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Apr 21, 2004 6:00 AM CET

IN THE FIRST QUARTER 2004 TELE2 INCREASED ITS REVENUES BY 20% WHILE OPERATING CASH FLOW INCREASED TO SEK 1.6 BILLION

New York and Stockholm - Wednesday, April 21, 2004 - Tele2 AB ("Tele2", "the Group") (Nasdaq Stock Market: TLTOA and TLTOB and Stockholmsbörsen: TEL2A and TEL2B), the leading and profitable alternative pan-European telecom operator, today announced its consolidated results for the first quarter ended March 31, 2004.

  • Operating revenue increased by 20% to MSEK 10,379 (MSEK 8,616) 
  • Profit after tax increased to MSEK 286 (MSEK 187) 
  • Earnings per share after tax increased to SEK 1.93 (SEK 1.27) 
  • Net intake of 1.6 million customers 
  • Cash flow after investing activities amounted to MSEK 1,211 (MSEK 372) 
  • Operating revenue growth of 60% in Central Europe

    The figures shown in parenthesis correspond to the comparable periods in 2003 and all negative amounts are distinguished with a minus sign.

    CONTACTS

    Lars-Johan Jarnheimer Telephone: + 46 8 562 640 00
    President and CEO, Tele2 AB

    Håkan Zadler Telephone: + 46 8 562 640 00
    CFO, Tele2 AB

    Dwayne Taylor Telephone: + 44 20 7321 5038
    Investor enquiries

    Lena Glader Telephone: + 46 70 762 0046
    Investor enquiries

    Tele2 AB - company registration number: 556410-8917
    Skeppsbron 18
    P.O. Box 2094
    SE-103 13 Stockholm
    Sweden
    Tel+ 46 8 562 000 60

    Visit us at our homepage: http://www.Tele2.com
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