Interim Report January-June 2010

Highlights during the second quarter

• Add-on investments were made in Atlas Copco and Husqvarna. The previously announced acquisition of 10 percent of the capital in Saab AB from BAE Systems for SEK 1.1 bn., was completed.
• Our holdings in Operating Investments maintained their solid momentum. The development was particularly strong in Mölnlycke Health Care, 3 Scandinavia and Lindorff.
• Dividend of SEK 3.0 bn. was distributed to shareholders during the quarter.
• After the end of the quarter, Investor acquired healthcare and care service provider Aleris from EQT for an enterprise value of SEK 4.4 bn. Investor’s net investment is SEK 1.7 bn. The transaction is not closed, thus Aleris is not yet included in Operating Investments.

Financial information

• Net asset value amounted to SEK 147,924 m. (SEK 195 per share) on June 30, 2010, compared to SEK 142,673 m. (SEK 187 per share) at year-end 2009, corresponding to a change, with dividend added back, of 6 percent for the first half of 2010 (12).
• Consolidated net profit for the first half of the year, including unrealized change in value, was SEK 8,310 m. (SEK 10.91 per share), compared to SEK 13,830 m. (SEK 18.13 per share) for the same period 2009.
• Core Investments contributed SEK 7,507 m. to growth in net asset value in the period (15,196). Ericsson had the largest positive impact, SEK 3,627 m., while SEB had the largest negative impact, SEK -696 m.
• Operating Investments contributed SEK 685 m. to net asset value for the first half year (-825).
• Private Equity Investments contributed SEK 833 m. to net asset value in the first half of the year (-709).
• Leverage (net debt/total assets) was 4 percent as of June 30, 2010 (0).
• The total return on the Investor share was -2 percent in the first half of the year (6). The total annual return averaged 7 percent over the past 5-year period.

For further information:

Oscar Stege Unger, Head of Corporate Communications, Phone +46 8 614 2059, +46 70 624 2059
Magnus Dalhammar, Investor Relations Manager, Phone +46 8 614 2130, +46 73 524 2130

Our press releases can be accessed at www.investorab.com on the Internet. Investor AB is a Nordic-based industrial holding company founded almost one hundred years ago by the Wallenberg family. Today we have investment activities in Europe, the United States and Asia. The business concept is to generate attractive long-term returns for our shareholders by owning and developing companies with solid potential for value creation. We are an engaged owner and apply experience, knowledge and a unique network to develop listed and unlisted companies to make them best-in-class.

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