Kinnevik : Notice to attend the Annual General Meeting on Monday 13 May 2013

 Kinnevik : Notice to attend the Annual General Meeting on Monday 13 May 2013

The Shareholders of Investment AB Kinnevik (publ) are hereby invited to the
Annual General Meeting on Monday 13 May 2013 at 10.00 a.m. CET at the Hotel
Rival, Mariatorget 3 in Stockholm.

NOTIFICATION ETC.

Shareholders who wish to attend the Annual General Meeting shall

·  be entered in the share register maintained by Euroclear Sweden AB on
Monday 6 May 2013,

·  give notice of their attendance no later than on Monday 6 May 2013. The
notification may be submitted on the Company's website at www.kinnevik.se, by
telephone to +46 (0)771 246400 or in writing to the address Investment AB
Kinnevik, c/o ComputershareAB, P.O. Box 610, SE-182 16 Danderyd, Sweden.

The notification should state the shareholder's name, and in addition thereto
should the shareholder's personal identification number / company registration
number, address, telephone number, number of shares represented and advisors
(not more than two), if applicable, be stated. Shareholders whose shares are
registered in the names of nominees must temporarily re-register the shares in
their own name in order to be entitled to attend the Annual General Meeting.
Shareholders who wish to make such re-registration must inform the nominees
well before Monday 6 May 2013. Shareholders represented by proxy or a
representative should send a power of attorney, certificate of registration or
other documents of authorisation to Kinnevik at the address above well before
the Annual General Meeting, and preferably not later than on Monday 6 May
2013. A template proxy form is available on the Company's website
www.kinnevik.se. Shareholders cannot vote or, in other way, attend the Annual
General Meeting on distance.

PROPOSED AGENDA

1. Opening of the Annual General Meeting.

2. Election of Chairman of the Annual General Meeting.

3. Preparation and approval of the voting list.

4. Approval of the agenda.

5. Election of one or two persons to check and verify the minutes.

6. Determination of whether the Annual General Meeting has been duly convened.

7. Remarks by the Chairman of the Board.

8. Presentation by the Chief Executive Officer.

9.Presentation of the Annual Report and the Auditor's Report and of the Group
Annual Report and the Group Auditor's Report.

10. Resolution on the adoption of the Profit and Loss Statement and the
Balance Sheet and of the Group Profit and Loss Statement and the Group Balance
Sheet.

11. Resolution on the proposed treatment of the Company's earnings as stated
in the adopted Balance Sheet.

12. Resolution on the discharge of liability of the directors of the Board and
the Chief Executive Officer.

13. Determination of the number of directors of the Board.

14. Determination of the remuneration to the directors of the Board and the
auditor.

15. Election of the directors of the Board and the Chairman of the Board.

16. Election of auditor.

17. Approval of the procedure of the Nomination Committee.

18. Resolution regarding guidelines for remuneration to senior executives.

19. Resolution regarding incentive programme comprising the following
resolutions:

(a) adoption of an incentive programme;

(b) authorisation for the Board to resolve on new issue of C-shares;

(c) authorisation for the Board to resolve to repurchase own C-shares; and

(d) transfer of B-shares.

20. Resolution to authorise the Board to resolve on repurchase of own shares.

21. Shareholder Thorwald Arvidsson's proposals for resolution (item (a)-(e)).

22. Shareholder Daniel Swärd's proposals for resolution (item (a)-(l)).

23. Closing of the Annual General Meeting.

RESOLUTIONS PROPOSED BY THE NOMINATION COMMITTEE

Election of Chairman of the Annual General Meeting (item 2)

The Nomination Committee proposes that Wilhelm Lüning, member of the Swedish
Bar Association, is elected to be the Chairman of the Annual General Meeting.

Determination of the number of directors of the Board and election of the
directors of the Board and the Chairman of the Board (items 13 and 15)

The Nomination  Committee  proposes that  the  Board shall  consist  of  eight 
directors.

The Nomination Committee proposes that  the Annual General Meeting shall,  for 
the period until the  close of the next  Annual General Meeting, re-elect  Tom 
Boardman,  Vigo  Carlund,  Dame   Amelia  Fawcett,  Wilhelm  Klingspor,   Erik 
Mitteregger, Allen Sangines-Krause and Cristina  Stenbeck as directors of  the 
Board and to elect Lorenzo Grabau as new director of the Board.

