Kinnevik: Avito Trading Statement

| Source: Kinnevik, Investment AB
Investment AB Kinnevik (publ) ("Kinnevik") today announced that Avito reported a
trading statement for the second quarter 2014.

Avito  owns  and  operates  Russia's  largest online classifieds site,
Avito  also has  presence in  Ukraine and  during the second quarter, 2014 Avito
owned  and operated  the leading  classifieds site  in Morocco. In principle all
revenues are generated from

Key performance indicators second quarter, 2014:

  * Revenues of RUR 1,069m(1) (USD 31.8m(2)), grew by 85% compared to RUR 579m
    in the second quarter 2013.
  * EBITDA margin of 53% or RUR 569m(1) (USD 16.9m(2)), compared to RUR196.3m in
    the second quarter 2013.
  * Page views(3) amounted to 17bn for the second quarter 2014 compared to 11bn
    for the same period previous year.
  * Monthly audience(4) in June 2014 of 25.8m compared to 24.3m for the same
    period of previous year.

Key performance indicators first half-year, 2014:

  * Revenues of RUR 1,921m(1 )(USD 57.1m(2)), grew by 97% compared to the first
    half-year 2013 (RUR 976m).
  * EBITDA margin of 50% or RUR 962m(1) (USD 28.6m(2)), compared to the first
    half-year 2013 (RUR 172.7m).
  * Cash position amounted to USD 137m(2) as per June 30, 2014.
  * Page views(3) amounted to 34bn compared to 21bn for the first half-year

Avito provides no guidance on future performance.

Subsequent events after the end of the reporting period

Avito signed a Transaction Agreement dated 13 June 2014 with subsequent
Amendment dated 2 July 2014 with Schibsted ASA to merge their businesses in
Morocco. The transaction will result in setting up a legal entity in Morocco
controlled by Schibsted ASA and operating under Avito brand name. Avito will not
consolidate the merged unit and will report it as associate in its consolidated
financial statements.

(1) Unaudited IFRS
(2)  Russian ruble amount has been translated into U.S. dollars at a rate of RUR
33.6306 to $ 1.00, the official  exchange rate quoted as of June 30, 2014 by the
Central Bank of the Russian Federation.
(3) Source: Live Internet and the Company
(4) Source: TNS Russia, desktop only
The  information  is  of  such  character,  which  Kinnevik  shall  disclose  in
accordance  with the law on Trading with Financial Instruments (1991:980) and/or
the  Securities  Market  Act  (2007:528).  The  information  was distributed for
disclosure at 8.00 a.m. on 28 August 2014.
For further information, visit or contact:
Torun Litzén, Director Investor Relations +46 (0)8 562 000 83

                                          +46 (0)70 762 00 83

Investment  AB  Kinnevik  is  a  leading, long-term oriented, investment company
based  in Sweden. Kinnevik primarily invests in consumer centric businesses that
provide  innovative and value-added technology-enabled  services. Our main areas
of  focus  are  the  Communications,  e-Commerce,  Entertainment  and  Financial
Services sectors. We own significant stakes in over 50 companies that operate in
more  than 80 countries  across five  continents, with  a particular emphasis on
growth  markets. The Kinnevik  Group employs more  than 90 000 people around the

Kinnevik  actively  supports  the  companies  in  which  it invests and plays an
influential  role on  their respective  Boards. Kinnevik  was founded in 1936 by
three  Swedish families who continue to play  a leadership role in the ownership
of the Company and in the pursuit of its entrepreneurial ventures.

Kinnevik's  shares  are  listed  on  Nasdaq  OMX  Stockholm's list for large cap
companies under the ticker codes KINV A and KINV B.