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 October, at the request of shareholders, 3,580 Class A shares were converted
to Class C shares.

The total number of votes in the company thereafter amounts to 280,313,684.The
total number of registered shares in the company amounts to 386,271,224, of
which 268,540,624 are Class A shares and 117,730,600 are Class C shares.

Stockholm, Sweden, October 31, 2011

AB INDUSTRIVÄRDEN (publ)

For further information, please contact:

Sverker Sivall, Head of Corporate Communication, 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 9:00 a.m. on October 31, 2011.