The Nomination  Committee  proposes  that the  Annual  General  Meeting  shall 
re-elect Cristina Stenbeck as Chairman of the Board.

The  Nomination  Committee's  motivated  statement  explaining  its  proposals 
regarding the Board, and information about the proposed directors of the Board
are available on the Company's website at www.kinnevik.se.

Determination of the remuneration to the Directors of the Board and the
auditor (item 14)

The Nomination Committee proposes that the Annual General Meeting resolves  to 
increase the individual Board members' remuneration. The Nomination  Committee 
proposes that SEK 2,000,000  (2012: SEK 1,050,000) is  to be allocated to  the 
Chairman of the Board, SEK  500,000 (2012: SEK 472,500)  to each of the  other 
directors of the Board and a total of SEK 584,000 (2012: SEK 525,000) for  the 
work in the committees  of the Board. The  Nomination Committee proposes  that 
for work within  the Audit  Committee SEK 158,000  shall be  allocated to  the 
Chairman and SEK 79,000 to  each of the other  three members. For work  within 
the Remuneration Committee SEK 75,000 shall  be allocated to the Chairman  and 
SEK 38,000 to each of the other three members. This will result in an increase
of the total remuneration to the directors of the Board, from SEK 4,410,000 to
SEK 6,084,000  for the  period until  the  close of  the next  Annual  General 
Meeting.

The Nomination Committee  proposes that  the Annual  General Meeting  resolves 
that the auditor shall be paid in accordance with approved invoices.

Election of auditor (item 16)

The Nomination Committee proposes that the Annual General Meeting shall  elect 
the registered accounting firm Deloitte AB as new auditor for the period until
the close  of the  Annual General  Meeting 2017  (i.e. the  auditor's term  of 
office shall be four  years). Deloitte AB will  appoint the authorised  public 
accountant Jan Berntsson as auditor-in-charge.

Approval of the procedure of the Nomination Committee (item 17)

The Nomination Committee proposes that the work of preparing proposals to  the 
2014 Annual General Meeting regarding the Board and auditor, in the case  that 
an auditor should be elected, and  their remuneration, Chairman of the  Annual 
General Meeting  and  the procedure  for  the Nomination  Committee  shall  be 
performed by a Nomination Committee.

The Nomination Committee will  be formed during  October 2013 in  consultation 
with the largest  shareholders of the  Company as per  30 September 2013.  The 
Nomination Committee will consist of at  least three members appointed by  the 
largest shareholders of the Company, (that  have wished to appoint a  member). 
Cristina Stenbeck will be a member of  the Committee and will also act as  its 
convenor. The members of the Committee will appoint the Committee Chairman  at 
their first meeting.

The Nomination Committee is appointed for  a term of office commencing at  the 
time of  the announcement  of the  interim  report for  the period  January  - 
September 2013 and  ending when  a new Nomination  Committee is  formed. If  a 
member resigns during the Committee term, the Nomination Committee can  choose 
to appoint a new member. The  shareholder that appointed the resigning  member 
shall be asked to appoint a new member, provided that the shareholder still is
one of the largest shareholders in  the Company. If that shareholder  declines 
participation on the Nomination Committee, the Committee can choose to ask the
next largest  qualified  shareholder  to participate.  If  a  large  qualified 
shareholder reduces its  ownership, the  Committee can choose  to appoint  the 
next largest  shareholder to  join.  In all  cases, the  Nomination  Committee 
reserves the right to reduce its membership  as long as the number of  members 
remains at least three.

The Nomination  Committee  shall  have  the  right  to  upon  request  receive 
personnel resources  such as  secretarial services  from the  Company, and  to 
charge the Company with costs  for recruitment consultants and related  travel 
if deemed necessary.

RESOLUTIONS PROPOSED BY THE BOARD

Dividend (item 11)

The Board proposes a dividend of SEK 6.50 per share. The record date is
proposed to be on Thursday 16 May 2013. The dividend is estimated to be paid
out to the shareholders on Wednesday 22 May 2013.

