February 5: Year-end report 2015

April 5: Interim report January-March

May 9: 2016 Annual General Meeting

July 6: Interim report January-June

October 6: Interim report January-September

Stockholm, August 19, 2015

AB INDUSTRIVÄRDEN (publ)

For further information, please contact:

Sverker Sivall, Head of Corporate Communications, tel. +46-8-666 64 00
Rapportering_150819_eng.pdf
Helena Stjernholm, M. Sc. Econ., has been named as the new President and CEO of Industrivärden. Stjernholm (b. 1970) is currently a partner in the private equity firm IK Investment Partners with responsibility for its Stockholm office. She is also a member of IK's Executive Committee. Stjernholm has served in various positions with IK (former Industri Kapital) since 1998, and prior to that worked as a consultant for Bain & Company. She has many years and a broad base of experience in asset management and board work. She currently serves as a director on the boards of a number of companies and is a board member of Industrifonden. Helena Stjernholm will take office as President and CEO on September 1, 2015.

"It is a great pleasure for us to bring in Helena Stjernholm, who has considerable knowledge and experience in asset management, active ownership, company development and company transactions. Helena is well suited for the task of leading the business and further developing Industrivärden's role as an engaged owner for long-term value creation," comments Industrivärdens Board Chairman Fredrik Lundberg.

"After seventeen years in the private equity industry I have great experience of investment activities and active ownership. In my new role, I will be working with larger and in many cases globally operating, listed companies which feels like an exciting challenge. Industrivärden is an esteemed and successful institution in the Swedish business sector and the capital market. I'm really looking forward to lead the continued development of the company.", says Helena Stjernholm.

Stockholm, August 12, 2015

AB INDUSTRIVÄRDEN (publ)

For further information, please contact:

Industrivärden's Chairman of the Board, Fredrik Lundberg, tel. +46-8-463 06 15.

Industrivärden's incoming CEO, Helena Stjernholm, tel. +46-70-378 95 24.

Industrivärden's Head of Corporate Communications, Sverker Sivall, tel. +46-8-666 64 19.
NyVD_150812_eng.pdf
On July 31, 2015, net asset value was SEK 186 per share, corresponding to SEK 184 per share after full conversion of outstanding convertible loans of SEK 4,998 M and 31 million additional Class C shares.

The closing price on July 31, 2015, was SEK 170.40 for the Class A shares and SEK 163.10 for the Class C shares.

Stockholm, August 3, 2015 AB INDUSTRIVÄRDEN (publ)

For further information, please contact: Sverker Sivall, Head of Corporate Communication, tel. +46-8-666 64 00
Substansvarde_150803_eng.pdf
6 Jul 2015 Interim Report, January 1-June 30, 2015
-- The total return for the first half of the year was 18% for the Class A shares and 19% for the Class C shares, compared with 10% for the SIXRX total return index.

-- Net asset value on June 30, 2015, was SEK 175/share, representing an increase of 14% including reinvested dividend since the start of the year. Earnings per share for the first half of the year were SEK 21.43 (11.63).

-- Fredrik Lundberg was elected at the Annual General Meeting on May 6, 2015 as new Chairman of the Board.

-- The holding in Kone was sold for SEK 1.2 billion, generating an annual total return of 15% for the holding period.

CEO's message

Moderate growth with large geographic differences

Halfway into the year, indications are strong that global GDP growth will remain moderate for the full-year 2015. The IMF projects global growth in 2015 at 3.5%, which is a marginal rise compared with 2013 and 2014. At the regional level, however, the changes are greater. Overall, growth in the developed economies is expected to strengthen, while growth in emerging markets is expected to be lower than previously. In the U.S., the recovery is continuing, with greater activity and lower unemployment. Indications are also strong for a gradual normalization of monetary policy. Europe is still struggling with major challenges, even though the weakening of the euro against the U.S. dollar and dollar-related currencies is helping export companies. The market for corporate credit is also improving, which is a precondition for increased investment and future growth. A recovery in Europe will likely require support from the European Central Bank for a longer period of time. A very topical issue is the Greek referendum and its impact on the country's possible exit from the currency union and the payment of debts. Another dark cloud is the UK's skepticism to deepened integration with the EU. Performance on the whole is better in northern Europe, while the southern European economies continue to struggle with substantial problems. Several countries have taken strong measures. One example is Spain, where GDP growth for 2015 is expected to amount to 4% and unemployment is falling steadily. China's economic slowdown has continued during the year. Support measures that have been carried out and announced point to a stabilization of China's growth during the second half of the year.

Work on change for a stronger Industrivärden

Two intensive months have now passed since I took office as acting CEO of Industrivärden. For me this has been a very positive reunion, since I previously served for more than eight years in the management of Industrivärden's investment operations. Industrivärden has an equity portfolio of very high quality, and committed and competent employees. At the same time, recent events and turbulence have shown that the company is facing several major challenges. My assignment is to begin a long-term change process aimed at strengthening Industrivärden and its ability to create shareholder value. In short, it is a matter of finding different ways to build trust in Industrivärden as a serious, perceptive and value-creating asset manager. To achieve this, we are striving to strengthen and clarify our corporate governance model, deepen our cooperation and dialog with other owners, and broaden our network. Parallel with this, work is under way to recruit a new CEO for Industrivärden, who the Board hopes to be able to present during the third quarter. The work on developing and strengthening Industrivärden is in full swing, and it will be the new CEO's task to drive this work forward.

Broadened network and new chairman at Sandvik

A central concern in our role as an influential, active owner is to participate in the nomination work ahead of the election of board members of our portfolio companies. Without a well composed board, it is hard to execute the best strategies. It is therefore gratifying that we have been able to play a role in the nomination of Johan Molin, who was elected as Chairman of the Board of Sandvik in May. We believe that Johan is highly suited to lead and develop the work of Sandvik's board. The nomination of Johan Molin is also an expression of a stated ambition to broaden Industrivärden's network of highly qualified board members.

Overall favorable performance by portfolio companies

The portfolio companies develop overall well, and several of the companies that are working with strategic review, cost-cutting programs and management changes have had good growth in value during 2015. In October Martin Lundstedt will take office as President and CEO of Volvo. Martin has had a long and successful career at Scania and has a depth of knowledge about the heavy trucks market. SSAB's integration with Rautaruukki is continuing, and the work on realizing synergies is proceeding according to set goals.

