At the Annual General Meeting of Industriförvaltnings AB Kinnevik held today, shareholders approved the distribution pro

At the Annual General Meeting of Industriförvaltnings AB Kinnevik held today, shareholders approved the distribution proposed by the Board of Directors: Distribution in kind in the form of purchase rights in Société Européenne de Communication S.A. (SEC) to Kinnevik's shareholders. The purchase rights give right to purchase of shares in SEC. For each share of series A in Industriförvaltnings AB Kinnevik one purchase right series A is received and for each share of series B in Industriförvaltnings AB Kinnevik one purchase right series B is received. For every 7 purchase rights series A the owner is entitled to buy one share of SEC series A for SEK 11.70 and for every 7 purchase rights series B the owner is entitled to buy one share of SEC series B for SEK 11.70. The record date for the distribution in kind is May 31, 2000. The AGM also approved a cash dividend of SEK 1.00 (one) per share. The record date for the cash dividend is May 31, 2000. Bruce Grant, Edvard von Horn, Wilhelm Klingspor, Stig Nordin, Ulf Spång, Jan Hugo Stenbeck and Dag Tigerschiöld were re-elected to the Board. At the Board Meeting following the AGM, Jan Hugo Stenbeck was re-elected Chairman of the Board. Considering that auditors and deputy auditors were elected for two or four years at last year's AGM, no such election was held at this AGM. Stockholm, May 26, 2000 INDUSTRIFÖRVALTNINGS AB KINNEVIK ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/05/26/20000526BIT00630/bit0001.doc http://www.bit.se/bitonline/2000/05/26/20000526BIT00630/bit0002.pdf