A reasoned statement from the Board, pursuant to Ch 18 Sec 4 of the Swedish
Companies Act, with respect to the proposed dividend is available on the
Company's website at www.kinnevik.se, at the Company's office at Skeppsbron 18
in Stockholm and will be sent to those shareholders who so request and state
their postal address or email address.

Guidelines for remuneration to senior executives (item 18)

The Board  proposes that  the Annual  General Meeting  resolves to  adopt  the 
following guidelines for remuneration to senior executives. Senior  executives 
covered include  the Chief  Executive Officer  and the  other persons  in  the 
executive  management  of  Kinnevik  (the  "Senior  Executives")  as  well  as 
directors of  the Board  to  the extent  they  are remunerated  outside  their 
Directorship. At  present the  number of  Senior Executives  amounts to  seven 
individuals.

The objectives of Kinnevik's remuneration guidelines are to offer  competitive 
remuneration packages to attract, motivate  and retain key employees. The  aim 
is to create incentives for the  Senior Executives to execute strategic  plans 
and deliver excellent operating results and to align their incentives with the
interests of the shareholders.

The remuneration  to  the Senior  Executives  shall consist  of  annual  fixed 
salary, short-term variable remuneration paid  in cash (STI), the  possibility 
to participate in  a long-term  incentive programme (LTI),  pension and  other 
customary benefits.

·The fixed  salary  is  revised  each  year  and  based  on  the  executive's 
competence and area of responsibility.

·The STI targets shall  be based on performance  in relation to  established 
targets. The targets shall be individual  and measurable as well as linked  to 
specific performances, processes  and transactions.  The STI can  amount to  a 
maximum of 75 percent of the fixed salary.

·Long-term incentive  programmes shall  be linked  to certain  pre-determined 
financial and  share  price  related performance  criteria  and  shall  ensure 
long-term commitment to the development of the Company.

·Other benefits may include a  company car, housing benefits for  expatriated 
Senior Executives for  a limited  period of time  as well  as other  customary 
benefits. Other benefits shall not constitute a significant part of the  total 
remuneration.  The  Senior  Executives  may   also  be  offered  health   care 
insurances.

·The Senior Executives are offered  defined contribution pension plans,  with 
premiums amounting to a  maximum of 30  percent of the  fixed salary that  are 
paid to insurance companies.

·In the event  of notice  of termination of  employment being  served by  the 
Company, the Chief Executive Officer is entitled to salary during a period  of 
a maximum of 18 months and the other Senior Executives are entitled to  salary 
during a period of maximum 12 months.

Board Members, elected at General Meetings, may in certain cases receive a fee
for services performed within their respective areas of expertise, outside  of 
their Board duties. Compensation  for these services shall  be paid at  market 
terms and be approved by the Board.

In special circumstances, the Board may deviate from the above guidelines.  In 
such case, the  Board is  obligated to  give account  for the  reason for  the 
deviation at the following Annual General Meeting.

For further information regarding the existing guidelines and remuneration for
the Senior Executives  in respect  of 2012, please  refer to  the 2012  Annual 
Repoet, note 29 for the Group.

In accordance with the Swedish Corporate Governance Code, the Remuneration
Committee within the Board monitors and evaluates the application of the
guidelines for remuneration to the senior executives that the Annual General
Meeting has resolved on. The Company's auditor has, in accordance with Ch 8
Sec 54 of the Swedish Companies Act, provided a statement with respect to
whether there has been compliance with the applicable guidelines during 2012.
The evaluation and the auditor's review has resulted in the conclusion that
the guidelines resolved on by the Annual General Meeting have been followed by
Kinnevik during 2012.

The Auditor's statement and the Board's report of the result of the
Remuneration Committee's evaluation are available on the Company's website at
www.kinnevik.se, at the Company's office at Skeppsbron 18 in Stockholm and
will be sent to those shareholders who so request and state their postal
address or email address.

Incentive programme (item 19)

The Board proposes that the Annual General Meeting resolves to adopt a
performance-based incentive programme for senior executives (not referring to
directors of the Board) and other key employees within the Kinnevik Group in
accordance with items 19(a)-19(d) below. All resolutions are conditional upon
each other and it is therefore proposed that all of these proposals shall be
adopted as one resolution.

