Industrivärden to play a part in Skanska’s long-term share incentive program

Industrivärden plans to subscribe for shares in a directed new issue by Skanska and thereafter to re-sell the subscribed shares to Skanska and thereby contribute to the implementation of Skanska’s share incentive program for senior executives. This involvement is a natural part of Industrivärden’s work as an active owner in supporting its portfolio companies in strategic matters.

To ensure the delivery of Class B shares to employees within the framework of Skanska’s long-term share incentive program, Skanska’s board today decided, with the support of a mandate issued by Skanska’s Annual Shareholders’ Meeting on April 7, 2005, to increase Skanska’s share capital by SEK 13,500,000 through a new issue of 4,500,000 Class D shares at a subscription price corresponding to a par value of SEK 3 per share. The shares will be subscribed by AB Industrivärdens wholly-owned subsidiary Nordinvest AB by January 10, 2006, at the latest. Further, Skanska’s board has decided to direct a repurchase offer to all owners of Class D shares, covering all 4,500,000 Class D shares. The purchase will be made by January 24, 2006, at the latest, at a price of SEK 3.002 per share, or a total of SEK 13,509,000. The purpose of the repurchase is to convert Class D shares to Class B shares, as needed, for delivery in accordance with the share incentive program. Industrivärden today owns 15,000,000 Class A shares and 17,300,000 Class B shares in Skanska, corresponding to 7.7% of the share capital and 26.9% of the votes. Through the new issue, Industrivärden’s ownership will increase to 8.7% of the capital, while its share of the votes will be unchanged. Assuming all else unchanged, once Skanska has repurchased all newly issued shares, Industrivärden’s ownership will amount to 7.6% of the capital and 26.9% of the votes. Stockholm, December 8, 2005 AB INDUSTRIVÄRDEN (publ) For further information, please contact: Carl-Olof By, Executive Vice President and Chief Financial Officer, Industrivärden, tel. +46-8-666 64 00.