Notice to attend the Extraordinary General Meeting of Kinnevik to approve an extraordinary cash value transfer of SEK 7.00 per share

The shareholders of Kinnevik AB (publ) (”Kinnevik”) are hereby invited to an Extraordinary General Meeting on Wednesday 19 August 2020 at 10:00 CEST at Convendum, Regeringsgatan 30 in Stockholm. Registration for the Extraordinary General Meeting will commence at 9:30 CEST.

The Extraordinary General Meeting will be held to resolve on the Board’s proposal regarding an extraordinary cash value transfer of SEK 7.00 per share to holders of ordinary shares (i.e. holders of Class A shares and Class B shares) in Kinnevik which is expected to be paid out to shareholders around 17 September 2020. The Board’s proposal is a result of Kinnevik's divestment of 11.25 million shares in Zalando, as announced by Kinnevik on 15 June 2020. The extraordinary cash value transfer is proposed to be made through a share redemption plan.

Each ordinary share in Kinnevik (irrespective of share class) will entitle to one (1) redemption share, and each redemption share will entitle to a redemption amount of SEK 7.00 per share. The Board shall be authorised to set the record dates for the right to receive redemption shares and for the right to receive the redemption amount. The estimated record date for the right to receive redemption shares is 26 August 2020. Based on the estimated record date, the redemption shares will be traded on Nasdaq Stockholm from and including 27 August 2020 to and including 10 September 2020, and will thereafter automatically be redeemed by Kinnevik. The redemption amount is estimated to be paid out to holders of redemption shares as of 14 September 2020, and will be distributed to the yield account linked to shareholders' securities accounts, nominee accounts or equivalent around 17 September 2020.

The notice, including the Board’s complete proposals and documentation for the Extraordinary General Meeting, is attached to this press release. The notice is also available on Kinnevik’s website at www.kinnevik.com under the heading “General Meetings” (which can be found under the section “Governance”), where also an information brochure regarding the share redemption plan will be made available no later than 5 August 2020.

Participation

Shareholders who wish to participate in the Extraordinary General Meeting shall be recorded in the share register maintained by Euroclear Sweden on Thursday 13 August 2020, and give notice to attend no later than Thursday 13 August 2020.

Notice to attend can be made on Kinnevik’s website www.kinnevik.com under the heading ”General Meetings” (which can be found under the section ”Governance”), by telephone to [phone] or by post by sending a letter to Kinnevik AB, ”EGM”, c/o Euroclear Sweden AB, P.O. Box 191, SE-101 23 Stockholm, Sweden. Shareholders shall in their notice to attend state their name, personal identification number or company registration number, address, phone number and advisors, if applicable.