Adoption of an incentive programme (item 19(a))

Summary of the programme

The Board proposes that the Annual General Meeting resolves to adopt a
performance based incentive plan (the "Plan"), with the same structure as the
plan that was adopted last year. The Plan is proposed to include in total a
maximum of 30 senior executives and other key employees within the Group.

Personal investment

In order to participate in the Plan, the employees must own shares in Kinnevik
and allocate shares within the Plan. These shares can either be shares in
Kinnevik already held (which are not already allocated to on-going incentive
programmes) or shares acquired on the market in connection with the
notification to participate in the Plan. If the participant has inside
information which prevents him/her from purchasing Kinnevik shares in
connection with the notification to participate in the Plan the shares shall
be purchased as soon as possible, but prior to the next Annual General
Meeting.

For each share held by the participant under the Plan, Kinnevik will allot
retention share rights and performance share rights, free of charge, to the
participant.

General conditions

If certain retention and performance based conditions during the period
1April2013 - 31 March 2016 (the "Measurement Period") have been achieved,
the participant is, with certain exceptions, still employed by Kinnevik, or a
thereto associated company, and the participant has maintained the personal
investment of shares allocated to the Plan throughout the vesting period
ending at the release of the interim report for the period January - March
2016, then each share right entitles the participant to receive one Kinnevik
B-share free of charge.

Dividends paid on the Kinnevik share will increase the number of shares that
each retention share right and performance share right entitles to, in order
to align the participants' and the shareholders' interests.

Performance conditions

The share rights are divided into Series A; retention share rights and Series
B and C; performance share rights. The number of shares that each participant
will receive depends on which category the participant belongs to and on the
fulfilment of the following defined retention and performance based
conditions:

Series A  Kinnevik's total  return on  the B-share  (TSR) during  the 
Measurement Period exceeding 0 percent as entry level.

Series B Kinnevik's average annual total return on the B-share  (TSR) 
during the Measurement Period exceeding  the SIX Return Index ("SIXRX")  based 
on the  total  shareholder  return  on companies  listed  on  the  NASDAQ  OMX 
Stockholm with 2 percentage points as  entry level and exceeding SIXRX with  7 
percentage points as the stretch target.

Series  C  Average  net   asset  development,  calculated   including 
dividends, (excluding  the  listed  holdings  in  BillerudKorsnäs  AB  (publ), 
Millicom International Cellular  S.A., Modern  Times Group MTG  AB (publ)  and 
Tele2 AB (publ)) during the Measurement Period being 15 percent as entry level
and 25 percent as the stretch target.

The determined levels of the conditions are divided into an entry level and a
stretch target with a linear interpolation applied between those levels as
regards the number of share rights that vests. The entry level constitutes the
minimum level which must be reached in order to enable vesting of the share
rights in that series. If the entry level is reached, the number of share
rights that vests is proposed to be 100percent for Series A and 20 percent
for Series B and C. If the stretch target is met all share rights vest in that
series. If the entry level is not reached all share rights in that series
lapse. The Board intends to disclose the outcome of the retention and
performance based conditions in the Annual Report of 2016.

The share rights

The share rights shall be governed by the following terms and conditions:

·Allotted free of charge after the Annual General Meeting 2013.

·May not be transferred or pledged.

·Shares are allotted after the release of the interim report for the period
January - March 2016.

·Dividends paid on the Kinnevik share will increase the number of shares that
each retention share right and performance share right entitles to, in order
to align the participants' and shareholders' interests.

·Allotment of shares requires that the participant is, with certain
exceptions, still employed by Kinnevik, or a thereto associated company, and
has maintained the personal investment of allocated shares throughout the
vesting period ending at the release of the interim report for the period
January - March 2016 as well as that the relevant performance condition for
the share right has been achieved.

Preparation and administration

The Board, or the Remuneration Committee, shall be responsible for preparing
the detailed terms and conditions of the Plan, in accordance with the
mentioned terms and guidelines. In connection therewith, the Board shall be
entitled to make adjustments to meet foreign regulations or market conditions
and in connection with delivery of shares to participants in Sweden instead
offer cash-settlement in order to cover the participant's taxation costs upon
vesting. The Board may also make other adjustments, including e.g. a right to
resolve on a reduced allotment of shares, if material changes would occur
within the Kinnevik Group or on the market that, according to the Board's
assessment, would lead to that the resolved terms and conditions for allotment
of shares under the Plan no longer fulfils the main objectives.

