Kinnevik

The Extraordinary General Meeting is held to resolve on the Nomination Committee's proposal to elect Hans Ploos van Amstel and Jan Berntsson as new members of the Kinnevik Board. The Board further proposes that the Extraordinary General Meeting resolves to authorise the Board to issue and repurchase ordinary shares. Kinnevik's strategic transformation to a growth-focused and predominantly private portfolio was completed with the divestment of its shareholding in Tele2 during 2024. As Kinnevik enters this new phase, the Board considers new share issues and repurchases to be potentially valuable tools in Kinnevik's future capital allocation and adjustment of its capital structure to promote value creation for its long-term shareholders over the coming years. The notice document, including the Board's and the Nomination Committee's complete proposals, is attached to this press release. The notice document is also available on Kinnevik's website at www.kinnevik.com under the heading "Governance" (which can be found under the section "Investor relations").

Participation

Shareholders who wish to participate in the Extraordinary General Meeting shall be recorded as a shareholder in the presentation of the share register prepared by Euroclear Sweden AB concerning the circumstances on Monday 2 December 2024, and give notice of participation no later than Wednesday 4 December 2024.

Participation at the meeting venue

Shareholders who wish to attend the meeting venue in person or by proxy must give notice of participation to Kinnevik no later than Wednesday 4 December 2024. Notice of participation may be given via Euroclear Sweden AB's website at https://anmalan.vpc.se/euroclearproxy, by telephone to +46 (0) 8 402 91 36, or by post to Kinnevik AB, "EGM", c/o Euroclear Sweden AB, P.O. Box 191, SE-101 23 Stockholm, Sweden. Shareholders shall in their notice of participation state their name, personal identification number or company registration number, address, phone number and advisors, if applicable.

If the shareholder is represented by proxy at the meeting venue, a written and dated power of attorney and registration certificate or a corresponding document for a legal entity should be sent to the address above well before the Extraordinary General Meeting. A template proxy form is available on Kinnevik's website at www.kinnevik.com under the heading "Governance" (which can be found under the section "Investor relations").

Participation by postal voting

Shareholders who wish to participate in the Extraordinary General Meeting by postal voting must give notice of participation by casting their postal vote so that it is received by Euroclear Sweden AB no later than Wednesday 4 December 2024. A special form shall be used for postal voting, available on Kinnevik's website at www.kinnevik.com under the heading "Governance" (which can be found under the section "Investor relations").

The postal voting form can be submitted either by email to GeneralMeetingService@euroclear.com, or by post to Kinnevik AB, "EGM", c/o Euroclear Sweden AB, P.O. Box 191, SE-101 23 Stockholm, Sweden. Shareholders may also cast their postal votes electronically through BankID verification via Euroclear Sweden AB's website at https://anmalan.vpc.se/euroclearproxy.

If the shareholder postal votes by proxy, a written and dated a power of attorney shall be enclosed with the postal voting form. A template proxy form is available on Kinnevik's website at www.kinnevik.com under the heading "Governance" (which can be found under the section "Investor relations"). If the shareholder is a legal entity, a registration certificate or a corresponding document for the legal entity shall be enclosed with the postal voting form. Further instructions can be found on the postal voting form and on Euroclear Sweden AB's website at https://anmalan.vpc.se/euroclearproxy.

Nominee-registered shares

To be entitled to participate in the Extraordinary General Meeting, shareholders whose shares are registered in the names of nominees must, in addition to giving notice of participation, re-register such shares in their own name so that the shareholder is recorded in the presentation of the share register as of Monday 2 December 2024. Such re-registration may be temporary (voting rights registration) and can be requested from the nominee in accordance with the nominee's procedures in such time in advance as the nominee determines. Voting rights registrations effected by the nominee no later than Wednesday 4 December 2024 will be considered in the presentation of the share register.

Proposed agenda

The Board proposes the following agenda to the Extraordinary General Meeting:

1. Opening of the Extraordinary General Meeting.
2. Election of Chair of the Extraordinary 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 Extraordinary General Meeting has been duly convened.
7. Determination of the number of members of the Board.
8. Election of new Board members:
   1. Hans Ploos van Amstel (new election, proposed by the Nomination Committee); and
   2. Jan Berntsson (new election, proposed by the Nomination Committee).
9. Determination of remuneration to the new members of the Board.
10. Resolution regarding authorisation for the Board to resolve to issue new Class A and Class B shares.
11. Resolution regarding authorisation for the Board to resolve on repurchase of own Class A and Class B shares.
12. Closing of the Extraordinary General Meeting.