Kinnevik co-sponsors West African private equity fund and commits to invest USD 15 million

Investment AB  Kinnevik  (publ)  ("Kinnevik") and  Asset  &  Resource
Management Company Ltd ("ARM"),  a leading Nigerian asset  management
and financial services  group, have  joined forces to  create one  of
West Africa's  leading  private  equity  funds.   The  fund  combines
Kinnevik's international  experience with  the investment  management
expertise, local resources and robust  network of one of the  largest
asset management firms in West Africa.

The fund's investment team is  based in Lagos, Nigeria, and  consists
of professionals that  have gained significant  experience in  Africa
and other emerging markets with leading companies such as J.P. Morgan
and GE Capital. Kinnevik will  own 30% of  ARM Capital Partners  (the
fund management  company),  and Kinnevik and  ARM  are  demonstrating
their strong commitment to the  investment team by committing  USD 15
million each to the first fund that will be launched this fall.
"Sub-Saharan Africa provides attractive growth and investment
opportunities. By setting up a West African private equity firm in
Nigeria together with a leading local partner and staffed with highly
qualified international and local management, Kinnevik can more
broadly capture these opportunities", says Henrik Persson, Head of
New Ventures.
Deji Alli,  Managing  Director  and  CEO of  ARM,  adds  "ARM  has  a
successful track-record of investments  in private companies. We  are
delighted that we, through  our partnership with  Kinnevik, are in  a
position to formalise a  solid platform to  direct needed capital  to
and help  create  value in  some  of Nigeria's  fastest  growing  and
well-managed companies."
The investment comes  in addition  to the  Kinnevik group's  existing
successful  African  investments  within  mobile  telephony   through
Millicom,  microfinance  through  Bayport  and broadcasting   through
Modern Times Group.
In addition to  the strong commitment  of its sponsors,  the fund  is
also raising  capital from  third party  investors and  is  currently
discussing limited  partner investments  with a  group of  local  and
international institutions with interest in the region.


For further information, visit www.kinnevik.se or contact:

Henrik Persson, Head of New Ventures      +46 (0)8 562 000 00
Torun Litzén, Director Investor Relations +46 (0)8 562 000 83
                                          +46 (0)70 762 00 83


ABOUT KINNEVIK
Investment AB Kinnevik's objective is to increase shareholder value,
primarily through net asset value growth. Kinnevik manages a
portfolio of investments focused around three comprehensive business
areas; Major Unlisted Holdings which includes the cartonboard and
paper company Korsnäs including shares in Bergvik Skog, Major Listed
Holdings which includes Millicom International Cellular, Tele2,
Modern Times Group MTG, Metro International and Transcom WorldWide,
and New Ventures which is active in finding new investments in small
and mid sized companies which has a significant growth potential.
Kinnevik plays an active role on the Boards of its holdings.
The Kinnevik's class A and class B shares are listed on the NASDAQ
OMX Stockholm's list for large cap companies, within the financial
and real estate sector. The ticker codes are KINV A and KINV B

ABOUT ARM
Asset & Resource Management Company Ltd ("ARM") was established in
1994, and has evolved into one of the most respected financial
services brands in Nigeria. ARM is a diversified and integrated,
non-bank financial services institution with over 15 years of
investment management expertise. The business comprises non-pension
asset management, pension fund administration, trust services, real
estate management and development, infrastructure finance and
development, investment banking and financial advisory services.