Allocation

In total, the Plan is estimated to comprise up to 31,600 shares allocated by
the participants entitling up to 162,400 share rights, of which 31,600 are
retention share rights and 130,800 are performance share rights. In accordance
with the above principles and assumptions, the Plan will comprise the
following number of invested shares and maximum number of share rights for the
different categories:

·the Chief Executive Officer of Kinnevik can allocate up to 4,000 shares to
the Plan. Each allocated share entitling to allotment of 1 Series A share
right, 2.5 Series B share rights and 3.5 Series C share rights, a total of 7
share rights for each share allocated to the Plan;

·Four key employees in Kinnevik can allocate up to 2,000 shares to the Plan.
Each allocated share entitling to allotment of 1 Series A share right, 1.5
Series B share rights and 3 Series C share rights, a total of 5.5 share rights
for each share allocated to the Plan;

·Four key employees in Kinnevik can allocate up to 1,500 shares to the Plan.
Each allocated share entitling to allotment of 1 Series A share right, 1.5
Series B share rights and 3 Series C share rights, a total of 5.5 share rights
for each share allocated to the Plan;

·Five key employees of Kinnevik can allocate up to 700 shares to the Plan.
Each allocated share entitling to allotment of 1 Series A share right and 1.5
share rights each of Series B and C, a total of 4 share rights for each share
allocated to the Plan;

·Eight key employees of Kinnevik can allocate up to 400 shares to the Plan.
Each allocated share entitling to allotment of 1 Series A share right and 1.5
share rights each of Series B and C, a total of 4 share rights for each share
allocated to the Plan;

·One (1) key employee in Metro can allocate up to 2,000 shares to the Plan.
Each allocated share entitling to allotment of 1 Series A share right, 1.5
Series B share rights and 3 Series C share rights, a total of 5.5 share rights
for each share allocated to the Plan; and

·Seven key employees in Metro can allocate up to 700 shares to the Plan. Each
allocated share entitling to allotment of 1 Series A share right and 1.5 share
rights each of Series B and C,
a total of 4 share rights for each share allocated to the Plan.

Scope and costs of the Plan and effects on important key ratios

The Plan will be accounted for in accordance with IFRS 2 which stipulates that
the share rights should be recorded as a personnel expense in the income
statement during the vesting period. Based on the assumptions of a share price
of SEK 157.90 (closing share price of the Kinnevik B-share on 28 March 2013),
a maximum participation, an annual employee turnover of 10 percent, an average
fulfilment of performance conditions of approximately 50 percent, and full
vesting of retention share rights, the cost for the Plan, excluding social
security costs, is estimated to approximately SEK 10.3 million. The cost will
be allocated over the years 2013 - 2016.

The estimated social security costs will also be recorded as a personnel
expense in the income statement by current provisions. The social security
costs are estimated at around SEK 5.0 million with the assumptions set out
above and an average social security tax rate of approximately 31 percent and
an annual share price increase of 10 percent per underlying Kinnevik B-share
during the vesting period.

Recalculation of final allotments of shares to the participants shall take
place in the event of an intervening bonus issue, reversed split, split,
rights issue and/or other similar events.

The participant's maximum profit per share right in the Plan is limited to SEK
729 per share right (including possible compensation that the participants
receive for dividends to the shareholders), which corresponds to approximately
five times average closing share price of the Kinnevik B-share during February
2013. If the value of the Kinnevik B-share at vesting exceeds SEK 729, the
number of shares each share right entitles the participant to receive will be
reduced accordingly.

The maximum dilution is no more than 0.07 percent in terms of shares
outstanding, 0.03 percent in terms of votes and 0.02 percent in terms of costs
for the Plan as defined in IFRS 2 in relation to Kinnevik's market
capitalisation.

If the maximum profit of SEK 729 per share right is reached, all invested
shares remain in the Plan and a fulfilment of the performance conditions of
100 percent, the maximum cost of the Plan as defined in IFRS 2 is
approximately SEK 18.9 million and the maximum social security cost is
approximately SEK 37.2 million.

The costs and dilution are expected to have marginal effect on key ratios of
the Kinnevik Group.

