Nov 1, 2005 8:00 AM CET
Stockholm – Further to the earlier press releases of Tele2 Finance B.V. (“Tele2”), issued together with Versatel Telecom International N.V. (“Versatel”) and funds advised by Apax Partners, dated 18 July 2005, 17 August 2005, 8 September 2005, 13 September 2005, 10 October 2005 and 14 October 2005, and its sole press release dated 27 October 2005, Tele2 announces that 30,732,106 shares in the capital of Versatel (“Shares”) have been tendered during the post-acceptance period, representing 5.87 per cent. of the issued and outstanding share capital of Versatel.
The total number of Shares and Bonds tendered under Tele2’s public offers would represent, should all Bonds be converted into Shares, approximately 82.39 per cent. of the consequently diluted share capital of Versatel. Together with the Shares tendered during the initial offer period, 418,155,141 Shares, representing 79.87 per cent. of the issued and outstanding share capital of Versatel, and 1,250 of the 3.875 per cent. convertible senior notes due 2011 convertible into ordinary shares in the capital of Versatel (“Bonds”), representing 100 per cent. of the issued and outstanding Bonds, have been tendered under Tele2’s public offer for all Shares and Bonds. With reference to its press release dated 10 October 2005, Tele2 will pay, no later than 7 November 2005, an amount of EUR 0.808415 in cash for each Share validly tendered (or defectively tendered provided that such defect has been waived by Tele2) during the post-acceptance period, being the Offer Price per Share (as defined in the offer memorandum dated 14 September 2005) of EUR 2.20 less the amount of the distribution made on the Shares on 17 October 2005 of EUR 1.391585 per Share. The total amount payable to holders of Shares will be rounded up, if rounding is necessary. Holders of Shares are reminded that Shares tendered in the post-acceptance period may not be withdrawn. CONTACTS Lars-Johan Jarnheimer, President and CEO: + 46 8 562 640 00 Håkan Zadler, CFO: + 46 8 562 640 00 Per Borgklint, Market Area Director Benelux: + 31 20 702 02 02 Dwayne Taylor, Investor Relations, London: + 44 20 7321 5038 Lena Krauss, Investor Relations, Stockholm: + 46 8 562 000 45 Sarah Hamilton, M:Communications, London: + 44 78 36 295 291 Nick Fox, M:Communications, London: + 44 77 11 727 618 Anne Louise Van Lynden, Investor Voice, Amsterdam: + 31 65 4315 549 Carina Hamaker, Investor Voice, Amsterdam: + 31 65 3749 959 Visit us at our homepage: http://www.tele2.com This press release is a public announcement as meant within article 9b paragraph 1 of the Bte 1995. This press release appears in Swedish also. In the event of any inconsistency, the English version will prevail over the Swedish version.