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2016-02-11

Kinnevik: Year-end release 2015

FOURTH QUARTER 2015

Operating companies' performance

* Zalando's preliminary fourth quarter revenues grew 30-31% with an adjusted
EBIT margin of 7-9%
* Millicom reported revenues of USD 1.68bn - organic service revenue up 6%
* Tele2 launched its 4G network in the Netherlands and agreed to combine its
mobile business in Kazakhstan with Kazakhtelecom

Kinnevik investment activities

* The sale of Kinnevik's entire 31% stake in Avito for a total cash
consideration of USD 846m closed on 15 December
* Kinnevik's Polish agricultural business Rolnyvik divested for a total cash
consideration of SEK 385m

Kinnevik financial position

* Net Asset Value of SEK 83.5bn, up by SEK 1.4bn in the quarter and a strong
balance sheet with a net cash position of SEK 7.6bn
* The Administrative Court of Appeal decided in favor of Kinnevik in SEK 702m
tax dispute

FULL-YEAR 2015

Operating companies' performance

* Zalando's preliminary full-year revenues grew 33-34% to almost EUR 3.0bn
with an adjusted EBIT margin of 3-4%
* Millicom's mobile subscriber base increased by almost 6 million to 63
million subscribers with 30% data penetration
* Tele2's mobile end-user service revenues grew 5% in constant currencies
* Global Fashion Group announced 61% GMV growth in euro terms for the first
nine months of 2015

Kinnevik investment activities

* SEK 1.6bn of investments focused on existing companies, net investments of
SEK 430m excluding the sale of Avito
* For 2016, Kinnevik expects its net investments to amount to SEK 2-3bn

Kinnevik financial position

* The Kinnevik Board of Directors recommends that the Annual General Meeting
decides upon an ordinary dividend of SEK 7.75 per share for 2015,
corresponding to an increase of 7%
* Today Kinnevik announced that its Board of Directors has resolved to
execute a SEK 500m share buyback program between 15 February and 23 March

Press release
http://hugin.info/1114/R/1985367/728127.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

HUG#1985367

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