Kinnevik Results Presentation Deck

Intro . Net Asset Value sions. Solugen is a Houston-based company that aims to decarbonise the chemicals industry. Founded by Gaurab Chakrabarti and Sean Hunt in 2016, the company has de- veloped, and is now scaling, an industrial green chemicals platform that produces safer, cheaper, and more environ- mentally friendly chemical products from sugar rather than petroleum. Solugen is a global leader in clean chemistry, and we are very excited to be able to support this journey with our investment and partnership. In October, we invested EUR 25m into H2 Green Steel, the Swedish producer of green steel. Steel today makes up around 7 percent of carbon emissions globally and is therefor, together with chemicals, one of the most important areas to target first in the clean industrial revolution. As a first step, H2 Green Steel is developing a fully integrated, digitalized, and sustainable plant in Boden, northern Sweden, where the company will produce green steel, reducing carbon emissions by up to 95 percent compared to traditional steelmaking. And steel is only the beginning - their expertise in green hydrogen will enable H2 Green Steel to also decarbonize other heavy industries. Management Changes In September, we announced that Samuel Sjöström will take over as Chief Financial Officer at Kinnevik on 1 November 2022, replacing Erika Söderberg Johnson who is moving into a role as Senior Advisor to our investee companies. Samuel has been instrumental in developing the strategic and finan- cial framework that underpins our financial decision-making, reporting and communication, and I look forward to working KINNEVIK Interim Report - Q3 2022 Portfolio Overview Sustainability 12.5bn Kinnevik's net cash position (SEK) Climate change remains the largest and most pressing challenge facing the global economy and reaching the 1.5-degree target stipulated in the Paris agreement will require massive investments and changes across industries. Financial Statements Other closely with him as we continue to transform Kinnevik into a leading European growth investor. Concluding Remarks Despite the current market headwinds and increased risk aversion, our conviction in the Kinnevik strategy and the long-term power of technology has not changed. However, the full effect of an economic downturn remains to be seen. We are focused on maintaining our investment momentum and seizing the opportunities that arise while ensuring we continue to be disciplined in our allocation of capital. I would like to thank all shareholders for your continued support. Georgi Ganev CEO of Kinnevik 5

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