Net asset value as per May 31, 2006

On May 31, 2006 Industrivärden’s net asset value was SEK 258 per share. The share price was SEK 212.50 for the Class A share and SEK 201.00 for the Class C share. Stockholm, June 1, 2006 AB INDUSTRIVÄRDEN (publ) AB Industrivärden (publ) Box 5403, SE-114 84 Stockholm, Sweden Phone +46-8-666 64 00, Fax +46-8-661 46 28 Internet: www.industrivarden.net E-mail: info@industrivarden.se