Industrivärden's Annual General Meeting was held on May 6, 2014, at the Grand
Hotel in Stockholm, whereby the following resolutions were made, among other
things.

· The Annual General Meeting set the dividend at SEK 5.50 per share
(5.00). The record date for payment of the dividend was set at May 9. Dividends
are expected to be paid out via Euroclear Sweden AB on May 14.

· Pär Boman, Christian Caspar, Boel Flodgren, Stuart Graham, Fredrik
Lundberg, Sverker Martin-Löf and Anders Nyrén were re-elected as directors on
Industrivärden's board. Annika Lundius and Nina Linander were elected as new
board members. Annika Lundius, LLM (born 1951). Annika Lundius is an Executive
Vice President of the Confederation of Swedish Enterprise and a former Legal
Director and Director-General in the Swedish Ministry of Finance, and former
CEO of the Swedish Insurance Federation and the Swedish Insurance Industry
Employers Association (FAO). She is currently a director on the boards of SSAB
and AMF Pension. Nina Linander, M.Sc. Econ., MBA (born 1959). Nina Linander
founded and until 2012 was a partner in the recruitment consulting firm Stanton
Chase International. Prior to this, she served in various executive positions
for Vattenfall and Electrolux. Nina Linander is a director on the boards of
TeliaSonera, Skanska, Awapatent, Specialfastigheter Sverige and Castellum.
Sverker Martin-Löf was re-elected as Chairman of the Board.

· The Annual General Meeting decided to elect PricewaterhouseCoopers AB
to be accounting firm.

· The Annual General Meeting voted in favour of the Board's proposal to
introduce a long-term share savings program for a combined maximum of 30
employees of the Industrivärden Group. The program covers a maximum of 150,000
Industrivärden Class C shares. The share savings program is a form of long-term
variable salary and corresponds in its construction to the programs approved by
the 2012 and 2013 Annual General Meetings. The program is part of an overall,
market-based compensation package in which the employees receive matching
shares after three years provided that they have invested a certain portion of
their fixed salary in Industrivärden shares and are still employed at the time
of the matching. The program aims to encourage equity ownership among
Industrivärden's employees and thereby emphasizes long-term shareholder value.

· Proposals by the shareholder Thorwald Arvidsson was rejected by the
Annual General Meeting.

Information about the Annual General Meeting is available from the Company and
on Industrivärden's website: www.industrivarden.net under Corporate
Governance/Annual General Meeting.

Stockholm, Sweden, May 6, 2014

AB INDUSTRIVÄRDEN (publ)

For further information, please contact:

Sverker Sivall, Head of Corporate Communication, Industrivärden, tel. +46-8-666
64 00


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