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Press release Tele2 Group Nov 28 2001, 10:30 AM CET

TELE2'S SHAREHOLDER MEETING APPROVES THE ACQUISITION OF FORA TELECOM B.V.

At Tele2's Extraordinary General Meeting today, November 28th 2001, the meeting decided in accordance with the board's proposal regarding a non-cash issue of B-shares to acquire all 400 shares in FORA Telecom B.V. The purchase price will be 849,199,905 SEK, paid in 2,461,449 Tele2 B-shares. The meeting also decided to increase the share capital of Tele2 AB by 12,307,245 SEK through a new share issue of 2,461,449 B-shares at a nominal value of 5 SEK, and an issue price of 345 SEK per share.
 
Tele2 AB, formed in 1993, is the leading alternative pan-European telecommunications company offering fixed and mobile telephony, data network and Internet services under the brands Tele2, Tango and Comviq to 13.7 million people in 21 countries. Tele2 operates Datametrix, which specializes in systems integration, 3C Communications, operating public pay telephones and public Internet services; Transac, providing billing and transaction processing service; C┬│, offering co-branded pre-paid calling cards and IntelliNet and Optimal Telecom, the price-guaranteed residential router device. The Group offers cable television services under the Kabelvision brand name and together with MTG, owns the Internet portal Everyday.com. The Company is listed on the Stockholmsb├Ârsen, under TEL2A and TEL2B, and on the Nasdaq Stock Market under TLTOA and TLTOB.
 
CONTACTS:
Tele2 AB
 
Lars-Johan Jarnheimer Telephone: + 46 8 562 640 00
President and CEO, Tele2 AB
Andrew Best, Investor Relatons, London Telephone: +44 207 321 5010
Patrik Linzenbold, Media Relations, Stockholm Telephone: +46 8 562 000 53
 
Visit our web site at www.tele2.com