Industrivärden has exchanged 2,432,000 Class A shares in Skanska for 10% more

Class B shares (2,675,200 Class B shares) in Skanska.

The stock transaction enables Industrivärden to increase its share of capital

in Skanska within the framework of the takeover rules (30% of the votes in the

company).

Prior to this stock transaction, Industrivärden's holding in Skanska amounted

to 15,091,940 Class A shares and 17,319,193 Class B shares, corresponding to

27.9% of the votes and 7.7% percent of the capital stock in Skanska. Following

the stock transaction, Industrivärden's holding amounts to 12,659,940 Class A

shares and 19,994,393 Class B shares, corresponding to 24.3% of the votes and

7.7% of the capital stock in Skanska.

The stock transaction has been made with L E Lundbergföretagen which, in

accordance with the rules and regulations of NASDAQ OMX Stockholm, is a related

party to Industrivärden.

Stockholm, Sweden, May 23, 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 8:00 a.m. on May 23, 2011.