Favorable performance during first half of year

During the first half of the year net asset value, including reinvested dividends, grew by 14% to SEK 75.5 billion, or SEK 175 per share. On June 30 the value of the portfolio was SEK 87.8 billion, and Industrivärden's debt amounted to SEK 12.3 billion, corresponding to a debt-equities ratio of 14%. Industrivärden's stock generated a favorable total return of 18% for the Class A shares and 19% for the Class C shares, compared with 10% for the total return index.

Sale of holding in Kone

Industrivärden's sales of stocks during the first half of 2015 amounted to SEK 2.0 billion, net. The largest sale was the divestment of the entire holding in the Finnish company Kone, for SEK 1.2 billion. During the time Industrivärden held Kone stock, the investment generated an annual total return of 15%.

Continued positive earnings performance for trading

Industrivärden's trading operation showed continued favorable performance, with a half-year profit of SEK 131 M (130). It is gratifying that we can take advantage of our market knowledge in this way to create additional shareholder value.

Organizational changes and major one-off costs

As a result of the changes I have described above, we carried out several organizational changes within Industrivärden during the first half of the year. Several executives and certain other employees have left Industrivärden, which has given rise to large one-off costs - mainly salary costs during the notice period and for social security charges and pensions. We have also gone through all consultancy and partner contracts, resulting in the conclusion of certain undertakings. Of total management costs of SEK 171 M during the first half of the year, approximately SEK 90 M consists of one-off costs.

Following a tumultuous year in many respects, we have now entered into a more stable work phase. I am convinced that as a result of the actions we have taken and the change work that is currently under way, we are well equipped to build an even stronger Industrivärden.

Stockholm, July 6, 2015

Bengt Kjell
Delårsrapport_6M15_eng.pdf
On May 31, 2015, net asset value was SEK 190 per share, corresponding to SEK 187 per share after full conversion of outstanding convertible loans of SEK 4,897 M and 31 million additional Class C shares.

The closing price on May 31, 2015, was SEK 176.70 for the Class A shares and SEK 170.00 for the Class C shares.

Stockholm, June 1, 2015

AB INDUSTRIVÄRDEN (publ)

For further information, please contact:

Beniam Poutiainen, Investor Relations, tel. +46-8-666 64 00

Sverker Sivall, Head of Corporate Communication, tel. +46-8-666 64 00
Substansvarde_150601_eng.pdf
Today on May 21, 2015 Industrivärden decided to terminate the Executive Vice President Anders Nyberg's employment. Anders Nyberg has worked at Industrivärden since 2012 as Executive Vice President and General Counsel, with responsibility for corporate governance matters among other things. According to Nyberg's employment contract he will receive severance pay until November 2016, when he retires.

"In connection with a change of CEO it is natural to adjust operations to the new conditions that exist, both by operation and organization", says CEO Bengt Kjell in a statement.

"The new management of Industrivärden and I have different views on Industrivärden's future role. Against this background, I understand that the new management wants to develop the operations and organization in their own way, "comments Anders Nyberg.

AB Industrivärden (publ)

Stockholm, May 21, 2015

For further information, please contact:

Bengt Kjell, President and Chief Executive Officer, tel. +46-8-666 64 00
Nyberg lämnar Industrivärden_eng.pdf
Industrivärden's Annual General Meeting was held on May 6, 2015, at the Grand Hotel in Stockholm, whereby the following resolutions were made, among other things.

-- The Annual General Meeting set the dividend at SEK 6.25 per share (5.50). The record date for payment of the dividend was set at May 8. Dividends are expected to be paid out via Euroclear Sweden AB on May 13.

-- Pär Boman, Christian Caspar, Nina Linander, Fredrik Lundberg and Annika Lundius were re-elected as directors on Industrivärden's board. Sverker Martin-Löf, Boel Flodgren, Stuart Graham and Anders Nyrén have declined re-election. Bengt Kjell and Lars Pettersson were elected as new board members. Fredrik Lundberg was elected as new 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 of 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 2012-2014 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 emphasize 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, 2015

AB INDUSTRIVÄRDEN (publ)

For further information, please contact:

Sverker Sivall, Head of Corporate Communication, Industrivärden, tel. +46-8-666 64 00
Stämmokommunike15_eng.pdf
On April 30, 2015, net asset value was SEK 196 per share, corresponding to SEK 193 per share after full conversion of outstanding convertible loans of SEK 4,879 M and 31 million additional Class C shares.

The closing price on April 30, 2015, was SEK 178.90 for the Class A shares and SEK 173.80 for the Class C shares.

Stockholm, May 4, 2015

AB INDUSTRIVÄRDEN (publ)

For further information, please contact:

Anders Gustavsson, IRO, tel. +46-8-666 64 00

Sverker Sivall, Head of Corporate Communication, tel. +46-8-666 64 00
Substansvarde_150504_eng.pdf
Against the background of Anders Nyrén's notification to the Nominating Committee that he will not be available for election to Industrivärden's board of directors, the Nominating Committee has revised its recommendation for Board of Directors ahead of the 2015 Annual General Meeting.

The Nominating Committee of AB Industrivärden proposes the re-election of board members Pär Boman, Christian Caspar, Nina Linander, Fredrik Lundberg and Annika Lundius. Sverker Martin-Löf, Boel Flodgren, Stuart Graham and Anders Nyrén have declined re-election. Bengt Kjell and Lars Pettersson are proposed for new election. Fredrik Lundberg is proposed as the new Chairman of the Board.

Bengt Kjell (b. 1954), M.Sc. Econ., has been appointed as acting President and CEO of Industrivärden, effective May 6, 2015. He has been CEO of Handelsbanken's subsidiary AB Handel och Industri since 2010, an assignment he has just left. During the years 2002-2010 he served as Executive Vice President and Chief Investment Officer of Industrivärden. Bengt Kjell has many years of experience in finance matters, business development and operational restructuring. He is currently Chairman of the Board of SSAB, Hemfosa Fastigheter and Skånska Byggvaror, Vice Chairman of Indutrade, and a board member of ICA Gruppen and Pandox.

Lars Pettersson (b. 1954), M.Sc. Eng. and PhD h.c., has a career dating back many years in executive positions in the Sandvik Group and served as President and CEO of Sandvik from 2002-2011. He is Chairman of the Board of KP Komponenter A/S and a director on the boards of L E Lundbergföretagen, Indutrade, PMC Group, Husqvarna AB, Uppsala University Consistory, and LKAB.

