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INDUSTRIVÄRDEN, AB: Comment on the appointment of a new CEO in Ericsson

Industrivärden, AB
Company Announcement

Comment on the appointment of a new CEO in Ericsson

The Board of Directors of Industrivärden's portfolio company Ericsson has today
decided to appoint Börje Ekholm as the company's new President and CEO,
effective January 16, 2017. Additional information is provided in the press
release that has been published by Ericsson earlier today.

Industrivärden is a long term investor and active owner of Ericsson, and
exercise its ownership commitment primarily through participation in the
Nominating Committee and the Board of Directors. We support the decision made
by the Ericsson Board of Directors to appoint Börje Ekholm as the new CEO and
share the Boards view that he is well suited to lead and develop the company.

Commenting on the appointment, Industrivärden's CEO Helena Stjernholm says,
"From Industrivärden's side, we are pleased that Ericson will now get a new CEO
in place who has an extensive and long experience of technology companies in a
global arena, with in-depth knowledge of the telecom industry as well as
Ericsson. We share the Board's view that Börje Ekholm's background and proven
ability to create value, will make him an excellent CEO of Ericsson."

In order to further align the CEO's interests with the shareholders,
Industrivärden and Investor will enter into an options agreement with Börje
Ekholm. The options agreement will be entered into at market terms and means
that Industrivärden and Investor together will issue 2,000,000 call options in
the Ericsson Class B share (1,000,000 respectively). Each option entitles the
purchase of one Ericsson Class B share at a strike price of SEK 80 per share
during one year after a seven-year period. The valuation has been conducted,
using Black & Scholes model, by an independent third party.

Stockholm, October 26, 2016


For further information, please contact:

Helena Stjernholm, Chief Executive Officer, Industrivärden, tel. +46-8-666 64 00

Sverker Sivall, Head of Corporate Communications, Industrivärden, tel.
+46-8-666 64 00

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