Interim Report, January 1 - June 30, 1998

Interim Report, January 1 - June 30, 1998 Industrivärden's Total Return Better than Index The increase in value of the portfolio of listed stocks was 25 percent during the first half of the year (General Index: 25 percent). Through August 14 the value of the portfolio had risen by 14 percent, compared with 16 percent for the General Index. Net asset value was SEK 190 per share and CPN 1) on June 30, 1998, and SEK 172 per share and CPN on August 14. Industrivärden's stock generated a total return of 31 percent for the first half of the year, compared with 28 percent for the Findata Total Return Index. Through August 14 the total return was 23 percent (18 percent for the Total Return Index). Consolidated earnings after financial items totaled SEK 1,056 M (826). Of this amount, capital gains on sales of listed stocks accounted for SEK 229 M (271), dividends from listed stocks for SEK 789 M (426), and other items for SEK 38 M (129). 1) All values per share and CPN are calculated after the split this year, whereby four new shares and CPNs were received for each old share or CPN, respectively. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1998/08/17/19981111BIT00340/bit0001.pdf