The Nominating Committee thus proposes seven regular directors and no deputies.

In other respects, the Nominating Committee's recommendation is unchanged from the one presented in the previously published AGM notice.

Industrivärden's chairman, Sverker Martin-Löf, has made reservation against the revised recommendation.

The Nominating Committee's revised report is available on Industrivärden's website.

The Nominating Committee's members are Sverker Martin-Löf (Chairman of the Board of Industrivärden), Bo Damberg (the Jan Wallander and Tom Hedelius Foundation, and others), Mats Guldbrand (L E Lundbergföretagen), Mikael Schmidt, (SCA Pension Foundations and others), and Håkan Sandberg (Handelsbanken Pension Foundation and Handelsbanken Pension Fund, and others). The Nominating Committee has appointed Håkan Sandberg as Nominating Committee chair.

The Annual General Meeting will be held at 2 p.m. (CET) on May 6, 2015, at the Grand Hotel in Stockholm.

Stockholm, April 27, 2015

The Nominating Committee of AB Industrivärden (publ)

Contact: Håkan Sandberg, Nominating Committee chair, tel. +46-8-701 10 00
Förändrat valberedningsförslag_eng.pdf
At the board meeting that addressed the issues described in the press release issued by the Company today, board members Boel Flodgren and Stuart Graham have announced that they are resigning from the Board with immediate effect, in reference to the late and deficient information provided by the principal owners' representatives to the Board, on important matters for the Board.

Stockholm, April 27, 2015

For further information, please contact:

Sverker Martin-Löf, Chairman of the Board, tel. +46-8-666 64 00
Två ledamöter avgår_eng.pdf
The principal owners of Industrivärden, L E Lundbergföretagen and Handelsbanken, have announced that they do not find it suitable for Anders Nyrén to lead the board work of Industrivärden and have therefore withdrawn their previous recommendation to the Nominating Committee. The Nominating Committee has today presented a revised recommendation for the Board of Directors.

Against this background and in view of the fact that a new, acting President and CEO has already been recruited, the Board of Directors of Industrivärden has decided, effective May 6, 2015, to relieve Anders Nyrén from his CEO assignment and to terminate his employment with Industrivärden. The termination is being conducted in accordance with his employment contract, which entails, among other things, that Anders Nyrén will receive severance pay for two years and will be at the Company's disposal.

The Board members Boel Flodgren, Stuart Graham and Anders Nyrén did not participate in the decision.

Against the background presented above, Anders Nyrén has notified Industrivärden's nominating committee that he is not available for election to Industrivärden's board ahead of the 2015 Annual General Meeting. He also intends to notify Sandvik's nominating committee that he will not be available for election at Sandvik's Annual General Meeting on May 7, 2015.

In addition, Anders Nyrén has announced that he intends to inform the boards that he was previously appointed to during the spring, i.e., the boards of Handelsbanken, SCA, Ericsson and Volvo, about the changes described above.

AB Industrivärden (publ)

The Board of Directors

Stockholm, April 27, 2015

For further information, please contact:

Sverker Martin-Löf, Chairman of the Board, tel. +46-8-666 64 00
Nyren lämnar Industrivärden_eng.pdf
-- The total return for the first quarter was 19% for both the Class A and the Class C shares, compared with 16% for the SIXRX total return index.

-- Net asset value on March 31, 2015, was SEK 186/share, which amounts to a rise of 18% since the start of the year. Earnings per share for the first quarter were SEK 27.06 (14.36).

-- Bengt Kjell acting CEO of Industrivärden as from the AGM on May 6th, 2015. A new CEO is expected to be presented during the third quarter of 2015.

CEO's message

Strong stimulus measures for growth

Numerous macroeconomic activities and events are currently taking place which together are creating an unprecedented stimulus of the Western world's economies. This is needed, to be sure, because growth in the major economies in Europe and in Japan is still far too weak. In the U.S. growth is picking up, with falling jobless figures as a result. So far this has not led to pay raises and higher inflation. However, the point is nearing when America's central bank, the Fed, can be expected to carry out its first interest rate hike in nine years.

In Europe, extensive Quantitative Easing stimulus programs are currently in progress, which together with zero interest rates have dramatically weakened the euro. This, combined with considerably lower oil prices, has translated to a stimulus of historically unique proportions. This should lead to a needed acceleration of growth in the euro area, where growth and unemployment as well as inflation have been unsatisfactory. In Japan, Abenomics is slowly but surely lifting the economy out of decades of stagflation. With negative or virtually zero interest on treasuries, the world's bond rally is over. In such a situation, the only investment alternative remaining is equities. Against this background it is hardly surprising that the European bourses, in particular, have shown strong growth as investors seek returns for the large volumes of liquidity.

The stimulus measures that are now being carried out will gradually lead to a strengthening of the economies in emerging markets and to an increase in global trade. So far, however, we have not seen any tangible effects of these measures in our portfolio companies' order books. But, there are positive signs, such as Volvo's truck deliveries in Western Europe increased by 17% during the two opening months of the year, which indicates a slightly improved market. Focus for the portfolio companies is however still on structural and efficiency improvement measures. These programs are developing well and are creating, together with strong balance sheets and good cash flows, the scope for investments and acquisitions that is needed for future growth. One example is Ericsson's investment during the year in the telecom business of the Chinese company Sunrise Technology to expand its IT service offering in China. Strong finances are also enabling favorable dividend levels. This is especially important in times of low interest rates as support for companies' value performance.

Management changes at the portfolio companies

On March 1 Magnus Groth took office as the new CEO of SCA. Magnus was previously responsible for SCA's European consumer products business, and prior to this he served as CEO of Studsvik. Pär Boman has been proposed by SCA's nomination committee to serve as the new Chairman of the Board of SCA.

A new CEO was also appointed at Handelsbanken during the period. Frank Vang-Jensen, with a career at Handelsbanken going back many years, served most recently as head of the bank's Swedish operations. He took over as Group Chief Executive in connection with Handelsbanken's Annual General Meeting, when the former Group Chief Executive, Pär Boman, was elected as the new Chairman of the Board.

