Net asset value as per January 31, 2010

Net asset value as per January 31, 2010

Industrivärden's net asset value per share was SEK 110 as per January 31, 2010.

The closing price on January 29, 2010, was SEK 87.00 for Industrivärden Class A
shares and SEK 82.00 for the Class C shares.

Stockholm, February 1, 2010
AB INDUSTRIVÄRDEN (publ)

For further information, please contact:
Carl-Olof By, Executive Vice President, tel. +46-8-666 64 00

Submitted for publication at 10:00 a.m. on January 1, 2010.