TELE2 WILL APPEAL LOCAL TAX AUTHORITY’S DECISION REGARDING TELE2’S VALUATION OF SEC - Tele2

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Dec 23, 2004 1:00 PM CET

TELE2 WILL APPEAL LOCAL TAX AUTHORITY’S DECISION REGARDING TELE2’S VALUATION OF SEC

New York and Stockholm – Tele2 AB, (“Tele2”), (Nasdaq Stock Market: TLTOA and TLTOB and Stockholmsbörsen: TEL2A and TEL2B), the leading alternative pan-European telecommunications company, today announced that the local Swedish tax authority has repeated its decision to change Tele2’s taxation for the fiscal year 2001. Tele2 is still convinced the requested deduction will be approved and intends to appeal the decision to the County Administrative Court.

Håkan Zadler, CFO of Tele2 said; “A year ago, when the tax authority announced that it wanted to change Tele2’s taxation for the fiscal year 2001, we said that it was expected given the significant amount of money involved. However, we considered it strange that this judgment was made in reference to the absence of a real devaluation of SEC, despite the fact that an independent valuation obtained by Tele2 as well as valuations made by analysts in the financial market and others showed that the value of SEC in fact had declined. Tele2 chose to ask for a review of the local tax authority’s decision in order for the same tax authority to explain the reasoning behind its decision. The local tax authority has now completed this. Nothing has emerged that would change our view, that we can meet the demands for proof which may be required in this matter. We are still convinced that the requested deduction will in the end be approved, and consequently we will appeal the decision to the County Administrative Court.” Appendix: Press release from December 16, 2003 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 Lena Krauss, Telephone: + 46 8 562 000 45 Investor enquiries Visit us at our homepage: http://www.Tele2.com

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