RECLASSIFICATION OF CLASS A SHARES TO CLASS B SHARES IN INVESTMENT AB KINNEVIK

RECLASSIFICATION OF CLASS A SHARES TO CLASS B SHARES IN INVESTMENT AB
KINNEVIK

In accordance with the proposal on reclassification, approved by  the
Annual General Meeting held on 15 May this year, owners of  1,531,726
Class A  shares  in  Investment  AB  Kinnevik  (publ)  have  required
reclassification  of  Class  A  shares  to  Class  B  shares.   After
reclassification, which has  been registered at  the Swedish  Company
Registration Office, the number of  Class A shares is 48,665,324  and
the number of Class B shares is 215,316,606. The difference of number
of votes per share between Class A shares and Class B shares is 10:1.
The total  amount of  votes  in Kinnevik  is 701,969,846.  The  total
number of shares after reclassification is unchanged at 263,981,930.

For further information, visit www.kinnevik.se or contact:

Torun Litzén, Director of Investor Relations  Phone +46 (0)8 562 000
Investment AB Kinnevik (publ)                 83
                                              Mobile +46 (0)70 762 00
                                              83


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 with  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.