Kinnevik Results Presentation Deck

Intro Net Asset Value HIGHLIGHTS IN THE QUARTER Key Events Kinnevik led a private placement in Recursion, a clinical-stage bio- technology company industrializing drug discovery, and invested in Mews, a hospitality management system designed to simplify and automate all operations for modern hoteliers and their guests H2 Green Steel, the Swedish venture aiming to produce green steel in a fully integrated, digitalized and circular plant, was added to our emerging portfolio within climate tech • Oda raised NOK 1.5bn in new capital from new investors, with par- ticipation from Kinnevik, as it continues its geographic expansion Kinnevik received double recognition for our leadership in sus- tainability - we were the only firm awarded the highest category in Honordex Inclusive Index Report 2022, and one of the top performing companies in Sweden in a sustainability ranking by Lund University KINNEVIK Portfolio Overview Interim Report Q4 2022 Sustainability Investment Management Activities We invested SEK 2.6bn during the fourth quarter, including: • SEK 843m into Recursion ● SEK 436m into Mews ● SEK 275m into H2 Green Steel ● SEK 471m into Oda In full year 2022, we invested SEK 5.7bn in aggregate and released a total of SEK 7.0bn through sell-downs in Tele2 and Teladoc ● Financial Statements Other Financial Position • NAV of SEK 52.9bn (SEK 189 per share), down SEK 5.1 bn or 9% in the quarter and SEK 19.5bn or 27% for the full year Kinnevik's ambition is to be Europe's leading listed growth stor. We back the best digital companies for a reimagined everyday and to deliver significant returns. We understand complex and fast-changing consumer behaviours, and have a strong and expanding portfolio in healthcare, software, marketplaces and climate tech. As a long-term investor, we strongly believe that investing in sustainable business models and diverse teams will bring the greatest returns for shareholders. We back our companies at every stage of their journey and invest in Europe, with a focus on the Nordics, and in the US. Kinnevik was founded in 1936 by the Stenbeck, Klingspor and von Horn families. Kinnevik's shares are listed on Nasdaq Stockholm's list for large cap companies under the ticker codes KINV A and KINV B. • Net cash position of SEK 10.4bn, corresponding to 24% of port- folio value by year-end 3

View entire presentation