Kinnevik Results Presentation Deck

DURING 2022 WE EXPECT TO DEPLOY CAPITAL IN THE REGION OF SEK 5BN, ROUGHLY IN LINE WITH THE AVERAGE FROM THE LAST THREE YEARS 2022 YTD 2019-22 YTD Investments New & Follow-Ons New Co's SEK 1.7bn 14.9bn SEK 1.2bn (New) 0.4bn (Follow-On) 8.4bn (New) 6.5bn (Follow-On # 4 21 Capital Reallocation Divestments SEK 1.0bn 21.6bn 2022 Ambition We expect to deploy around as much capital as we have averaged during 2019-21, in the region of SEK 5bn Overview 5.4 Net Cash 2021 Q4 8.6 Gross Cash +1.0 Divested (1.5) Net Cash Development 2021 Q4 to 2022 Q1, SEKbn 2025-02 (1.7) Invested (1.5) +0.2 2026-11 Bonds Other Composition of Net Cash / (Debt) By Source, SEKbn Net Cash 2022 Q1 5.0 (0.5) 2028-11 Tele2 May Dividends 14 +3.1 Other (0.1) 8.1 Pro Forma Net Cash 2022 Q1 5.0 Net Cash KINNEVIK

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