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Aug 5, 2003 7:00 AM CET

Tele2 reports customer intake of 1,063,000, with revenues up 21% to msek 9,225 and ebt more than tripling to msek 567

TELE2 REPORTS CUSTOMER INTAKE OF 1,063,000, WITH REVENUES UP 21% TO MSEK 9,225 AND EBT MORE THAN TRIPLING TO MSEK 567 New York and Stockholm - Tuesday, August 5, 2003 - Tele2 AB ("Tele2", "the Group") (Nasdaq Stock Market: TLTOA and TLTOB and Stockholmsbörsen: TEL2A and TEL2B), the leading alternative pan-European telecommunications company, today announced its consolidated results for the second quarter ended June 30, 2003. · Number of customers rises by 1,063,000 to 18.7 million · Revenues up 21%, by MSEK 1,602 to MSEK 9,225 compared to Q2 2002* · EBITDA MSEK 1,538 compared to MSEK 1,120 in Q2 2002* · EBT more than triples to MSEK 567 compared to Q2, 2002* · Fixed line EBITDA margin in Continental Europe over 7% while adding 570,000 new customers · Cash flow after investments MSEK 965 compared to MSEK 70 in Q2 2002 · Launch of four GSM networks in Russia *excl. MSEK 87 Telia court settlement (note 1) ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/08/05/20030804BIT00580/wkr0002.pdf The full report

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