Delivery of shares under the Plan

To ensure the delivery of B-shares to the participants under the Plan, the
Board proposes that the Annual General Meeting authorises the Board to resolve
on a directed new issue of 185,000 C-shares to Nordea Bank AB (publ) in
accordance with item 19(b), and authorises the Board to subsequently resolve
to repurchase the C-shares from Nordea Bank AB (publ) in accordance with item
19(c).

The rationale for the proposal

The objective of the Plan is to create conditions for recruiting and retaining
employees in the Group. The Plan has been designed based on the view that it
is desirable that senior executives and other key employees within the Group
are shareholders. Participation in the Plan requires a personal investment in
Kinnevik shares, be it shares already held or shares purchased on the market
in connection with the Plan. Linking the employees' remuneration to Kinnevik's
result and value creation will promote continued loyalty to Kinnevik and
thereby long-term value creation in Kinnevik. Against this background, the
Board is of the opinion that the adoption of the Plan as set out above will
have a positive effect on Kinnevik's future development and thus be beneficial
for both Kinnevik and its shareholders.

Preparation of the proposal

Kinnevik's Remuneration Committee has prepared this Plan in consultation with
external advisors and major shareholders. The Plan has been reviewed at
meetings of the Board during the end of 2012 and the first months of 2013.

The above proposal is supported by major shareholders in Kinnevik.

Information regarding other incentive programmes in Kinnevik

For senior executives and other key employees in Kinnevik there are currently
three long-term incentive plans (the "Plans"). The Plans cover the periods 1
April 2010 - 31 March 2013, 1 April 2011 - 31 March 2014 and 1 April 2012 - 31
March 2015, and allotment of shares within the Plans are executed after the
publication of Kinnevik's interim reports for January - March 2013, January -
March 2014 and January - March 2015 respectively. For further information
regarding the Plans such as terms and conditions, participation ratio, number
of issued and outstanding instruments etc. please refer to the Annual Report
2012, note 29, for the Group, and Kinnevik's website at www.kinnevik.se.

Authorisation for the Board to resolve on a new issue of C-shares (item 19(b))

The Board proposes that the Annual General Meeting resolves to authorise the
Board, during the period until the next Annual General Meeting, to increase
Kinnevik's share capital by not more than SEK 18,500 by the new issue of not
more than 185,000 C-shares, each with a ratio value of SEK 0.10. With
deviation of the shareholders' preferential rights, Nordea Bank AB (publ)
shall be entitled to subscribe for the new C-shares at a subscription price
corresponding to the ratio value of the shares. The purpose of the
authorisation and the reason for deviating from the shareholders' preferential
rights in the new issue of shares is to ensure delivery of B-shares to
participants under the Plan.

Authorisation for the Board to resolve to repurchase own C-shares (item 19(c))

The Board proposes that the Annual General Meeting resolves to authorise the
Board, during the period until the next Annual General Meeting, to repurchase
its own C-shares. The repurchase may only be effected through an offer
directed to all holders of C-shares and shall comprise all outstanding
C-shares. The purchase may be effected at a purchase price corresponding to
not less than SEK 0.10 and not more than SEK 0.11 per share. Payment for the
C-shares shall be made in cash. The purpose of the repurchase is to ensure the
delivery of B-shares under the Plan.

A reasoned statement from the Board, pursuant to Ch 19 Sec 22 of the Swedish
Companies Act, with respect to the proposed repurchase of own C-shares in
order to ensure delivery of B-shares under the Plan is available on the
Company's website at www.kinnevik.se, at the Company's office at Skeppsbron 18
in Stockholm and will be sent to those shareholders who so request and state
their postal address or email address.

Transfer of B-shares (item 19(d))

The Board proposes that the Annual General Meeting resolves that C-shares held
by Kinnevik after reclassification into B-shares may be transferred, free of
charge, to the participants in accordance with the terms and conditions of the
Plan.

The number of the shares that may be transferred to the participants shall be
subject to recalculation in the event of an intervening bonus issue, reversed
split, split, rights issue and/or other similar events.

Authorisation for the Board to resolve on repurchase of own shares (item 20)

The Board proposes that the Annual General Meeting authorises the Board to
pass a resolution on repurchasing the Company's own shares if the purpose is
to retire shares through a decrease of the share capital in accordance with
the following conditions:

1.The repurchase of A-shares and/or B-shares shall take place on the NASDAQ
OMX Stockholm in accordance with the rules regarding purchase and sale of own
shares as set out by NASDAQ OMX Stockholm.

