DISCLOSURE NOTICE regarding SKANSKA

Industrivärden has called for the conversion of 2,302,756 Class A shares in Skanska to a corresponding number of Class B shares. The conversion re-duces Industrivärden’s share of votes in Skanska from 29.3% to 26.9%. Following the completed conversion, Industrivärden’s holding in Skanska is shown in the table below: Holding Number Capital (%) Votes (%) Skanska A: 15,000,000 3.6 24.1 Skanska B: 17,299,756 4.1 2.8 Skanska A and B: 32,299,756 7.7 26.9 Stockholm, Sweden, June 16, 2005 AB INDUSTRIVÄRDEN (publ) For further information, please contact: Carl-Olof By, Executive Vice President and CFO, tel. +46-8-666 64 00