Developments in 2015

Industrivärden has performed well thus far during the year. At the close of the first quarter, net asset value amounted to SEK 81 billion, or SEK 186 per share - an increase of 18% during the period, compared with 16% for the return index. During the same period, the total return was 19% for both the Class A and the Class C shares, compared with 16% for the return index.

Trading showed a strong first quarter and generated a profit of SEK 65 million.

Management changes at Industrivärden

In connection with the Annual General Meeting in May, after fourteen eventful years I will be leaving my role as President and CEO of Industrivärden. This interim report, the 56th during my tenure, will therefore be my last. It has been an exciting journey taking Industrivärden from more of an equities manager to its current role as a proactive and engaged owner. Provided that the AGM accepts the Nominating Committee's proposal, I will be elected as Chairman of the Board of Industrivärden on May 6. I am very happy to have been given this confidence, and I look forward to participating in Industrivärden's continued development.

The ongoing recruitment of a new CEO of Industrivärden is progressing well, but will be extended somewhat in time. The Board believes that it will be able to present a new CEO during the third quarter of 2015. In the interim period, after the AGM Bengt Kjell will serve as acting CEO. He is a former Executive Vice President and Chief Investment Officer of Industrivärden and knows the company well. In addition, he has considerable experience in board work. Given his background, Bengt is well-suited for this assignment.

Annual General Meeting on May 6

On May 6 Industrivärden will hold its Annual General Meeting in the Vinterträdgården hall at Stockholm's Grand Hotel. I hope as many shareholders as possible will attend and take this opportunity to ask questions and share their views. You are warmly welcome!

Anders Nyrén
Delårsrapport_3M15_eng.pdf
AB Industrivärden (publ) will hold its Annual General Meeting at 2 p.m. on May 6, 2015, at Grand Hotel, Vinterträdgården (entrance at the corner of Stallgatan/Blasieholmsgatan), in Stockholm. Registration opens at 1 p.m., at which time a few of Industrivärden's portfolio companies will make presentations of their operations.

Right to attend and notification

Those who on April 29, 2015, are registered as shareholders in the shareholder register maintained by Euroclear Sweden AB and who have notified the Company of their intention to attend the Annual General Meeting by no later than April 29, 2015, have the right to attend the Annual General Meeting. Notification may be made by post to AB Industrivärden (publ), Box 5403, SE-114 84 Stockholm, Sweden; by phone at +46 (0)8 666 64 00; by fax at +46 (0)8 661 46 28; or by e-mail at agm@industrivarden.se. Notification by e-mail requires confirmation from the Company by e-mail (within 24 hours on weekdays) that notification has been received. Notification may also be made using the form on Industrivärden's website: www.industrivarden.net. Upon notification, shareholders must provide their name, personal identity number/corporate identity number, address and phone number. The same dates, addresses, etc. apply for notification of the number of any assistants accompanying the shareholder. Proxies, certificates of incorporation and other authorization documents must be on hand at the Annual General Meeting, and to facilitate entry to the meeting, they should be submitted to the Company no later than April 29, 2015. Any proxies must be shown in original and may not be older than one year unless a longer validity period (max. five years) is stated on the proxy form. The Company provides proxy forms on its website: www.industrivarden.net.

Shareholders whose shares are registered in the name of a nominee must, in order to be entitled to attend the meeting, request that their nominee re-register their shares in their own name, so that the shareholder is registered in the shareholder register on April 29, 2015. Such registration may be temporary. Shareholders who wish to register their shares in their own name should inform their nominee well in advance of April 29, 2015.

The Board's proposed agenda

1 Opening of the meeting

2 Election of a chairman to preside over the Annual General Meeting

3 Drawing-up and approval of the register of voters

4 Approval of the agenda

5 Election of persons to check the minutes

6 Decision as to whether the Annual General Meeting has been duly convened

7 Presentation of:

a. the annual report and audit report, and of the consolidated accounts and audit report for the Group

b. the auditor's statement on whether the guidelines for executive compensation, which have applied since the previous Annual General Meeting, have been followed

c. the Board's proposed distribution of earnings and statement in support of such proposal

8 Address by the CEO

9 Decisions concerning:

a. adoption of the Income Statement and Balance Sheet, and the Consolidated Income Statement and Consolidated Balance Sheet

b. distribution of the Company's earnings as shown in the adopted Balance Sheet

c. the record date, in the event the Annual General Meeting resolves to distribute earnings

d. discharge from liability to the Company of the members of the Board of Directors and the CEO

10 Decision on the number of directors

11 Decision regarding directors' fees for each of the Company directors

12 Election of directors and the Chairman of the Board

13 Decision on the number of auditors

14 Decision on the auditor's fees

15 Election of auditor

16 Decision on guidelines for executive compensation

17 Decision on a long-term share saving program

18 Resolution on proposal from shareholder Thorwald Arvidsson that the Annual General Meeting resolve to delegate to the Board of Directors:

a. to write to the Government of Sweden, requesting a prompt appointment of a commission instructed to propose legislation on the abolishment of voting power differences in Swedish limited liability companies

b. to take necessary action to create a shareholders' association in the Company

c. to prepare a proposal regarding representation on the Board and the Nominating Committee for the small and medium-sized shareholders

19 Resolution on proposal from shareholder Thorwald Arvidsson to amend the Articles of Association

20 Resolution on proposal from shareholder Thorwald Arvidsson for a special review of the manner in which Industrivärden has exercised its principal ownership in SCA

21 Closing of the Annual General Meeting

The Board's other proposals

Dividend and record date

The Board of Directors and the CEO propose a dividend of SEK 6.25 per share.

May 8, 2015, has been proposed as the record date for payment of the dividend. Provided that the Annual General Meeting votes in favor of this proposal, dividends are expected to be sent out via Euroclear Sweden AB on May 13, 2015.

Guidelines for executive compensation

The Board proposes that the Annual General meeting resolve in favor of the following guidelines (the proposal is in line with the Annual General Meeting's resolution in 2014): Compensation paid to the CEO and other members of the executive management shall consist of a base salary, a variable salary, other benefits and pension. The total compensation should be competitive and in line with the going rate in the market, and shall be commensurate with the executive's responsibilities and authority. The variable salary consists of a short-term variable salary component (yearly) and a long-term variable salary component. The short-term variable salary component is based on individual performance, shall have a cap, and never exceed the base salary. The long-term variable salary is based on the long-term performance of the Company's stock and shall have a cap. None of the variable components shall be pensionable. Upon cancellation of an executive's employment contract by the Company, a two-year notice period applies. No severance pay should be payable. Pension benefits shall be either defined-benefit or defined-contribution, or a combination of both, and give the members of the executive management the right to retire from 60 or 65 years of age, depending on their position. The Board may depart from these guidelines if there are special reasons for doing so in individual cases.

