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Aug 20, 2003 10:00 AM CET


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 Bruce Grant has notified the company of his resignation from the Board of Directors of Tele2. Bruce Grant has served on the Board since 2001. The Board of Directors would like to thank Bruce for his significant contribution to the company.

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 over 18.7 million people in 22 countries. Tele2 operates Datametrix, which specializes in systems integration, 3C Communications, providing integrated credit card processing, web payment solutions and public payphones; Transac, providing billing and transaction processing service; C³, offering co-branded pre-paid calling cards and Optimal Telecom, the price-guaranteed residential router device. The Group offers cable television services and, together with MTG, owns the Internet portal Everyday.com. The Company is listed on the Stockholmsbörsen, under TEL2A and TEL2B, and on the Nasdaq Stock Market under TLTOA and TLTOB.
Sven Hagströmer Telephone: + 46 (0)70 7288 192
Chairman of the Board of Directors, Tele2 AB
Dwayne Taylor/Andrew Best Telephone: + 44 20 7321 5010
Investor enquiries
Visit us at our homepage: http://www.Tele2.com

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