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Jul 22, 2009 7:00 AM CET

Interim Report January-June 2009

Stockholm - Wednesday, July 22, 2009 - Tele2 AB ("Tele2") (OMX Nordic Exchange: TEL2 A and TEL2 B), today announced its consolidated results for the second quarter 2009.

"Tough times do not last; tough companies do. Tele2 faces economic challenges in most markets. Our result in the second quarter is a reward for commitment to our core business and execution of our contingency plans.", states Harri Koponen, President and CEO of Tele2.
Financial highlights
During Q2 2009, net sales amounted to SEK 10,130 (9,832) million, an increase of 3 percent, while EBITDA increased by 17 percent to SEK 2,450 (2,101) million. Despite a challenging economic environment, Tele2 was able to deliver increased operational result in Q2 2009.
Strong net intake and EBITDA margin in Tele2 Russia
In Q2 2009, Tele2 Russia added 478,000 new customers and the EBITDA margin amounted to 35 (36) percent.
Stable operational development in the Baltic region
Tele2's Baltic operations managed to improve the EBITDA result to SEK 384 (372) million in spite of a weakening economy.
The restructuring of Western Europe continued to generate positive result
The Western European market area, driven by Tele2 Netherlands and Tele2 Austria, once again contributed to improving cash flow for the Group.
The Interim report is available on www.tele2.com.
Interim result conference call
Tele2 will host a conference call, with an interactive presentation, for the global financial community at 10.00 am CET (09.00 am UK time / 04.00 am NY time) on Wednesday, July 22, 2009. The conference call will be held in English and also available as audiocast on Tele2's website, www.tele2.com.
Dial-in information:
To ensure that you are connected to the conference call, please dial in a few minutes before the start of the conference call to register your attendance.
Dial-in numbers:
Sweden: +46 8 50 52 02 70
UK: + 44 208 817 9301
US: + 1 718 354 1226
You will also be in a position to listen to the conference call afterwards:
Replay number until August 5, 2009:
International and UK: +44 207 769 6425
US: +1 630 652 3111
Passcode: 1750100#
Harri Koponen, President and CEO
Telephone: +46 (0)8 5626 4000
Lars Nilsson, CFO
Telephone: +46 (0)8 5626 4000
Lars Torstensson, Investor Relations
Telephone: + 46 (0)8 5620 0042
TELE2 IS ONE OF EUROPE'S LEADING ALTERNATIVE TELECOM OPERATORS. Tele2's mission is to provide affordable and easy connectivity for everyone at anytime. Tele2 always strives to offer the market's best prices. We have 25.4 million customers in 11 countries. Tele2 offers mobile services, fixed broadband and telephony, data network services, cable TV and content services. Ever since Jan Stenbeck founded the company in 1993, it has been a tough challenger to the former government monopolies and other established providers. Tele2 has been listed on the OMX Nordic Exchange since 1996. In 2008, we had net sales of SEK 39.5 billion and reported an operating profit (EBITDA) of SEK 8.2 billion.

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