Industrivärden

Board/Management Information • Dec 14, 2010

The information provided herein is such that AB Industrivärden (publ) is obligated to disclose pursuant to the Securities Market Act (SFS 2007:528) and/or the Financial Instruments Trading Act (SFS 1991:980). Submitted for publication at 08:35 a.m. on December 14, 2010.

PRESS RELEASE

Olof Faxander to leave Board at 2011 AGM

Industrivärden board member Olof Faxander has informed the Company's Nominating Committee that he will not be at the Nominating Committee's disposal in the nomination process ahead of the 2011 Annual General Meeting. Faxander will thus be leaving Industrivärden's board at the Annual General Meeting on May 5, 2011. The reason for his departure is a changed work situation in connection with Olof Faxander will take office as new CEO of Sandvik on February 1, 2011.

Stockholm, December 14, 2010

The Nominating Committee AB INDUSTRIVÄRDEN (publ)

For further information, please contact: Håkan Sandberg, Nominating Committee Chair, tel. +46-8-701 10 00