This press release may not be released, published or distributed in
or into the USA, Canada, Australia, Japan or any other country in
which such a measure is subject to registration or any other measures
than those required by Swedish law. The Offer is not directed towards
any person in those countries whose participation requires any
additional prospectus, registration or other measure than those
required by Swedish law.
This press release is a translation from the Swedish language press
release. In the event of any discrepancies between the Swedish
version and the English version, the Swedish version shall prevail.
Kinnevik's and Vostok Nafta's Acquisition of Kontakt East
Today, Kinnevik and Vostok Nafta control 98.7 percent of the Kontakt
East shares
Stockholm, 8 July 2008 - Investment AB Kinnevik (publ) ("Kinnevik")
and Vostok Nafta Investment Ltd. ("Vostok Nafta"), two of the leading
investment companies in Sweden, today announced that they have
acquired in total approximately 13.9 million shares in Kontakt East
Holding AB (publ) ("Kontakt East"), representing 98.7 percent of the
total number of shares and votes in Kontakt East, and warrants
representing a right to subscribe for 1,446,074 shares in Kontakt
East.
The offer to purchase shares of Kontakt East at a price of SEK 35 per
share was announced on 26 May 2008 (the "Offer"), through Kinnevik's
and Vostok Nafta's jointly owned Swedish company Vosvik AB
("Vosvik"). The acceptance period in the Offer expired on 24 June
2008. On 26 June 2008, the acceptance period was extended to 7 July
2008. In total 147,111 shares, representing 1.0 percent of the total
number of shares and votes in Kontakt East, were tendered in the
extended acceptance period. Settlement for the shares tendered in the
extended acceptance period is expected to commence on or about 11
July 2008.
On 4 July 2008, Vosvik called for compulsory acquisition of the
remaining Kontakt East shares and Kontakt East applied for having the
Kontakt East shares de-listed from First North.
For further information, please contact:
Mia Brunell Livfors, CEO and President Investment AB Kinnevik (publ)
Phone +46 (0)8 562 000 00, Fax +46 (0)8 20 37 74
Torun Litzén, Director of Investor Relations Investment AB Kinnevik
(publ)
Phone +46 (0)8 562 000 83, Mobile +46 70 762 00 83, Fax +46 (0)8 20
37 74
Box 2094, SE-103 13 Stockholm, Sweden, visiting address: Skeppsbron
18
Investment AB Kinnevik (publ)'s objective is to increase shareholder
value, primarily through net asset value growth. The company's
operations include three comprehensive business areas; Major Listed
Holdings which includes Millicom International Cellular, Tele2,
Modern Times Group MTG, Metro International and Transcom WorldWide,
Major Unlisted Holdings which includes the cartonboard and paper
company Korsnäs, and New Ventures which is active in finding new
investments in small and mid sized companies which has a significant
growth potential. Kinnevik plays an active role on the Boards of its
holdings.
Kinnevik is domiciled in Stockholm. The Kinnevik class A and class B
shares are listed on OMX Nordic Exchange Stockholm, Large Cap
segment, within the financial and real estate sector. The ticker
codes are KINV A and KINV B.
