Industriforvaltnings AB Kinnevik: Board Member Resigns


STOCKHOLM, Sweden, Aug. 20, 2003 (PRIMEZONE) -- Industriforvaltnings AB Kinnevik (Nasdaq:KVIKA) (Nasdaq:KVIKB), today announced that Bruce Grant has notified the company of his resignation from the Board of Directors of Kinnevik. Bruce Grant has served on the Board since 1999. The Board of Directors would like to thank Bruce for his significant contribution to the company.


 For further information, please contact:
 Edvard von Horn, Chairman, Kinnevik         tel: +46 8 5620 0000
 Henrik Persson, Investor & Press Relations  tel: +44 20 7321 5010

Industriforvaltnings AB Kinnevik was established in 1936 as an investment holding company. The Company's objective is to increase shareholder value, primarily through net asset value growth. The business consists of operating companies such as farming company MSLA and paper and pulp producer Korsnas AB, and a portfolio of long-term investments in a select number of listed companies such as Tele2 AB, Modern Times Group MTG AB, Millicom International Cellular S.A., Metro International S.A., Transcom WorldWide S.A. and Invik & Co. AB. Kinnevik plays an active role on the Boards of its subsidiaries and associated companies. Kinnevik's 'A' and 'B' shares are traded on the Stockholmsborsen 'A- list'.

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http://www.waymaker.net/bitonline/2003/08/20/20030820BIT00820/wkr0001.doc

http://www.waymaker.net/bitonline/2003/08/20/20030820BIT00820/wkr0002.pdf