bid, Investor has agreed to accept the offer.

A price of SEK 265 per share corresponds to a market value of OMX of SEK 32 billion. During the 12-month period ending June 30, 2007, OMX generated a net income of SEK 1.0 billion, implying a valuation multiple significantly higher than the industry average.

Investor owns 12,950,507 shares in OMX representing 10.7 percent of the votes and capital in the company. Upon completion the divestment will generate cash proceeds of SEK 3.4 billion.

Investor's agreement with Borse Dubai will lapse in certain circumstances, including if:

• A competing offer, which is not matched by Borse Dubai, is made with a value of at least SEK 303 per share in OMX prior to the offer of Borse Dubai being declared unconditional, or
• The offer of Borse Dubai is not declared unconditional on or before April 1, 2008, or
• Any material condition of the offer is waived or changed in other respects without Investor's approval.

"This is a very attractive deal for Investor's shareholders as we achieve a good valuation on our investment in OMX while at the same time lowering the completion risk. It also forms the basis for a sound industrial solution where OMX, together with Nasdaq and Borse Dubai, can form a leading global exchange platform," commented Investor's CEO Börje Ekholm in a statement.

For further information:

Fredrik Lindgren, Vice President, Head of Corporate Communications Phone +46 8 614 20 31, +46 735 24 2031

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Investor is the largest industrial holding company in the Nordic region. For almost a century, our business concept has been to generate attractive long-term returns by investing in companies with solid potential for value creation and applying our experience, knowledge and network to make them best-in-class. Investor is a leading shareholder in a number of multinational companies, including SEB, ABB and Ericsson. Investor also conducts private equity activities in the United States, Northern Europe and Asia.