2.The repurchase of A-shares and/or B-shares may take place on one or more
occasions for the period up until the next Annual General Meeting.

3.So many A-shares and/or B-shares may, at the most, be repurchased so that
the Company's holding does not at any time exceed 10 percent of the total
number of shares in the Company.

4.The repurchase of A-shares and/or B-shares at the NASDAQ OMX Stockholm may
occur at a price within the share price interval registered at that time,
where share price interval means the difference between the highest buying
price and lowest selling price.

5.It is the from time to time lowest-priced, available, shares that shall be
repurchased by the Company.

6.Payment for the shares shall be in cash.

The purpose of the authorisation is to give the Board flexibility to
continuously decide on changes to the capital structure during the year and
thereby contribute to increased shareholder value.

A reasoned statement from the Board, pursuant to Ch 19 Sec 22 of the Swedish
Companies Act, with respect to proposal to authorise the Board to resolve on
repurchase of own Class A shares and/or B shares is available on the Company's
website at www.kinnevik.se, at the Company's office at Skeppsbron 18 in
Stockholm and will be sent to those shareholders who so request and state
their postal address or email address.

RESOLUTIONS PROPOSED BY SHAREHOLDERS

The shareholder Thorwald Arvidsson's proposals (item 21)

The shareholder Thorwald Arvidsson proposes that the Annual General Meeting
resolves the following:

item 21(a)   "to instruct the Board to take appropriate actions in order
to establish a shareholders' association in the Company";

item 21(b)   "to instruct the Board to prepare a proposal for the Annual
General Meeting 2014 regarding Board representation for the small and mid-size
shareholders of the Company";

item 21(c)   "to instruct the Board to write to the Swedish government
with a request that an inquiry examination is established as soon as possible
with the instruction to present a law proposal to revoke the differences in
voting powers between shares in Swedish limited liability companies";

item 21(d)   "special examination regarding the Company's external and
internal entertainment"; and

item 21(e)   "to adopt a vision regarding gender equality on every level
in the Company" and "to instruct the Board to establish a working group
assigned to seek to implement this vision" as well as to "monitor the
development on the ethnicity area" and "account for its work at the Annual
General Meeting each year".

The shareholder Daniel Swärd's proposals (item 22)

The shareholder Daniel Swärd proposes that the Annual General Meeting resolves
the following:

item 22(a)   Examine to distribute the unlisted assets directly to the
shareholders.

item 22(b)   Examine the alternative to divide Kinnevik into two
companies: "Kinnevik Telecom" and "Kinnevik Retail".

item 22(c)   Examine the alternative to divide Kinnevik into two listed
companies: "Kinnevik listed" and "Kinnevik unlisted".

item 22(d)   Examine the the issue to make an extraordinary dividend of
SEK 10 and increase the debt ratio.

item 22(e)   Make a more long-term and more aggressive forecast for the
dividend in Kinnevik.

item 22(f)   Examine the alternative to repurchase large number of shares
without "cancelling them".

item 22(g)   Establish a team from the major investment companies in Sweden
which shall prepare proposals and measures in order to eliminate the
investment company discount in each company.

item 22(h)   Contact Warren Buffett for his advice on how Kinnevik shall
meet the future.

item 22(i)   Examine the alternative to make Kinnevik's Annual General
Meeting the largest annual general meeting in Sweden.

item 22(j)   Evaluate which shareholder benefits that can be offered from
subsidiaries and partly owned companies.

item 22(k)   Make a five item agenda with concrete measures to eliminate
Kinnesvik's investment company discount.

item 22(l)   Establish and write it down on paper that the investment
company discount, the billions in shareholder value that are lost, is
unacceptable, and establish the goal that the investment company discount
shall be turned into a premium.

Miscellaneous

Shares and votes

There are a total number of 277,583,190 shares in the Company, whereof
48,665,324 A-shares, 228,653,284 B-shares and 264,582 C-shares, corresponding
to a total of 715,571,106 votes. The Company currently holds 135,332 of its
own B-shares and 264,582 of its own C-shares corresponding to 399,914 votes
which cannot be represented at the Annual General Meeting.

