Kinnevik Results Presentation Deck

Intro • The Future of Work The rapid digitalization of workplaces that occurred due to the Covid-19 pandemic accelerated a trend that we had monitored for some time, where employees were demanding more out of their employers, influenced by the customer experience users have grown accustomed to by consumer-facing digital platforms. Our investment thesis in the space is anchored around three key elements that we believe will be enduring: the roll-out of new technologies and increased digitalisation; the mainstream acceptance of remote working and the ongoing relevance of gig jobs; and • the war on talent and shift in expectations for company- provided benefits and social security. Over the last four months, Kinnevik has invested in all three of these trends. Last year, we invested in Jobandtalent, the leading digital challenger in the temporary staffing sector. This quarter, Omnipresent and SafetyWing are two new investments that ride, drive and build on these trends with their innovative service offerings. ● ● Net Asset Value Omnipresent provides an end-to-end service to support and guide businesses hiring talent globally. Where Omnipresent sets itself apart is its expert understanding of local differences in a globalized world. We have seen the benefits of its platform first- hand - companies are scaling their operations into new markets in ways they simply could not achieve without Omnipresent's support. The business model is differentiated, and we believe the team that co-founders Mathew and Guenther have built is uniquely strong and can deliver on the vast market opportunity. SafetyWing's vision is to build a global social safety net, ma- king equal opportunities and freedom for everyone attainable worldwide. The company's unique global travel and health in- surance plan helps firms set themselves apart by offering better benefits to remote workforces. We have been very impressed with their strong team and company culture, and look forward to support co-founders Sondre, Sarah and Hans on their continued growth journey. KINNEVIK Interim Report - Q1 2022 Portfolio Overview Sustainability 8.1bn Kinnevik's net cash position pro forma the upcoming Tele2 dividends The investment environment tilting in favour of our competitive advantage and active approach to investment and ownership coincides with our financial position being historically strong. Financial Statements Other Leading the way in Diversity & Inclusion In March, Kinnevik ranked first in the VC category of "Equality Group's Equality, Diversity and Inclusion ("D&I") 2022 Private Equity & Venture Capital Index". The index ranks over 300 busi- nesses across the PE and VC industries on their equality, diversity, and inclusion performance across six categories: leadership, actions and policies, work-life balance, inclusive team, explicit D&I support, and additional public information. While we are proud of this achievement, we are not satisfied, and we remain committed to our D&l strategy and the updated set of D&l targets we communicated earlier this year. We continue to challenge our own and others' non-inclusive and biased norms by proactively changing our behaviours and making D&l an integral part of our culture, leadership and investment process. Concluding Remarks The war in Ukraine is a humbling reminder of the fragility of peace and dramatically reduces the importance of financial returns. Navigating the current market environment is challen- ging, but with our long-term horizon, broad portfolio of growth companies and solid financial position, we stand strong despite the current uncertainty. Challenging times often spur innovation, and thanks to our strong market position we are ready to support founders who are building transformative digital companies that make people's lives better. Despite the new macropolitical and financial realities, it is our firm belief that quality companies with innovative customer propositions and strong traction will con- tinue to grow and create value. In May, we will host our Annual General Meeting, and I look forward to welcoming shareholders in person for the first time in three years. Georgi Ganev CEO of Kinnevik 5

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