Stock market introduction of Indutrade

Industrivärden’s board today decided to introduce the wholly owned subsidiary Indutrade AB on the stock market during the second half of 2005. Industrivärden intends to remain as a long-term owner of Indutrade with an approximate 35% stake in the company, ensuring Industrivärden’s shareholders a continued interest in Indutrade’s development. Indutrade conducts trade in imported industrial components for customers with a recurring need. The products are offered together with qualified technical system solutions. Suppliers consist of international companies with branded products and major development resources as well as small manufacturers of niche products. As a rule, the Indutrade companies have exclusive agency agreements for their respective geographic markets. Customers consist primarily of industrial companies in northern Europe and Benelux. Indutrade reported earnings after net financial items of SEK 220 M in 2004, on sales of approximately SEK 3.5 billion. The company has approximately 1,400 employees. Indutrade’s CEO is Johnny Alvarsson. “The decision to introduce Indutrade is in line with our strategy of working as active owners in a transparent portfolio of listed Nordic companies,” comments Anders Nyrén, President and CEO of Industrivärden. “Indutrade has experienced favorable development for many years. By listing the company, new opportunities will be opened at the same time that Industrivärden can continue to serve as an active owner in a company with good future potential.” Stockholm, 20 April 2005 AB INDUSTRIVÄRDEN (publ) For further information, please contact: Anders Nyrén, President and CEO, Industrivärden, tel. +46-8-666 64 00