PRV APPROVES MERGER WITH INVIK

PRV APPROVES MERGER WITH INVIK Industriförvaltnings AB Kinnevik ("Kinnevik") today announced that PRV, the Swedish Patent and Registration Office, has notified Kinnevik and Invik & Co. AB ("Invik") that it has formally approved the execution of the merger of the two companies. The notification period, during which Kinnevik's creditors had the right to oppose the ongoing merger between Kinnevik and Invik, ended on 28 June 2004 and no creditor opposed the merger. For further information, please visit www.kinnevik.se or contact: Vigo Carlund, CEO, Industriförvaltnings AB Kinnevik tel: +46 (0) 8 5620 0000 Henrik Persson, Investor & Press Relations tel: +44 (0) 7747 822 406 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/2004/06/30/20040630BIT21760/wkr0001.pdf