Long-term share saving program

Background

The 2012 Annual General Meeting resolved on the implementation of a long-term share saving program, which replaced previous incentive programs. Long-term share saving programs are intended to be annually recurring and form the type of long-term variable salary. The Share Saving Program (the "Share Saving Program" or the "Program") that is now proposed by the Board of Directors to the 2015 Annual General Meeting corresponds in its construction to the programs approved by the 2012- 2014 Annual General Meetings. The intention is that the Program will be part of a total compensation package that is in line with the going rate in the market, where the employee receives matching shares (or an equivalent cash amount) after three years, subject to investment of part of the employee's fixed salary in Industrivärden shares and subject to the employee remaining employed when matching occurs. The purpose of the Program is to encourage Industrivärden's employees to increase their shareholdings and thereby further emphasize long-term shareholder value. The Share Saving Program is deemed to increase Industrivärden's prospects for retaining and recruiting competent employees as well as the employees' interest and involvement in Industrivärden's business and development. In light of the above, the Program is deemed to have a positive effect on Industrivärden's future development and therefore be advantageous both to the shareholders and to the employees of Industrivärden.

The Board of Directors thus proposes that the 2015 Annual General Meeting resolve on the implementation of a long-term share saving program for no more than 30 employees of the Industrivärden Group.

The Board of Directors' proposal for resolution

The Board of Directors proposes that the Annual General Meeting resolve to implement the Program based on the terms and conditions set out below.

a. The Program is open to no more than 6 members of Industrivärden's management ("Management"), to no more than 10 key persons employed within the Industrivärden Group ("Key Persons"), and to no more than 14 other permanent employees within the Industrivärden Group ("Employees").

b. Under the terms of the Program, Management, Key Persons and Employees are offered the opportunity to, provided that they have made an investment of their own in Class C shares in Industrivärden ("Saving Shares") during the period May 15-October 20, 2015 (the "Acquirement Period"), from a designated third party be allotted Class C shares in Industrivärden free of charge ("Matching Shares"). For each Saving Share, Management may be allotted three (3) Matching Shares, Key Persons two (2) Matching Shares, and Employees one (1) Matching Share. Due to the fact that allotment of Matching Shares will be pensionable for certain program participants in the Key Persons and Employees categories, such program participants may be allotted fewer than two (2) Matching Shares and one (1) Matching Share, respectively, for each Saving Share. To the extent that program participants are entitled to receive allotment of Matching Shares, the participant shall have the right, instead of Matching Shares, to choose to receive a cash amount that is cost-neutral for Industrivärden. With respect to what is specified below on allocation of Matching Shares it shall, where applicable, instead pertain to the receipt of cash amounts.

c. Allotment of Matching Shares is estimated to occur shortly after publication of Industrivärden's interim report for the third quarter of 2018.

d. The maximum number of Saving Shares that each program participant may acquire is limited in such way that Saving Shares may be acquired for an amount corresponding to a maximum of ten (10) percent of the participant's annual base gross salary for 2015.

e. In order for a program participant to be allotted Matching Shares it is required that, with certain specific exemptions, he or she is permanently employed within the Industrivärden Group for the duration of the entire Lock-up Period and that the participant, throughout this Lock-up Period, has retained the Saving Shares. Saving Shares disposed of prior to the expiration of the Lock-up Period will therefore not entitle to any allotment of Matching Shares. Should a program participant retire during the Lock-up Period, the entitlement to receive allotment of Matching Shares shall be reduced in proportion to the time remaining in the Lock-up Period.

f. The Program shall comprise a maximum of 150,000 Class C shares in Industrivärden (Matching Shares). Should Saving Shares be acquired at a share price such that the total number of Matching Shares exceeds 150,000, the number of Matching Shares that may be transferred to the program participants will be proportionally reduced.

g. The Board of Directors shall be authorized to establish the detailed terms and conditions for the Program.

h. If significant changes in Industrivärden or in the market were to occur, or if the costs for the Program were to significantly exceed the estimated costs, and this, in the opinion of the Board of Directors, were to result in a situation where the conditions for allotment of Matching Shares under the Program become unreasonable, the Board of Directors shall be entitled to make adjustments to the Program, including, among other things, a decision to reduce the allotment of Matching Shares or to not allot any Matching Shares at all. For Management and Key Persons, who may be allocated three (3) and two (2) Matching Shares, respectively, the following shall apply for allocations of more than one (1) Matching Share: If the Board of Directors is of the opinion that Industrivärden's performance during the Lock-up Period is not aligned with Industrivärden's long-term financial objectives, the Board of Directors shall have the right to decide on a reduced allocation or that no allocation of said Matching Shares be made at all.

i. The number of Matching Shares shall be subject to recalculation as a result of intervening bonus issues, splits, rights issues and/or other similar corporate events.

Drafting of the proposal

The proposal regarding the Program to the 2015 Annual General Meeting has been decided on by the Board of Directors after consultation with major shareholders.

Hedging, etc.

The Board of Directors intends to hedge the expected financial exposure of the Program by, on behalf of Industrivärden, entering into an equity swap agreement with a third party on terms in accordance with market practice, whereby the third party in its own name shall be entitled to acquire and transfer Class C shares in Industrivärden to the program participants.

As proposed the Program may in total comprise a maximum of 150,000 Class C shares in Industrivärden, representing approximately 0.03 percent of all outstanding shares in Industrivärden and approximately 0.09 percent of all outstanding Class C shares in Industrivärden.

In accordance with the scope of the Program as described above, the costs are estimated to total approximately SEK 15 million, under the assumption that 30 employees participate in the Program and that all program participants acquire the maximum number of Saving Shares.

The Program is expected to have only marginal effects on Industrivärden's and the Industrivärden Group's key ratios.

Majority requirements

The Annual General Meeting's resolution in accordance with the above requires a majority of more than half of the votes cast.

