Interim Report January-March 2010

Interim Report January-March 2010

Highlights during the first quarter
• Investor entered into an agreement with BAE Systems, subject to regulatory
approvals, to acquire 11.2 m. shares in Saab AB, corresponding to 10.2 percent
of the capital, at a price of SEK 95.50 per share, or SEK 1,066 m. in total.
Closing is expected in the second quarter.
• Within Operating Investments, the merger between Biovitrum and Swedish Orphan
International was successfully finalized, with a subsequent strong share price
performance.
• Investor Growth Capital made several successful exits during the quarter.
Within EQT's funds, a number of previously announced investments were completed.
• As previously communicated, Investor's Board of Directors proposes a dividend
per share of SEK 4.00 for 2009 (4.00). Assuming approval on the AGM on April 14,
2010, and adjusted for shares held by Investor, a total of SEK 3,050 m. is
expected to be distributed to Investor's shareholders (3,059).

Financial information
• Net asset value amounted to SEK 150,316 m. (SEK 197 per share) on March 31,
2010, compared to SEK 142,673 m. (SEK 187 per share) at year-end 2009,
corresponding to a change, with dividend added back, of 5 (-2) percent for the
first quarter.
• Consolidated net profit for the first quarter, including unrealized change in
value, was SEK 7,513 m. (SEK 9.85 per share), compared to SEK -3,020 m. (SEK
-3.91 per share) for the same period 2009.
• Core Investments contributed SEK 6,813 m. to growth in net asset value in the
first quarter ( 631). ABB had the largest positive impact, SEK 3,310 m.
• Operating Investments contributed SEK 726 m. to net asset value in the first
quarter (-283).
• Private Equity Investments had an impact on net asset value of SEK -13 m. in
the first quarter 
(-1,382).
• The total return on the Investor share was 4 percent in the first quarter (
11). The total annual return averaged 11 percent over the past 5-year period

For further information:
Oscar Stege Unger, Head of Corporate Communications, Phone +46 8 614 2059, +46
70 624 2059 
Magnus Dalhammar, Investor Relations Manager, Phone +46 8 614 2130, +46 735 24
2130

Our press releases can be accessed at www.investorab.com on the Internet.

Investor AB is a Nordic-based industrial holding company founded almost one
hundred years ago by the Wallenberg family. Today we have investment activities
in Europe, the United States and Asia. The business concept is to generate
attractive long-term returns for our shareholders by owning and developing
companies with solid potential for value creation. We are an engaged owner and
apply experience, knowledge and a unique network to develop listed and unlisted
companies to make them best-in-class.