Industrivärden

Net Asset Value • Nov 1, 2011

Submitted for publication on November 1, 2011, at 10:15 a.m.

Net asset value as per October 31, 2011

On October 31, 2011, net asset value was SEK 107 per share, corresponding to SEK 109 per share after full conversion of outstanding convertible loans of SEK 8,600 M and 74 million additional Class C shares.

The closing price on August 31, 2011, was SEK 85.90 for the Class A shares and SEK 81.65 for the Class C shares.

Stockholm, November 1, 2011 AB INDUSTRIVÄRDEN (publ)

For further information, please contact: Sverker Sivall, Head of Corporate Communication, tel. +46-8-666 64 00.

Long-term industrial developer of listed Nordic companies

Industrivärden is one of the Nordic region's leading holding companies, with ownership in a concentrated selection of listed Nordic companies with good development potential. The goal is to generate high growth in net asset value over time.