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RECLASSIFICATION OF CLASS A SHARES TO CLASS B SHARES IN INVESTMENT AB KINNEVIK

6/30/2008 10:00 AM

RECLASSIFICATION OF CLASS A SHARES TO CLASS B SHARES IN INVESTMENT AB KINNEVIK
 
In accordance with the proposal on reclassification, approved by the Annual General Meeting held on 15 May this year, owners of 1,531,726 Class A shares in Investment AB Kinnevik (publ) have required reclassification of Class A shares to Class B shares. After reclassification, which has been registered at the Swedish Company Registration Office, the number of Class A shares is 48,665,324 and the number of Class B shares is 215,316,606. The difference of number of votes per share between Class A shares and Class B shares is 10:1. The total amount of votes in Kinnevik is 701,969,846. The total number of shares after reclassification is unchanged at 263,981,930.
 
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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 with 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.