Kinnevik: Interim Report 1 January - 30 September 2017

OPERATING COMPANIES' PERFORMANCE

• Zalando showed continued healthy growth and announced the launch of a beauty category in the spring of 2018
  Preliminary revenue growth of 27.5-29.5% and an EBIT margin of between -0.5 and 0.5%
• GFG reported solid sales growth and halved losses, progressing on its path to profitability
  Revenue growth of 16% and an adjusted EBITDA margin of -4%
• Millicom returned to positive revenue growth driven by accelerated deployment of high-speed data networks
  Organic service revenue growth of 1.7% and an EBITDA margin of 37%
• Tele2 showed good momentum driven by strong uptake of their new mobile offerings
  Revenue growth of 1% on a like for like basis and an EBITDA margin of 25%
• Com Hem intends to propose a 50% increase of the cash dividend on the back of a solid growth trajectory
  Organic revenue growth of 4% and an organic underlying EBITDA margin of 50%
• MTG reported strong growth driven by all four business segments, and continued its digital investments
  Organic revenue growth of 7% and an EBIT margin of 6%

• Total investments of SEK 569m whereof SEK 527m (USD 65m) into Betterment, increasing Kinnevik's shareholding to 16%
• Total divestments of SEK 104m attributable in full to Glossybox
• Dividend of SEK 350m received from Black Earth Farming following completion of asset sale

FINANCIAL POSITION

• Net Asset Value of SEK 85.7bn (SEK 311 per share), up SEK 3.8bn or 5% during the quarter, led by a SEK 1.8bn increase in Zalando and a SEK 1.5bn increase in Millicom
• Net debt position of SEK 0.9bn at the end of the quarter

A conference call will be held today, 26 October 2017, at 10.00 CET to present the results.

Link to the audiocast: http://edge.media-server.com/m/p/8zczrdqs

Dial-in numbers:
UK: +44 20 3364 5374
SE: +46 8 505 564 74
US: +1 855 753 2230

This information is information that Kinnevik AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out below, at 08.00 CET on 26 October 2017.

For further information, visit www.kinnevik.com or contact:

Torun Litzén, Director Investor Relations

Phone +46 (0)70 762 00 50
Email press@kinnevik.com