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Kinnevik invests EUR 25 million in

15 June 2011, 10:01 AM
Investment  AB Kinnevik publ. ("Kinnevik") today  announced that it has invested
EUR 25 million in the travel marketplace company Wimdu.

Wimdu  is  a  consumer-to-consumer  travel  market  place  where the core of the
business is to enable private individuals to rent out their rooms, apartments or
houses  to other people needing temporary housing for work or leisure. Wimdu has
a global presence with 400 employees in 50 countries and offices in 15 countries
covering all continents. It also owns and operates Airizu.comwhich is a Chinese
sister site.

The company was founded in 2010 and was seed-funded by Rocket Internet. Kinnevik
is  now participating in a  new issue in order  to finance Wimdu's international
expansion. In addition to the EUR 25 million now invested, Kinnevik has warrants
to double its investment in Wimdu to a total of EUR 50 million.

For further information, visit www.kinnevik.seor contact:

Torun Litzén, Director Investor Relations +46 (0)8 562 000 83

                                          +46 (0)70 762 00 83

Kinnevik  was  founded  in  1936 and  thus  embodies  more than seventy years of
entrepreneurship  under the same group of principal owners. Kinnevik's objective
is  to increase shareholder value, primarily through net asset value growth. The
company's  holdings of growth  companies are focused  around seven comprehensive
business  sectors;  Paper  &  Packaging,  Telecom  &  Services,  Media,  Online,
Microfinancing and Renewable energy. Kinnevik has a long history of investing in
emerging  markets  which  has  resulted  in  a considerable exposure to consumer
sectors  in these markets.  Kinnevik plays an  active role on  the Boards of its

The  Kinnevik's  class  A  and  class  B  shares  are  listed  on the NASDAQ OMX
Stockholm's  list for large cap companies,  within the financial and real estate
sector. The ticker codes are KINV A and KINV B.

Press release:

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Source: Kinnevik via Thomson Reuters ONE