KINNEVIK SUBSCRIBES TO SHARE ISSUE IN VIKING TELECOM

KINNEVIK SUBSCRIBES TO SHARE ISSUE IN VIKING TELECOM Industriförvaltnings AB Kinnevik, today announced that it has increased its shareholding in Viking Telecom to 29.3 per cent voting and economic interest, from 23.6 per cent previously, by acquiring 2,380,952 newly issued shares for SEK 10 million. Kinnevik's fully diluted holding in Viking Telecom, including all outstanding convertibles and option schemes, is 27.6 per cent voting and economic interest. For further information, please visit www.kinnevik.se or contact: Vigo Carlund, CEO, Industriförvaltnings AB Kinnevik tel: +46 8 5620 0000 Henrik Persson, Investor & Press Relations tel: +44 20 7321 5010 Industriförvaltnings 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 cartonboard and paper producer Korsnäs 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 Stockholmsbörsen 'A-list'. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/05/04/20040504BIT20760/wkr0001.pdf