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18 Apr 2024, 8:00 am Regulatory information

Kinnevik’s Interim Report 1 January – 31 March 2024

”With Kinnevik’s divestment of its entire stake in Tele2 to iliad/NJJ announced in the first quarter, we are completing our strategic transformation to a growth-focused investment firm that we commenced some six years ago. Our Board of Directors has decided to recommend a SEK 6.4bn extraordinary cash distribution, providing shareholders a significant yield while ensuring that Kinnevik has the financial strength and flexibility to capture the many opportunities that will arise over the coming years. Against a stabilizing market backdrop, our core growth companies continued to grow and improve profitability. However, WBA’s impairment charge related to VillageMD goodwill impacted NAV negatively in a meaningful way in the quarter.”

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17 Apr 2024, 6:15 pm Regulatory information

Kinnevik’s Board of Directors concludes its capital structure review – intends to propose an extraordinary cash distribution of SEK 23 per share

Kinnevik AB (publ) (“Kinnevik”) today announced that its Board of Directors has concluded its capital structure review and has resolved to propose an extraordinary cash distribution of SEK 23 per share, equivalent to SEK 6.4bn in aggregate. The proposal is intended to be put forward to the upcoming 2024 Annual General Meeting of Shareholders to be held on 3 June 2024 (the “AGM”) and is subject to successful completion of the second step of the divestment of Tele2 AB (publ) (“Tele2”) expected to occur in Q2 2024.

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