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Kinnevik: Zalando reports net revenues of EUR 501 million in first quarter 2014

Investment AB Kinnevik today announced that Zalando has reported the following
development in the first quarter:

* Group net revenues increased by 35% to EUR 501 million compared to the
first quarter 2013 (EUR 372m).
* Group EBIT margin improved significantly year-on-year.
* Improvement mainly driven by higher fulfilment productivity increased
marketing efficiency and good start into spring/summer season.

Rubin Ritter, Member of the Zalando Management Board, commented: "The start to
the year has been promising, with a significant improvement in Q1 margin
year-on-year, so we are on track with our plans for 2014. The improvement in
the first quarter underlines our plan to take a significant step towards, but
not quite reaching, EBIT breakeven at group level for the full year 2014."

Please refer to attached press release from Zalando for further information.

Kinnevik discloses the information provided herein pursuant to the Securities
Market Act (Sw. lagen om värdepappersmarknaden (2007:528)). The information
was submitted for publication on 9 May, 2014 at 8.00am (CET).

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 |
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


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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