Investment AB Kinnevik: Kinnevik and Vostok Nafta complete the Offer for Kontakt East - More than 97 percent of the shares have been tendered



This press release may not  be released, published or distributed  in
or into the  USA, Canada, Australia,  Japan or any  other country  in
which such a measure is subject to registration or any other measures
than those required by Swedish law. The Offer is not directed towards
any person  in  those  countries  whose  participation  requires  any
additional prospectus,  registration  or  other  measure  than  those
required by Swedish law.

This press release is a  translation from the Swedish language  press
release. In  the  event  of any  discrepancies  between  the  Swedish
version and the English version, the Swedish version shall prevail.

    Kinnevik and Vostok Nafta complete the Offer for Kontakt East
        More than 97 percent of the shares have been tendered

Stockholm, 25  June 2008 - On  26 May  2008, Investment  AB  Kinnevik
(publ) ("Kinnevik") and Vostok Nafta Investment Ltd. ("Vostok Nafta")
(jointly, the "Bidders"), through their jointly owned Swedish company
Vosvik AB, registration number  556757-1095 ("Vosvik"), announced  an
offer for all the shares in Kontakt East Holding AB (publ)  ("Kontakt
East") at a price of  SEK 35 in cash for  each share in Kontakt  East
(the "Offer").

The acceptance period  for the Offer  expired on 24  June 2008.  More
than 97 percent of  the total number of  shares and votes in  Kontakt
East have  been tendered  in  the Offer.  Vosvik declares  the  Offer
unconditional and announces that it will be completed.

Further information in connection with the Offer, including the final
number of shares tendered in the Offer will be published shortly.

For further information, please contact:

Mia Brunell Livfors, CEO and President Investment AB Kinnevik (publ)
Phone +46 (0)8 562 000 00, Fax +46 (0)8 20 37 74

Torun Litzén, Director of Investor Relations Investment AB Kinnevik
(publ)
Phone +46 (0)8 562 000 83, Mobile +46 70 762 00 83, Fax +46 (0)8 20
37 74
Box 2094, SE-103 13 Stockholm, Sweden, visiting address: Skeppsbron
18

Investment AB Kinnevik (publ)'s objective is to increase  shareholder
value, primarily  through  net  asset  value  growth.  The  company's
operations include three comprehensive  business areas; Major  Listed
Holdings  which  includes  Millicom  International  Cellular,  Tele2,
Modern Times Group MTG,  Metro International and Transcom  WorldWide,
Major Unlisted  Holdings which  includes  the cartonboard  and  paper
company Korsnäs,  and New  Ventures which  is active  in finding  new
investments in small and mid sized companies which has a  significant
growth potential. Kinnevik plays an active role on the Boards of  its
holdings.

Kinnevik is domiciled in Stockholm. The Kinnevik class A and class  B
shares are  listed  on  OMX  Nordic  Exchange  Stockholm,  Large  Cap
segment, within  the financial  and real  estate sector.  The  ticker
codes are KINV A and KINV B.

Attachments

Press Release pdf