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PRESS RELEASE KINNEVIK INTENDS TO PROPOSE A DISTRIBUTION OF ITS ZALANDO SHAREHOLDING TO ITS SHAREHOLDERS , ACCELERATING KINNEVIK'S STRATEGIC TRANSFORMATION ● KINNEVIK Kinnevik AB ( publ ) ( " Kinnevik " ) today announced that its Board intends to propose the distribution of Kinnevik's shareholding in Zalando SE ( " Zalando " ) to its shareholders at the 2021 Annual General Meeting . Through the distribution , Kinnevik's portfolio becomes more balanced and focused on Kinnevik's younger high - growth , increasingly unlisted , businesses - in line with Kinnevik's strategic plan to transform its portfolio and reinforce its position as Europe's leading listed growth investor . ● 17 February 2021 ● The Board of Kinnevik intends to propose a distribution of Kinnevik's shareholding in Zalando . Based on the closing price of Zalando's shares on 15 February 2021 , the intended distribution corresponds to an extraordinary value transfer of approximately SEK 55.1bn to Kinnevik's shareholders , equivalent to approximately SEK 200 or 0.195 Zalando shares per Kinnevik share The distribution of the Zalando shares will be made through an automatic share redemption program followed by a possibility for shareholders to re - register the distributed Zalando shares into shares that can be traded on the Frankfurt Stock Exchange To finalise the distribution during the second quarter of 2021 , Kinnevik's 2021 Annual General Meeting will be held on 29 April ( instead of 10 May as previously communicated ) Shareholders representing in aggregate 30 percent of the shares and 50 percent of the votes have expressed their support for the distribution and have confirmed that they intend to vote in favor of the distribution at the Annual General Meeting The distribution marks the beginning of a new chapter for both Kinnevik and Zalando , after a 10 - year story generating an 8.6x return on a SEK 7.9bn investment to date The distribution is a step - change in Kinnevik's ongoing strategic transformation . The share of Kinnevik's portfolio invested in younger , high - growth , primarily unlisted businesses increases from 37 to 67 percent , almost doubling investor exposure to the investment strategy that has generated an IRR of > 40 percent over the last three years and a return of > 100 percent during 2020 , while the share of unlisted investments increases from 15 to 27 percent KINNEVIK AB ( PUBL ) Skeppsbron 18. P.O. Box 2094 SE - 103 13 Stockholm Sweden Reg no 556047-9742 • Phone +46 8 562 000 00 Fax +46 8 20 37 74 • www.kinnevik.com