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Jun 29, 2005 10:00 AM CET


Stockholm – Tele2 AB, (“Tele2”), (Stockholmsbörsen: TEL2A and TEL2B), the leading alternative pan-European telecommunications company, today announces that the Swedish Tax Authorities have given general advice on distribution of the acquisition cost as a result of the share redemption in Tele2 AB

On May 23, 2005, Tele2 carried out a share split whereby every share, irrespective of share class, was split into 3 ordinary shares and 1 redemption share. The redemption shares were redeemed on June 17, 2005 and payment of SEK 10 per share took place on June 22, 2005. The Swedish Tax Authorities state that the acquisition cost for Tele2 shares should be allocated by 4.5 % cost to the redemption shares and by 95.5 % to the other shares. Example If Tele2 shares were acquired before the split for SEK 200, SEK 9 (200 x 0.045) should be allocated to the redemption shares as an acquisition cost and the remaining SEK 191 (200 – 9) to the other 3 shares, i.e. SEK 63.70 per share. This general advice is applicable in the assessment of tax from 2006. For more detailed information, please see the Swedish Tax Authorities’ general advice (SKV A 2005:14) and statement (SKV M 2005:11) on www.skatteverket.se. CONTACTS Lars-Johan Jarnheimer President and CEO, Tele2 AB Telephone: + 46 8 562 640 00 Håkan Zadler CFO, Tele2 AB Telephone: + 46 8 562 640 00 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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