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Kinnevik's and Vostok Nafta's Acquisition of Kontakt East

7/8/2008 1:00 PM

This press release may not be released, published or distributed in or into the USA, Canada, Australia, Japan or any other country in which such a measure is subject to registration or any other measures than those required by Swedish law. The Offer is not directed towards any person in those countries whose participation requires any additional prospectus, registration or other measure than those required by Swedish law.
 
This press release is a translation from the Swedish language press release. In the event of any discrepancies between the Swedish version and the English version, the Swedish version shall prevail.
 
Kinnevik's and Vostok Nafta's Acquisition of Kontakt East
Today, Kinnevik and Vostok Nafta control 98.7 percent of the Kontakt East shares
 
Stockholm, 8 July 2008 - Investment AB Kinnevik (publ) ("Kinnevik") and Vostok Nafta Investment Ltd. ("Vostok Nafta"), two of the leading investment companies in Sweden, today announced that they have acquired in total approximately 13.9 million shares in Kontakt East Holding AB (publ) ("Kontakt East"), representing 98.7 percent of the total number of shares and votes in Kontakt East, and warrants representing a right to subscribe for 1,446,074 shares in Kontakt East.
 
The offer to purchase shares of Kontakt East at a price of SEK 35 per share was announced on 26 May 2008 (the "Offer"), through Kinnevik's and Vostok Nafta's jointly owned Swedish company Vosvik AB ("Vosvik"). The acceptance period in the Offer expired on 24 June 2008. On 26 June 2008, the acceptance period was extended to 7 July 2008. In total 147,111 shares, representing 1.0 percent of the total number of shares and votes in Kontakt East, were tendered in the extended acceptance period. Settlement for the shares tendered in the extended acceptance period is expected to commence on or about 11 July 2008.
 
On 4 July 2008, Vosvik called for compulsory acquisition of the remaining Kontakt East shares and Kontakt East applied for having the Kontakt East shares de-listed from First North.
 
For further information, please contact:
 
Mia Brunell Livfors, CEO and President Investment AB Kinnevik (publ)
Phone +46 (0)8 562 000 00, Fax +46 (0)8 20 37 74
 
Torun Litzén, Director of Investor Relations Investment AB Kinnevik (publ)
Phone +46 (0)8 562 000 83, Mobile +46 70 762 00 83, Fax +46 (0)8 20 37 74
Box 2094, SE-103 13 Stockholm, Sweden, visiting address: Skeppsbron 18
 
Investment AB Kinnevik (publ)'s objective is to increase shareholder value, primarily through net asset value growth. The company's operations include three comprehensive business areas; Major Listed Holdings which includes Millicom International Cellular, Tele2, Modern Times Group MTG, Metro International and Transcom WorldWide, Major Unlisted Holdings which includes the cartonboard and paper company Korsnäs, and New Ventures which is active in finding new investments in small and mid sized companies which has a significant growth potential. Kinnevik plays an active role on the Boards of its holdings.
 
Kinnevik is domiciled in Stockholm. The Kinnevik class A and class B shares are listed on OMX Nordic Exchange Stockholm, Large Cap segment, within the financial and real estate sector. The ticker codes are KINV A and KINV B.