The Board's Remuneration Report
This remuneration report describes how the guidelines for executive remuneration of Kinnevik AB, adopted by the 2024 Annual General Meeting, were implemented during 2025. The report also provides information on remuneration paid to Kinnevik's Chief Executive Officer and Board members (in addition to ordinary Board remuneration, if any), as well as asummary description of Kinnevik's outstanding share incentive plans. The report has been prepared in accordance with theSwedish Companies Act and the Swedish Stock Market Self-Regulation Committee's Rules on Remuneration of the Boardand Executive management and on Incentive Programmes.
