Indutrade acquires Axelvalves AB and strengthens its position in Eastern Europe

Indutrade today acquired all of the shares in Axelvalves AB with annual sales of
approximately SEK 36 million to Eastern Europe.

Axelvalves is one of the leading suppliers in Scandinavia of industrial valves to the
processing industry in Eastern Europe with own brands.

The acquisition strengthens Indutrade’s market position mainly in Russia and is
expected to have a marginally positive effect on Indutrade’s earnings per share.

Stockholm, 2 January 2007