Industrivärden issues options to SSABs executive management

Industrivärden issues options to SSAB's executive management Industrivärden has offered SSAB's management team the opportunity to purchase call options, at market terms, in 2003. The purpose of the offer is to encourage the management's participation in and commitment to the company. A total of 25,766 call options have been purchased, of which 10,055 by CEO Anders Ullberg and a combined total of 15,711 by the other four members of the management team. Each option entitles the holder to purchase one share of SSAB's Class A stock at an exercise price of SEK 170 during the period May 28, 2003 - May 31, 2008. Handelsbanken Capital Markets has determined a market price for the options, which has been set at SEK 11.30 per option. Stockholm, Sweden, May 20, 2003 AB INDUSTRIVÄRDEN (publ) For further information, please contact: Industrivärden's Executive Vice President and CFO, Carl-Olof By, phone +46-8-666 64 00 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/05/20/20030520BIT00180/wkr0001.doc http://www.waymaker.net/bitonline/2003/05/20/20030520BIT00180/wkr0002.pdf