Special majority requirements with respect to the proposed resolutions in
items 19, 20 and 21(d)

The resolutions under items 19(b), 19(c) and 20 are valid only if supported by
shareholders holding not less than two-thirds of both the votes cast and the
shares represented at the Annual General Meeting.

The resolution under item 19(d) is valid only if supported by shareholders
holding at least nine-tenths of both the votes cast and the shares represented
at the Annual General Meeting. Items 19(a)-19(d) are conditional upon each
other and are therefore proposed to be adopted as one resolution supported by
shareholders holding not less nine-tenths of both the votes cast and the
shares represented at the Annual General Meeting.

The resolution under item 21(d) is valid only if supported by shareholders
holding either at least one-tenth of all shares in the Company or at least
one-third of the shares represented at the Annual General Meeting.

Authorisation

The Board, or the person that the Board will appoint, is authorised to make
the minor adjustments in the resolutions by the Annual General Meeting
pursuant to item 19(b) as may be required in connection with registration at
the Companies Registration Office and Euroclear Sweden AB.

Documentation

The Annual Report, the reasoned statement of the Board pursuant to Ch 18  Sec 
4 and Ch  19 Sec  22 of  the Swedish  Companies Act,  the Auditor's  statement 
pursuant to Ch 8 Sec  54 of the Swedish Companies  Act, the Board's report  of 
the results  of  the  Remuneration Committee's  evaluation  according  to  the 
Swedish Code  of Corporate  Governance, the  Nomination Committee's  motivated 
statement explaining its proposals regarding the Board, information about  the 
proposed directors  of the  Board and  two letters  from shareholder  Thorwald 
Arvidsson and an email from the shareholder Daniel Swärd are available at  the 
Company's website www.kinnevik.se, at the Company's office at Skeppsbron 18 in
Stockholm and will  be sent  to those shareholders  who so  request and  state 
their postal address or email address.

The documentation can be ordered at +46 (0)771-246 400 or in under the address
Investment AB Kinnevik c/o Computershare AB, P.O. Box 610, SE-182 16 Danderyd,
Sweden.

Shareholders' right to request information

The Board and the Chief Executive Officer shall, if any shareholder so
requests and the Board believes that it can be done without material harm to
the Company, provide information regarding circumstances that may affect the
assessment of an item on the agenda, circumstances that can affect the
assessment of the Company's or its subsidiaries' financial situation and the
Company's relation to other companies within the group and the consolidated
accounts.



                            Stockholm, April 2013

                  THE BOARD OF INVESTMENT AB KINNEVIK (PUBL)

                                 ___________

Other information

Schedule for the Meeting:

The doors open for shareholders at 9.00 a.m. CET.

The Annual General Meeting commences at 10.00 a.m. CET.

Interpretation

The Annual General Meeting will mainly be held in Swedish. As a service to the
shareholders, simultaneous interpretation from Swedish to English as well as
from English to Swedish will be provided.

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

Torun Litzén, Director Investor Relations Phone +46 (0)8 562 000 83

                                          Mobile +46 (0)70 762 00 83

Kinnevik was founded in 1936 and thus embodies more than seventy-five years of
entrepreneurship under the same group of principal owners. Kinnevik's
objective is to increase shareholder value, primarily through net asset value
growth. The company's holdings of growth companies are focused around the
following business sectors; Telecom & Services, Online, Media, Paper &
Packaging, Microfinancing, and Agriculture & Renewable energy.

Kinnevik has a long history of investing in emerging markets which has
resulted in a considerable exposure to consumer sectors in these markets.
Kinnevik plays an active role on the Boards of its holdings.

The Kinnevik class A and class B shares are listed on NASDAQ OMX Stockholm's
list for Large Cap companies within the financial and real estate sector. The
ticker codes are KINV A and KINV B.

                                   ________

The information  is of  such character,  which Investment  AB Kinnevik  (publ) 
shall disclose in accordance with the Securities Market Act (2007:528)  and/or 
the law on Trading with Financial Instruments (1991:980). The information  was 
distributed for disclosure at 8.00 a.m. CET on Tuesday 9April2013.

Press release

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Source: Kinnevik via Thomson Reuters ONE
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