Industrivarden: Disclosure Notice Regarding Skanska


STOCKHOLM, Sweden, June 16, 2005 (PRIMEZONE) -- Industrivarden has called for the conversion of 2,302,756 Class A shares in Skanska to a corresponding number of Class B shares. The conversion re-duces Industrivarden's share of votes in Skanska from 29.3% to 26.9%.

Following the completed conversion, Industrivarden's holding in Skanska is shown in the table below:


 Holding          Number     Capital (%)    Votes (%)
 Skanska A:       15,000,000         3.6         24.1
 Skanska B:       17,299,756         4.1         2.8
 Skanska A and B: 32,299,756         7.7         26.9

Stockholm, Sweden, June 16, 2005

AB INDUSTRIVARDEN (publ)

For further information, please contact: Carl-Olof By, Executive Vice President and CFO, tel. +46-8-666 64 00

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