Preliminary Year-End Report Jan 1-Dec 31, 1998

Preliminary Year-End Report for 1998 The Board of Directors proposes that the dividend be raised by 20 percent to SEK 4.50. Average dividend growth during the past five-year period is thus 15 percent per year. The increase in value for the portfolio of listed stocks was 5 percent in 1998 (General Index: 10 percent). 1 Net asset value at year-end was SEK 160 per share and CPN , an increase of 7 percent for the year. Net asset value per share and CPN at February 8, 1999, was SEK 166. The shareholding in PLM was sold for SEK 1.2 billion, generating a capital gain of SEK 712 M. Industrivärden acquired shares in Skanska for SEK 1.2 billion. Following the sale of all shares in Drott, the increase in Industrivärden's net involvement was slightly more than SEK 800 M. 1 All values per share and CPN are calculated after the 1998 split, 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/1999/02/10/19990210BIT00040/bit0001.pdf