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Kinnevik: Kinnevik invests USD 14 million in babylon

Investment AB Kinnevik (publ) ("Kinnevik") today announced that it has
invested USD 14m in an approximately USD 25m investment round in Babylon
Holdings Limited ("babylon"), the UK based digital healthcare service

The financing was led by Kinnevik and included participation and support from
Hoxton Ventures and the founders of DeepMind, the British artificial
intelligence company acquired by Google.

babylon is a personal health service company providing care to over 250,000
people in the UK through its mobile app. A network of certified practitioners
is available 7 days a week to answer questions, consult or refer to a
specialist. The app allows patients to monitor their health and keep their
clinical records in one secure location. babylon has established itself as a
leader in digital health by combining medical experience with user friendly
digital technology.

Lorenzo Grabau, CEO of Kinnevik, commented: "babylon is our first investment
in digital healthcare, a sector where technology will enable the delivery of
better services at more affordable prices, both in developed and developing
markets. We have been impressed by the initial success of babylon and look
forward to supporting its team into building a global leader in digital
healthcare over the long-term."

For further information, visitwww.kinnevik.seor contact:

| Torun Litzén, Director Investor Relations Phone +46 (0)8 562 000 83 |
| |
| Mobile +46 (0)70 762 00 83 |

Kinnevik is an entrepreneurial investment group focused on building digital
consumer businesses. We work in partnership with talented founders and
managers to create, invest in and lead fast growing digital businesses both
in developed and developing countries. Kinnevik was founded in 1936 by the
Stenbeck, Klingspor and von Horn families. Kinnevik's shares are listed on
Nasdaq Stockholm's list for large cap companies under the ticker codes KINV A
and KINV B.

Press release


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Kinnevik via Globenewswire


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