Industrivarden Interim Report, January 1 -- March 31, 2003


STOCKHOLM, Sweden, May 05, 2003 (PRIMEZONE) -- Industrivarden:

- During the first four months of the year the total return for Industrivarden's stock was 7%, compared with 7% for the Total Return Index. During the last ten-year period the average annual total return was 4 percentage points higher than the Total Return Index.

- Net asset value was SEK 129 per share as per April 30, compared with SEK 126 per share at the start of the year. On March 31 the net asset value was SEK 119 per share. Average annual growth in net asset value over the last ten-year period has been 10%.

- Since December 2002, 11% of the shares in the humidity control company Munters have been acquired for SEK 490 M.


For further information, please contact:
Anders Nyren, CEO, +46-8-666 64 00 
Carl-Olof By, Vice President and CFO, +46-8-666 64 00
Sverker Sivall, IR, +46-8-666 64 19

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http://www.waymaker.net/bitonline/2003/05/05/20030505BIT00130/wkr0001.doc

The full report

http://www.waymaker.net/bitonline/2003/05/05/20030505BIT00130/wkr0002.pdf

The full report