DISCLOSURE NOTICE

Industrivärden today purchased 500,000 Class B shares in Höganäs, corresponding to 1.1 percent of the company's votes and 1.4 percent of its capital stock. Following this purchase the Industrivärden group's total holding amounts to 2,217,443 Class B shares, corresponding to 5.1 percent of the votes and 6.3 percent of the capital stock. Stockholm, Sweden, August 16, 2005 AB INDUSTRIVÄRDEN (publ) For further information, please contact: Anders Nyrén, President and CEO, Industrivärden, tel. +46-8-666 64 00