Nominating Committee's proposals

The Nominating Committee has consisted of Sverker Martin-Löf, Chairman of the Board; Bo Damberg, the Jan Wallander and Tom Hedelius Foundation and others; Mats Guldbrand, L E Lundbergföretagen; Mikael Schmidt, SCA pension foundations and others; and Håkan Sandberg, Handelsbanken Pension Foundation and Handelsbanken Pension Fund, and others. Håkan Sandberg has served as Nominating Committee chair. The Nominating Committee has made the following proposals.

Chairman to preside over the Annual General Meeting :

Attorney Sven Unger

Number of directors:

Six and no deputies.

Directors' fees:

Unchanged at SEK 2,000,000 for the Chairman of the Board, SEK 1,200,000 for the Vice Chairman of the Board (this position did not exist in 2014), unchanged at SEK 600,000 for each of the other non-executive directors. No separate fee shall be paid for committee work.

Directors:

Re-election of Pär Boman, Christian Caspar, Nina Linander, Fredrik Lundberg, Annika Lundius and Anders Nyrén. Sverker Martin-Löf, Boel Flodgren and Stuart Graham have declined re-election.

Chairman of the Board: New election of Anders Nyrén.

As a matter of information it can be mentioned that the principal owners have proposed that Industrivärden's Board appoint Fredrik Lundberg as Vice Chairman of the Board.

Number of auditors

One accounting firm.

Auditor's fee:

Payable on account (unchanged).

Auditor

Re-election of PricewaterhouseCoopers AB for a term extending until the end of the 2016 Annual General Meeting.

Proposals from shareholders

The proposals under items 18 and 20 are set out in the agenda.

Proposal to amend the Articles of Association (item 19)

Shareholder Thorwald Arvidsson has proposed that the Articles of Association be amended as follows. This is under the condition that Thorwald Arvidsson's proposal to send a request to the Swedish Government is not approved (item 18 a).

§ 5 The number of shares shall be not less than 380,000,000 and not more than 1,520,000,000. All shares shall carry equal rights.

§ 6 To be deleted.

§ 7 To be deleted.

(Numbering of the Articles of Association to be amended accordingly.)

Thorwald Arvidsson proposes that the Board of Directors be authorized to take such measures as may be required as a consequence of the above amendments of the Articles of Association.

Majority requirements

A resolution by the Annual General Meeting according to item 18 requires that shareholders representing more than half of the votes cast at the meeting vote in favor of the proposal. A resolution by the Annual General Meeting to amend the Articles of Association in accordance with item 19 is valid if all shareholders represented at the meeting vote in favor of the proposal and those shareholders represent at least nine-tenths of all shares in the Company, alternatively if shareholders representing at least two-thirds of the votes cast as well as the shares represented at the meeting vote in favor of the proposal and holders of half of all shares of Class A and nine-tenths of the shares of Class A represented at the meeting agree to the amendments. A resolution by the Annual General Meeting to commission a special review in accordance with item 20 requires that shareholders of at least one-tenth of all shares in the Company or of at least one-third of the shares represented at the meeting, vote in favor of the proposal or that shareholders with more than half of the votes cast vote in favor of the proposal.

Documents

Accounting records, audit reports and auditors' statements, and the Board's proposed distribution of earnings and statement in support of such proposal, will be on hand for the shareholders at the Company three weeks before the Annual General Meeting. These documents will also then be posted on the Company's website, www.industrivarden.net, and will be sent to shareholders at their postal address upon request. The documents will also be available at the Annual General Meeting

Number of shares and votes in the Company

The total number of shares in AB Industrivärden is 432,341,271, of which 268,186,050 are Class A shares and 164,155,221 are Class C shares. Each Class A share carries one vote. Each Class C share carries one-tenth of a vote. The total number of votes is 284,601,572.1. This data pertains to the conditions at the time this notice is issued.

Disclosures at the Annual General Meeting

The shareholders have the right to certain disclosures at the Annual General Meeting: The Board of Directors and the CEO shall, if requested by any shareholder, and if the Board believes that it can be done without causing material harm to the Company, provide disclosures on conditions that could affect the assessment of a matter on the agenda, conditions that could have an effect on the assessment of the Company's or a subsidiary's financial situation as well as of the Company's relations with another Group company. A shareholder who wishes to submit questions in advance can do so by post: AB Industrivärden, the Board of Directors, Box 5403, SE-114 84 Stockholm, Sweden, or by e-mail: agm@industrivarden.se

Stockholm, March 2015

AB Industrivärden (publ)

The Board of Directors
Kallelse årsstämma 2015_eng.pdf
Nominating Committee's recommendation for Board of Directors

The Nominating Committee of AB Industrivärden proposes the re-election of board members Pär Boman, Christian Caspar, Nina Linander, Fredrik Lundberg, Annika Lundius and Anders Nyrén. Sverker Martin-Löf, Boel Flodgren and Stuart Graham have declined re-election. Anders Nyrén is proposed as the new Chairman of the Board.

The Nominating Committee's other recommendations will be made public on March 31 in the notice of the Annual General Meeting of AB Industrivärden.

The Nominating Committee's members are Sverker Martin-Löf (Chairman of the Board of Industrivärden), Bo Damberg (the Jan Wallander and Tom Hedelius Foundation, and others), Mats Guldbrand (LE Lundbergföretagen), Mikael Schmidt, (SCA Pension Foundations and others), and Håkan Sandberg (Handelsbanken Pension Foundation and Handelsbanken Pension Fund, and others). The Nominating Committee has appointed Håkan Sandberg as Nominating Committee chair.

The Annual General Meeting will be held at 2 p.m. (CET) on May 6, 2015, at the Grand Hotel in Stockholm.

Contact: Håkan Sandberg, Nominating Committee chair, tel. +46-8-701 10 00.

Board decisions

The recruitment of a new President and CEO in Industrivärden is expected to be completed during the third quarter 2015. For the interim period until the new President takes office, the Board of Directors of Industrivärden has appointed Bengt Kjell (b.1954) as acting CEO. During the period 2002-2010 Bengt Kjell was employed by Industrivärden as Executive Vice President and Chief Investment Officer. Today he is CEO of Handelsbanken's subsidiary Aktiebolaget Handel och Industri, an assignment he will leave, and is a member of ICA Gruppens board and has also been proposed to serve as the new Chairman of the Board of SSAB. In addition to this, he has a number of board assignments, including as Chairman of Hemfosa and as Vice Chairman of Indutrade.

