Net asset value as per January 31, 2012

Submitted for publication on February 1, 2012, at 10:30 a.m.


On January 31, 2012, net asset value was SEK 121 per share, corresponding to
SEK 120 per share after full conversion of outstanding convertible loans of SEK
8,524 M and 74 million additional Class C shares.

The closing price on January 31, 2012, was SEK 101.60 for the Class A shares
and SEK 96.60 for the Class C shares. Stockholm, February 1, 2012

AB INDUSTRIVÄRDEN (publ)

For further information, please contact:

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

uLong-term industrial developer of listed Nordic companies

Industrivärden is one of the Nordic region's leading holding companies, with
ownership in a concentrated selection of listed Nordic companies with good
development potential. The goal is to generate high growth in net asset value
over time.