Interim Report January-March 2006

Important events

• Shares in Electrolux were purchased for SEK 437 m.
• Dividends totaling SEK 2,685 m. were paid to shareholders (SEK 3.50 per share).
• After the close of the quarter (April 3), Investor and EQT jointly made a cash tender offer to acquire the total shares outstanding in Gambro.

Financial information

• The net asset value amounted to SEK 146,836 m. (SEK 191 per share) on March 31, 2006, as against SEK 134,180 m. (SEK 175 per share) at year-end 2005.
• Consolidated net income (including unrealized changes in value) totaled SEK 15,380 m. (SEK 20.03 per share) in the first quarter, compared with SEK 6,173 m. in the corresponding period of 2005 (SEK 8.03 per share).
• Core Investments had an impact of SEK 16,326 m. on net income in the first quarter (6,152). Atlas Copco, SEB and ABB had the greatest impact with SEK 3,875 m., SEK 3,691 m. and SEK 3,534 m., respectively.
• Private Equity Investments had an effect of SEK -288 m. on net income in the quarter (486).
• The total return on Investor shares was 4 percent in the first quarter (13). The total return has been 55 percent over the past 12-month period.