Kinnevik Results Presentation Deck

Intro Key Strategic Events We doubled-down on our investment theme 'the future of work' through two new investments - Omnipresent, a SaaS-based em- ployment partner, and SafetyWing, a workforce insurance provider ● KEY HIGHLIGHTS IN THE QUARTER ● ● Net Asset Value ● Transcarent, the first comprehensive health and care experience company for self-insured employers, was added to the portfolio We led a funding round in Agreena, supporting farmers' transition to regenerative agriculture practices through the vo- luntary carbon offset market Follow-on investments were concluded in Lunar, Common and Joint Academy Private market valuations are increasingly coming in line with public market levels, putting short-term pressure on our net asset value but creating long-term opportunities as the pendulum shifts in favor of active, hands-on investors with long investment horizons Kinnevik ranked first in the VC category of Equality Group's international "Equality, Diversity and Inclusion 2022 Private Equity & Venture Capital Index" KINNEVIK Portfolio Overview Interim Report Q1 2022 Investment Management Activities We invested SEK 1,658m in the quarter, including: • SEK 546m into Transcarent SEK 377m into Omnipresent ● ● Sustainability ● SEK 211m into Lunar ● SEK 177m into SafetyWing SEK 127m into Agreena We continued to reallocate capital within our growth portfolio by releasing SEK 1.0bn from Teladoc, adding to the SEK 2.2bn released last quarter Financial Statements Other Financial Position • NAV of SEK 67.9bn (SEK 244 per share), down SEK 4.5bn or 6% in the quarter • Net cash position of SEK 5.0bn, corresponding to 7.8% of portfolio value by quarter-end Kinnevik's ambition is to be Europe's leading listed growth investor, and 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 healthtech, consumer services, foodtech and fintech. 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 compa- nies 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. • Pro forma net cash position of SEK 8.1bn after dividends from Tele2 to be received in May 3

View entire presentation