Industrivarden: Interim Report January 1- June 30, 2003


STOCKHOLM, Sweden, August 06, 2003 (PRIMEZONE) -- Industrivarden:

*Industrivarden's net asset value was SEK 27,682 M on August 4, an increase of SEK 3,267 M since year-end 2002. On June 30 the net asset value was SEK 25,642 M (29,645).

*Net asset value was SEK 144 per share as per August 4, compared with SEK 126 per share at the start of the year. On June 30 net asset value was SEK 133 per share (153). Average annual growth in net asset value over the last ten- year period was 8%.

*In the period from year-end 2002 through August 4, 2003, the total return for Industrivarden's stock was 29% or 11 percentage points higher than the Total Return Index. During the first half of the year, the total return was 15% (-19) compared with 11% (-22) for the Total Return Index. During the last ten-year period the average total return was 4 percentage points higher than the Total Return Index.

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

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The full report is available for download:

http://www.waymaker.net/bitonline/2003/08/06/20030806BIT00020/wkr0001.doc

http://www.waymaker.net/bitonline/2003/08/06/20030806BIT00020/wkr0002.pdf