TELE2 WINDS DOWN ITS FINNISH OPERATIONS - Tele2

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Aug 19, 2005 9:00 AM CET

TELE2 WINDS DOWN ITS FINNISH OPERATIONS

Stockholm – Tele2 AB, (“Tele2”), (Stockholmsbörsen: TEL2A and TEL2B), the leading alternative pan-European telecommunications company, today announced that, based on the current competitive and regulatory environment in Finland, it has decided to discontinue its operations in Finland.

Tele2 intends to stop marketing its mobile and fixed telephony services in the Finnish market. In conjunction with this decision, the company has also decided to end the process regarding its 3G license in Finland. The administration of Tele2’s existing Finnish customers will be transferred to Sweden. Lars-Johan Jarnheimer, CEO of Tele2 said; “Given the current market environment, we see better opportunities elsewhere. It is of course unfortunate that we need to end our operations in Finland, which began in 2000. However, we still are not able, for example, to sell local calls there. Given this situation, we have decided to end any further marketing investments in Finland.” 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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