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KINNEVIK

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Kinnevik occupies approximately 20% of my total portfolio value. This is not a fluke! The reason why Kinnevik is my most significant asset is that I believe the company is exceptionally well managed and has an excellent long-term strategy which has revealed itself to be beneficial for their shareholders including myself. Kinnevik most substantial assets comprise of Millicom and Zalando which together constitute almost half of their NAV. Two companies which have during 2017 seen a positive overall growth rate even though Millicom didn't have it easy. Millicom Millicom International Cellular SA for people who don't know is an international telecommunications and media company. They are engaged in providing digital lifestyle services in various markets, through mobile and fixed telephony, cable, broadband, and television. Its segments include Latin America and Africa and operates its mobile businesses in Central America and Africa. If we look at Millicom's market