AMENDED RULES FOR FOREIGN SHAREHOLDERS - Tele2

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May 19, 2005 5:00 PM CET

AMENDED RULES FOR FOREIGN SHAREHOLDERS

Stockholm – Tele2 AB, (“Tele2”), (Stockholmsbörsen: TEL2A and TEL2B), the leading alternative pan-European telecommunications company, today announces that the Swedish Parliament has recently resolved to amend the rules on Swedish withholding tax. These new rules mean that foreign holders of Tele2 shares, who receive a payment in conjunction with the redemption of shares, can apply to the Swedish Tax Authorities to get part of the withholding tax repaid.

The withholding tax is withheld by VPC or a nominee and is based on the entire redemption amount. However, foreign shareholders have the right to reclaim tax, so that the net withholding tax paid is based only on any possible gain realised due to the redemption. Alternatively, the gain can be calculated according to the so-called standard rule. Following this revision, Tele2 has amended its information brochure on www.tele2.com. 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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