When Anders Nyrén is elected as new Chairman of the Board, he will leave his position as President and CEO and his employment by Industrivärden.

Contact: President and CEO, Anders Nyrén, tel. +46-8-666 64 00.

Chairman of the Board, Sverker Martin-Löf, tel. +46-8-666 64 00.

Principal owner's recommendation

As previously announced, the principal owners suggests that Fredrik Lundberg be appointed Vice Chairman of Industrivärden's board.

Stockholm, March 24, 2015

AB Industrivärden (publ)
Valberedningsförslag_eng.pdf
On Friday Industrivärden filed a police report regarding suspected illegal interception of its premises after listening devices has been found. There are no indications of hacking or similar.

As long as the police investigation is ongoing Industrivärden will not leave any additional comments to this.

Stockholm, March 21, 2015

AB INDUSTRIVÄRDEN (publ)

Anders Nyberg, General Counsel
Notification_to_the_police_150321_eng.pdf
On February 28, 2015, net asset value was SEK 191 per share, corresponding to SEK 189 per share after full conversion of outstanding convertible loans of SEK 4,921 M and 31 million additional Class C shares.

The closing price on February 27, 2015, was SEK 168.30 for the Class A shares and SEK 160.40 for the Class C shares.

Stockholm, March 2, 2015

AB INDUSTRIVÄRDEN (publ)

For further information, please contact:

Anders Gustavsson, IRO, tel. +46-8-666 64 00

Sverker Sivall, Head of Corporate Communication, tel. +46-8-666 64 00
Substansvarde_150302_eng.pdf
Industrivärden's Annual Report for the fiscal year 2014 is available starting today on the company's website, www.industrivarden.se (Swedish version) and www.industrivarden.net (English version). Printed annual reports will be distributed to shareholders and other interested parties who have requested copies starting during the middle of week of March 9.

Printed annual reports can also be ordered from the Company as from the middle of week of March 9.

Stockholm, Sweden, February 20, 2015

AB INDUSTRIVÄRDEN (publ)

For further information, please contact:

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

The information provided herein is such that AB Industrivärden (publ) is obligated to disclose pursuant to the Securities Markets Act (SFS 2007:528). Submitted for publication at 10:00 a.m. on February 20, 2015.
Distribution_AR14_150220_eng.pdf
-- The total return for the year was 13% for the Class A shares and 16% for the Class C shares, compared with 16% for the SIXRX to-tal return index. -- Net asset value on December 31, 2014, was SEK 158/share, which adjusted for conversions and reinvested dividend amounted to a rise of 9%. Earnings per share for the year were SEK 12.62 (31.16). Net asset value on January 30, 2015 was SEK 178/share, or SEK 176/share after full conversion. -- The entire convertible loan 2010-2015 was converted, to 46.1 million new Class C-shares, adding SEK 5.8 billion to share-holder's equity. -- A SEK 4.4 billion exchangeable bond was issued as part of the continuous refinancing of the debt portfolio. The bond was issued at a premium to the existing share price for ICA Gruppen of approximately 38% and carries no interest. -- The Board of Directors proposes a dividend of SEK 6.25 per share (5.50), an increase of 14% equivalent to a dividend yield of 4.6% for the Class C shares.

CEO's message

In early 2014 an air of optimism spread over indications that the European as well as global economies were on track towards a broad upswing. Such was the case in the U.S., but in the rest of the world the economy performed generally worse than expected. Although these expectations were not met, economic performance was not worse than in 2013, and global growth reached 3.3% according to the IMF's estimations - a comparatively favorable level from an historic perspective. In the wake of a stronger economy, the world's stock exchanges rose slowly but surely during the year, led by the U.S., where the S&P 500 noted an all-time high in December.

With this performance in mind, it is exciting to reflect over the fundamental conditions for the current year. We are now facing a situation characterized by monetary stimulus packages on a scale seldom witnessed before. The European Central Bank recently unveiled a stimulus program of EUR 60 billion per month for up to EUR 1.1 trillion at the same time that Abenomics is resulting in continued expansive policies in Japan. The Chinese authorities continue to actively stimulate the Chinese economy with the goal of achieving GDP growth of just over 7%. In the U.S., growth is now favorable, which has led to a slow scale-back of the Fed's QE program. The drop in oil prices represents one of the largest stimulus injections that the Western world has ever seen. Overshadowing these positive forces are numerous geopolitical worries, including the Ukraine crisis, advances by IS, and Russia's economic woes.

All in all I believe that the low interest rates and supply injection created by the lower energy and commodity prices during the year will lead to an improved economic situation for Europe at the same time that the U.S. continues to perform relatively well. This will benefit our portfolio companies - most of which work in a global market. It also creates favorable prospects for Industrivärden's value performance in 2015.

Handelsbanken is showing continued stable performance and continues its organic growth, particularly in the UK. The Volvo Group is in the midst of strategic focus work and has launched several new products that have strengthened its positions in several markets. The restructuring of SCA's product portfolio has borne fruit, and the company can now use cash flow from its European operations for proactive investments in emerging markets. Sandvik's work on lowering costs and increasing flexibility for stronger profitability is unfolding well and has resulted in a stronger and more stable company. Ericsson has in a professional manner developed its leading position with stable sales growth and a strong operating margin. ICA Gruppen is showing continued impressive stability in its core business and left its unprofitable business in Norway during the year. Skanska is continuing its successful expansion in key areas in the U.S. and is winding up its unprofitable business in Latin America. Through its merger with the Finnish steelmaker Rautaruukki, SSAB is creating synergies, increasing its flexibility and strengthening its customer offering. Industrivärden stands stronger than ever before. With a well-developed ownership model and clear action plans in our portfolio companies, we are well equipped for continued long-term value creation.

Net asset value at year-end was SEK 158 per share, an increase of 9% for the year adjusted for conversions and reinvested dividends. The total return was 13% for Industrivärden's Class A shares and 16% for the Class C shares, which was even with the return index. A few of our portfolio companies are undergoing necessary and extensive restructuring programs. These companies have strengthened their conditions considerably, and as their profitability improves they will make a positive contribution to a long-term favorable return for Industrivärden's stock.

In total Industrivärden bought stocks for SEK 1.6 billion, net, during the year. The largest net purchase was in Volvo, for SEK 1.2 billion, followed by Sandvik, for SEK 0.5 billion. The largest net sale was in Skanska, for SEK 0.1 billion M.

