DECISION BY THE ENTERPRISE CHAMBER OF THE AMSTERDAM COURT OF APPEAL

Stockholm – Tele2 AB, (“Tele2”), (Stockholmsbörsen: TEL2A and TEL2B), the leading alternative pan-European telecommunications company, today announces that the Enterprise Chamber of the Amsterdam Court of Appeal has ruled in proceedings filed on behalf of Versatel shareholders Centaurus Capital, Amber Fund, Barclays Capital and certain others, that Versatel may not proceed with the proposed amendment to its corporate governance policies at its extraordinary general meeting of shareholders scheduled for tomorrow, 15 December 2005. In addition, the Enterprise Chamber has ruled that it will appoint three independent members to Versatel’s supervisory board, who will have exclusive powers to deal with material arrangements to be concluded between Versatel and Tele2. In view of this decision, Mr De Bakker who was nominated for appointment to the supervisory board at tomorrow’s shareholders meeting, sees no meaningful purpose to act on Versatel’s supervisory board and has therefore withdrawn his candidacy.