eng

Preliminary indicative interest in Metro International S.A.

2/23/2009 2:45 PM

PRELIMINARY INDICATIVE INTEREST IN METRO INTERNATIONAL S.A.
 
 
The indication of interest will be evaluated expeditiously. At this stage there is no certainty that this will lead to an offer for Metro, and Kinnevik is not in a position to express any view on the potential bid. Further communication will be made in due course.
 
The indication was received after the notice for the General Meeting in Metro to be held on February 24, 2009 was published. At the General Meeting, the Board of Directors of Metro is, inter alia, seeking the shareholders' authorization to raise new financing through an issue of debentures and warrants. Given the preliminary nature of the approach, Kinnevik still intends to vote in favour of the proposed resolutions at the General Meeting, in order for Metro to continue the refinancing of the company.
 
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Investment AB Kinnevik's (publ) objective is to increase shareholder value, primarily through net asset value growth. The Parent Company manages a portfolio of investments focused around 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.
Investment AB Kinnevik's class A and class B shares are listed on the Nasdaq OMX Stockholm's Nordic list for large-cap companies within the financial and real estate sector. The ticker codes are KINV A and KINV B.