Interim Report January-March 2008

Important events during the quarter
An agreement was signed with Volkswagen to divest Investor’s entire holding in Scania for a total value of SEK 17.6 bn.
Cash proceeds totaling SEK 3.4 bn. were received after Borse Dubai declared its bid for OMX unconditional.
Ownership positions were strengthened in SEB, Husqvarna, Electrolux and Atlas Copco through investments totaling SEK 875 m.
Investor’s net asset value decreased by 6 percent during the quarter, compared with a decline of 11 percent for the total return index of the Stockholm Stock Exchange.
Financial strength was maintained and leverage was 1 percent on March 31.
After the close of the first quarter, the dividend of SEK 4.75 per share (4.50), a total of SEK 3,637 m. (3,449), was paid to shareholders.

Financial information
The net asset value amounted to SEK 146,003 m. (SEK 191 per share) on March 31, 2008, compared with SEK 155,204 m. (SEK 203 per share) at year-end 2007.
The consolidated net result for the first quarter, including change in value, was SEK -8,929 m. (SEK -11.66 per share), compared with SEK 7,345 m. (SEK 9.58 per share) for the same period of 2007.
Core Investments had an impact of SEK -7,084 m. on income in the first quarter (4,039). Scania had the greatest positive impact with SEK 2,993 m. and ABB had the largest negative effect with SEK -4,324 m.
Operating Investments contributed SEK 89 m. to income in the first quarter (-381).
Private Equity Investments had an effect of SEK -1,706 m. on income during the quarter (3,591).
The total return on Investor shares was -9 percent in the first quarter (2). The annual total return has averaged 14 percent over the past 20-year period.

For further information:

Fredrik Lindgren, Vice President, Corporate Communications
Phone +46 8 614 20 31, +46 735 24 2031

Oscar Stege Unger, Vice President, Investor Relations,
Phone +46 8 614 20 59, +46 70 624 2059