Interim Report January-March 2008

Important events during the quarter

• An agreement was signed with Volkswagen to divest Investor's entire holding in Scania for a total value of SEK 17.6 bn.
• Cash proceeds totaling SEK 3.4 bn. were received after Borse Dubai declared its bid for OMX unconditional.
• Ownership positions were strengthened in SEB, Husqvarna, Electrolux and Atlas Copco through investments totaling SEK 875 m.
• Investor's net asset value decreased by 6 percent during the quarter, compared with a decline of 11 percent for the total return index of the Stockholm Stock Exchange.
• Financial strength was maintained and leverage was 1 percent on March 31.
• After the close of the first quarter, the dividend of SEK 4.75 per share (4.50), a total of SEK 3,637 m. (3,449), was paid to shareholders.

Financial information

• The net asset value amounted to SEK 146,003 m. (SEK 191 per share) on March 31, 2008, compared with SEK 155,204 m. (SEK 203 per share) at year-end 2007.
• The consolidated net result for the first quarter, including change in value, was SEK -8,929 m. (SEK -11.66 per share), compared with SEK 7,345 m. (SEK 9.58 per share) for the same period of 2007.
• Core Investments had an impact of SEK -7,084 m. on income in the first quarter (4,039). Scania had the greatest positive impact with SEK 2,993 m. and ABB had the largest negative effect with SEK -4,324 m.
• Operating Investments contributed SEK 89 m. to income in the first quarter (-381).
• Private Equity Investments had an effect of SEK -1,706 m. on income during the quarter (3,591).
• The total return on Investor shares was -9 percent in the first quarter (2). The annual total return has averaged 14 percent over the past 20-year period.

For further information:

Fredrik Lindgren, Vice President, Corporate Communications
Phone +46 8 614 20 31, +46 735 24 2031