CEO BRUCE GRANT RESIGNS FROM EXTERNAL BOARD POSITIONS

Applied Value, a leading international strategy consultancy, today
announced that its Chairman and CEO, Bruce Grant, has announced his
resignation from the Boards of Industriförvaltnings AB Kinnevik, Tele2
AB and Transcom WorldWide S.A. This decision will enable Bruce Grant to
focus entirely on Applied Value's rapid international growth and to
develop its existing client base.

Applied Value is a market leader for high-end growth strategy and cost
efficiency consulting services, and lists world-leading corporations in
both Europe and North America amongst its clients. The number of
international contracts is growing rapidly and comes from an
increasingly broad range of industries.

Bruce Grant, President and CEO, commented: "I've made a difficult
decision to finalize my independence from the ...