Kinnevik Results Presentation Deck

Intro Net Asset Value HIGHLIGHTS IN THE QUARTER Key Events We made a follow-on investment in Budbee, valuing the com- pany at SEK 7.3bn, supporting its continued strong organic and profitable growth. We also participated in Mathem's funding round valuing the company at SEK 2.3bn, in line with our first quarter 2022 valuation We divested 27% of our shareholding in Tele2 for SEK 6.0bn, providing us with additional financial strength at a time of market uncertainty, ensuring we have a net cash runway through 2024, and allowing us flexibility to time our capital deployment We published Kinnevik's inaugural Climate Progress Report to follow up on our climate targets for the portfolio. Between 2020 and 2021, the emissions-reporting companies in Kinnevik's port- folio have decreased their emissions intensity by 11%, reaching our annual target of 7% by a wide margin KINNEVIK Portfolio Overview Interim Report Q2 2022 Sustainability Investment Management Activities • We invested a more modest SEK 0.5bn during the quarter, reflective of the current funding environment, of which SEK 155m into Mathem and SEK 115m into Budbee ● For the first half of 2022, we invested SEK 2.1 bn in aggregate Financial Position NAV of SEK 61.1 bn (SEK 218 per share), down SEK 6.7bn or 10% in the quarter and SEK 11.3bn or 16% year-to-date Net cash position of SEK 13.6bn, including the proceeds from our Tele2 sell-down and received dividends, corresponding to 28% of portfolio value by quarter-end Financial Statements Other 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. 13.6bn Kinnevik's net cash position (SEK) 3

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