According to Industrivärden's articles of association, owners of Class A shares

have the right to have such shares converted to Class C shares.

When such a conversion has occurred, the company is obligated by law to

disclose any such changes in this manner.

In September, at the request of shareholders, 3,200 Class A shares were

converted to Class C shares.

The total number of votes in the company thereafter amounts to 280,316,906.The

total number of registered shares in the company amounts to 386,271,224, of

which 268,544,204 are Class A shares and 117,727,020 are Class C shares.

Stockholm, Sweden, September 30, 2011

AB INDUSTRIVÄRDEN (publ)

For further information, please contact:

Sverker Sivall, Communications Manager, Industrivärden, tel. +46-8-666 64 00

The information provided herein is such that AB Industrivärden (publ) is

obligated to disclose pursuant to the Securities Market Act (SFS 2007:528)

and/or the Financial Instruments Trading Act (SFS 1991:980). Submitted for

publication at 2:00 p.m. on September 30, 2011.

Omvandling_sept11_110930_eng.pdf