Change in senior management

Industrivärden’s executive vice president, Bengt Kjell, who is responsible for the company’s investment operations, will be on leave for a period to become chief executive of Handelsbanken’s management company, AB Handel och Industri. During this period, executive vice president Carl-Olof By will take over Mr. Kjell’s regular duties. Bengt Kjell will retain his board commitments with Industrivärden. Stockholm, August 20, 2009 AB INDUSTRIVÄRDEN (publ)