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 all shares in Transcom WorldWide S.A. as follows. For each class A share in Industriförvaltnings AB Kinnevik the shareholders will receive one class A share in Transcom WorldWide S.A. and for each class B share in Industriförvaltnings AB Kinnevik the shareholders will receive 0.35 class A shares and 0.65 class B shares in Transcom WorldWide S.A. The board was given mandate to decide about the detailed conditions for the distribution of the shares in Transcom WorldWide S.A., including the determination of the date of record for entitlement to receive shares in Transcom. The AGM also approved a cash dividend of SEK 1.00 (one) per share. The record date for the cash dividend is May 23, 2001. Bruce Grant, Edvard von Horn, Wilhelm Klingspor, Stig Nordin, Ulf Spång, Jan Hugo Stenbeck and Dag Tigerschiöld were re-elected to the Board and Thomas Jönsson was elected as new member of the Board. At the Board Meeting following the AGM, Jan Hugo Stenbeck was re-elected Chairman of the Board. As auditors Lars Träff was re-elected and Erik Åström was new elected. As deputy auditors Thomas Forslund and Anders Wiger were new elected. Stockholm, May 18, 2001 INDUSTRIFÖRVALTNINGS AB KINNEVIK ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/05/18/20010518BIT00640/bit0002.doc http://www.bit.se/bitonline/2001/05/18/20010518BIT00640/bit0002.pdf