Net asset value as per November 30, 2009

Industrivärden's net asset value per share was SEK 108 as per November 30, 2009. The closing price on November 30, 2009, was SEK 86.50 for Industrivärden Class A shares and SEK 80.00 for the Class C shares. Stockholm, December 1, 2009 AB INDUSTRIVÄRDEN (publ) For further information, please contact: Carl-Olof By, Executive Vice President, tel. +46-8-666 64 00