New acting CEO at Korsnäs

5/13/2005 12:00 AM

Investment AB Kinnevik ("Kinnevik) today announced that Vigo Carlund, the Chairman and former CEO of Korsnäs, has been appointed acting CEO of Korsnäs AB. The current CEO, Per Lindberg has resigned at his own request. The work on recruiting a new CEO will begin immediately and Vigo Carlund will remain as the acting CEO until a replacement is appointed.

For further information, please visit www.kinnevik.se or contact:
Vigo Carlund, President & CEO
+46 (0) 8 562 000 00
Henrik Persson, Investor Relations
+46 (0) 8 562 000 87
Investment AB Kinnevik is an investment company. The Company's objective is to increase shareholder value, primarily through net asset value growth. The Group consists of the Parent Company Investment AB Kinnevik and a number of operating subsidiaries. The Parent Company manages a portfolio of long-term investments in a number of listed companies such as Tele2, Modern Times Group MTG, Millicom International Cellular, Metro International and Transcom WorldWide. Kinnevik plays an active role on the Boards of its subsidiaries and associated companies.

The Group's subsidiaries are principally active in farming through Mellersta Sveriges Lantbruk, cartonboard and paper production through Korsnäs, and banking, insurance, securities broking and trading, and asset management through Invik & Co.

Kinnevik's A' and B' shares are traded on the Stockholmsbörsen O-list' with the ticker codes KINVA' and KINVB'.