New president appointed at Isaberg Rapid

New president appointed at Isaberg Rapid Ingemar Broström, B.Sc. Eng., (b. 1952) has been named president of Isaberg Rapid. He will take office during the first quarter 2005. Broström is currently president of Dormer Tools, with activities in the Nordic and Baltic countries, a position he has held since 1999. Dormer Tools manufactures high speed steel cutting tools for the metalworking industry and is part of the Sandvik Group. Broström has prior experience as president of Dormer Tools' businesses in the Netherlands and Asia/Middle East. He has also worked as sales manager for companies within Volvo and SKF, among other companies. "We are very happy to have Ingemar Broström on board at Isaberg Rapid," comments Bengt Kjell, Chairman of Isaberg Rapid. "With his extensive expertise in marketing as well as logistics and production, Ingemar has an exceptionally broad base of knowledge. Moreover, he has solid experience in initiating and running change processes. These skills combined make him the right person to meet the challenges facing Isaberg Rapid." Stockholm, November 11, 2004 AB INDUSTRIVÄRDEN (publ.) For further information, please contact: Bengt Kjell, Executive Vice President, Industrivärden, and Chairman of Isaberg Rapid, tel. +46-8-666 64 00 Isaberg Rapid is a wholly owned subsidiary of Industrivärden and Europe's leading company in stapling for the office and tool markets. Its products are sold in more than 100 countries, with Europe and North America making up the most important markets. Isaberg's earnings after financial items totaled approximately SEK 50 M in 2003, on sales of approximately SEK 880 M. For further information on Isaberg Rapid, visit www.isaberg-rapid.com. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/11/11/20041111BIT21350/wkr0001.pdf