Despite low volatility in the stock market, our trading generated a record profit of SEK 178 M, which exceeded the management cost, which amounted to SEK 146 M, or 0.18% of managed assets.

During 2014 the entire convertible loan due in 2015 was converted to 46.1 million new Class C shares, whereby SEK 5.8 billion was added to shareholders' equity. We have thereby carried out a new issue in an investment company that is traded at a discount to net asset value. The proceeds have been invested primarily in Volvo and Sandvik - companies that we believe have favorable long-term value potential.

As part of the ongoing refinancing of the debt portfolio, Industrivärden issued exchangeable bonds worth SEK 4.4 billion in 2014. The loan was issued at a 38% premium over ICA Gruppen's share price and carries zero interest. This is a good component in our debt portfolio which lowers the average interest rate of the portfolio.

The Board of Directors proposes a dividend of SEK 6.25 per share (5.50), which corresponds to a dividend yield of 4.6% for the Class C shares, compared with an average dividend yield of 3.5% for the Stockholm Stock Exchange. We have thereby once again achieved our goal of paying a higher dividend yield than the average for the Stockholm Stock Exchange.

Anders Nyrén
Delårsrapport_12M14_eng.pdf
At the 2011 Annual General Meeting, a share conversion clause was added to Industrivärden's articles of association.

During the month of January 2015, 150 A-shares were converted.

Following the conversions, the number of votes in the company is 284 601 572.1. The total number of registered shares in the company is 432 341 271, of which 268 186 050 are Class A shares and 164 155 221 are Class C shares.

Stockholm, January 30, 2015

AB INDUSTRIVÄRDEN (publ)

For further information, please contact:

Anders Gustavsson, IRO, tel. +46-8-666 64 00

Sverker Sivall, Head of Corporate Communications, tel. +46-8-666 64 00
Omvandling av aktier_150130_eng.pdf
Industrivärden and its principal owners, Handelsbanken with pension foundations and its pension fund, the Jan Wallander and Tom Hedelius Foundation and related research foundations, L E Lundbergföretagen and SCA's pension foundations will be proposing certain changes to the nominating committees of Industrivärden and its portfolio companies ahead of companies' Annual General Meetings this coming spring.

Sverker Martin-Löf has announced his intention to leave his directorships at the companies' coming Annual General Meetings. The principal owners and Industrivärden will therefore work for the following changes in the nominating committee work:

-- to recommend Anders Nyrén as new Chairman of the Board of Industrivärden. The recruitment process for a new CEO is under way. Fredrik Lundberg will be appointed as Vice Chairman. -- that Anders Nyrén leaves his position as Chairman of Handelsbanken. Pär Boman is proposed as the new Chairman. Fredrik Lundberg will continue as Vice Chairman, and Anders Nyrén will continue to serve as a board member. An announcement on a successor to Pär Boman as CEO of Handelsbanken will be made by its board of directors prior to the bank's Annual General Meeting. -- to recommend Pär Boman as new Chairman of SCA and as a new director of Skanska. -- to recommend Bengt Kjell as new Chairman of SSAB. -- to recommend Anders Nyrén as a director of Ericsson.

The principal shareholders are of the opinion that the proposed changes are well-suited for the respective companies and are suitable solutions for a succession change in the Group and thereby broaden the group of senior executives. The principal owners have taken note of the recent debate concerning the issue of personal constellations within the Industrivärden Group. The intention is therefore that the following principles shall apply in the future: Senior executives of portfolio companies shall not serve on Industrivärden's board. In addition, such persons shall only be able to serve on another company's board within the Group to a limited extent.

"I feel that the succession plan that has now been drawn up takes into account in a professional manner all of the conditions to meet Industrivärden's ambition to be an active and long-term owner in major Swedish listed companies," comments Sverker Martin-Löf. "It is gratifying to note that the pension foundations and others in Handelsbanken and SCA continue to be prepared to take their long-term ownership responsibility, and at the same time I can affirm that the favorable cooperation with Lundbergs continues and is developing further to the benefit of ownership stability in Industrivärden."

Fredrik Lundberg, President and CEO of L E Lundbergföretagen, comments: "As Sverker Martin-Löf is now leaving his directorships in the Group, new talents are stepping in who are well-versed with the respective companies and will thereby ensure continuity. Sverker has a very successful career behind himself both as a CEO and Chairman of several different companies. We are very grateful for his dedicated work over many years. He has been of great service to the companies, which in many cases has been decisive for their development. We wish Sverker all the best for the future."

Stockholm, January 22, 2015

The Board of Directors

AB INDUSTRIVÄRDEN (publ)

For further information, please contact:

Sverker Sivall, Head of Corporate Communications, tel. +46-8-666 64 00
Viktig information IV_150122_eng.pdf
Clarification from Industrivärden's Chairman of the board Sverker Martin-Löf:

"It should be clarified that the indications of interception that I referred to in today's article in Dagens Industri only are associated with the attention that above all has concerned SCA and a few individuals."

Stockholm, January 15, 2015

Sverker Martin-Löf, Chairman of the board, Industrivärden
Förtydligande_150115_eng.pdf
On the initiative of Industrivärden the company and its Executive Vice President Pär Östberg, who has been responsible for the company's investment operation since October 2012, has reached an agreement whereby he will leave Industrivärden on June 30, 2015. As a result of this, Östberg will also leave his board assignments in Ericsson and Skanska in connection with the Annual General Meetings during the spring 2015.

Stockholm, January 13, 2015

AB INDUSTRIVÄRDEN (publ)

For further information, please contact:

Anders Nyrén, President and CEO, tel. +46-8-666 64 00
Ledningsförändring_150113_eng.pdf
On December 31, 2014, net asset value was SEK 158 per share, corresponding to SEK 158 per share after full conversion of outstanding convertible loans of SEK 4,971 M and 31 million additional Class C shares.

The closing price on December 30, 2014, was SEK 142.80 for the Class A shares and SEK 136.10 for the Class C shares.

Stockholm, January 2, 2015

AB INDUSTRIVÄRDEN (publ)

For further information, please contact:

Anders Gustavsson, IRO, tel. +46-8-666 64 00

Sverker Sivall, Head of Corporate Communication, tel. +46-8-666 64 00
Substansvarde_150102_eng.pdf
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