B&B Tools AB

Kinnevik This press release may not be released, published or distributed in or into the USA, Canada, Australia, Japan or any other country in which such a measure is subject to registration or any other measures than those required by Swedish law. The Offer is not directed towards any person in those countries whose participation requires any additional prospectus, registration or other measure than those required by Swedish law.

Kinnevik Investment AB Kinnevik (publ) ("Kinnevik") today announced that Christer Simrén (46) has been appointed new Chief Executive Officer of Korsnäs. Christer Simrén was most recently Managing Director of Wermland Paper. Christer Simrén has a long history with both Korsnäs and Kinnevik; between 1999 and 2001 he was COO and CEO of Korsnäs. Prior to that he was head of Applied Value's Chicago office. Christer Simrén holds a PhD in Industrial Management and Economics from Chalmers University of Technology. He will take up his new position September 1 2008.

Kinnevik RECLASSIFICATION OF CLASS A SHARES TO CLASS B SHARES IN INVESTMENT AB KINNEVIK

Kinnevik This press release may not be released, published or distributed in or into the USA, Canada, Australia, Japan or any other country in which such a measure is subject to registration or any other measures than those required by Swedish law. The Offer is not directed towards any person in those countries whose participation requires any additional prospectus, registration or other measure than those required by Swedish law.

Kinnevik This press release may not be released, published or distributed in or into the USA, Canada, Australia, Japan or any other country in which such a measure is subject to registration or any other measures than those required by Swedish law. The Offer is not directed towards any person in those countries whose participation requires any additional prospectus, registration or other measure than those required by Swedish law.

Kinnevik This press release may not be released, published or distributed in or into the USA, Canada, Australia, Japan or any other country in which such a measure is subject to registration or any other measures than those required by Swedish law. The Offer is not directed towards any person in those countries whose participation requires any additional prospectus, registration or other measure than those required by Swedish law.