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2014-04-07

Kinnevik: Lorenzo Grabau appointed CEO of Kinnevik

Investment AB Kinnevik today announces that it has appointed Lorenzo Grabau as
Chief Executive Officer with effect from May 1, 2014. Lorenzo Grabau succeeds
Mia Brunell Livfors, who notified the Board of Directors in January of her
intention to step down as CEO.

Over the last two and a half months, a committee of the Kinnevik Board, led by
its Deputy Chairman Dame Amelia Fawcett, has conducted a broad search to
identify Kinnevik's next CEO. The search has involved a thorough evaluation
of both internal and external candidates. The committee has concluded its
work by recommending to Kinnevik's Board the appointment of Lorenzo Grabau as
the next Chief Executive Officer.

Lorenzo Grabau is currently a member of the Boards of Directors of Kinnevik
and of several of its investee companies including Millicom International
Cellular SA, Zalando AG, Modern Times Group AB and CTC Media Inc. Lorenzo
Grabau joined the Board of MTG AB in May 2011 when he retired from Goldman
Sachs. In May 2013, he also joined the Boards of Kinnevik and Millicom, and
became co-Chairman of CTC. In December 2013, he joined the Board of Zalando.
From 1994 to 2011, Lorenzo worked in the Investment Banking division of
Goldman Sachs where he became a Partner in 2006. During his 17 years at
Goldman Sachs, Lorenzo held various leadership positions within the
Media/Online and Consumer/Retail industry practices.

"Kinnevik is an extraordinary Swedish global success story which combines the
long-term vision of the Stenbeck, Klingspor and Von Horn families with the
entrepreneurship and nimbleness of its management team. We have a unique
opportunity to leverage our technology and growth markets' investing
experience to create the pre-eminent, international, consumer-focused digital
services investment company. I am excited at the prospect of working with our
talented teams in Stockholm and London, and with our experienced Board of
Directors to continue delivering attractive returns to shareholders", says
Lorenzo Grabau.

"Kinnevik today has three strong pillars: the established listed core
holdings, the investment in Rocket Internet, and a number of direct
investments in promising online businesses. Lorenzo is the perfect choice to
take on the CEO role at Kinnevik as we strengthen our position as a best in
class, value added investor that can drive industry consolidation in mature
businesses and support new founder-led digital growth companies. I have
worked with Lorenzo for the last three years, first within the MTG Board and
more recently at Kinnevik and Zalando. Lorenzo has the right skill set, a
deep understanding of Kinnevik's investee companies, and the values and
business culture required to make us effective across the multiple industries
and geographies in which we operate", says Cristina Stenbeck, Executive
Chairman of Kinnevik.

The information is of such character, which Kinnevik shall disclose in
accordance with the law on Trading with Financial Instruments (1991:980)
and/or the Securities Market Act (2007:528). The information was distributed
for disclosure at 8.00 a.m. on 7 April 2014.

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

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|Cristina Stenbeck, Executive Chairman Phone +46 (0)8 562 000 00 |
|Torun Litzén, Director, Investor Relations Phone +46 (0)8 562 000 83 |
| Mobile +46 (0)70 762 00 83 |
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Investment AB Kinnevik is a leading, long-term oriented, investment company
based in Sweden. Kinnevik primarily invests in consumer centric businesses
that provide innovative and value-added technology-enabled services. Our main
areas of focus are the Communications, e-Commerce, Entertainment and
Financial Services sectors. We own significant stakes in over 50 companies
that operate in more than 80 countries across five continents, with a
particular emphasis on growth markets. The Kinnevik Group employs more than
90 000 people around the world.

Kinnevik actively supports the companies in which it invests and plays an
influential role on their respective Boards. Kinnevik was founded in 1936 by
three Swedish families who continue to play a leadership role in the
ownership of the Company and in the pursuit of its entrepreneurial ventures.

Kinnevik's shares are listed on Nasdaq OMX Stockholm's list for large cap
companies under the ticker codes KINV A and KINV B.

Press release
http://hugin.info/1114/R/1774919/605135.pdf

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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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