Press Release April 19,2010 Renegotiated terms for Group Management in TeliaSonera Due to the resolution of the Annual General Meeting regarding new Guidelines for remuneration to the executive management, the terms of remuneration for Group Management have been renegotiated. The base salary for the CEO and the other seven members of Group Management, who were previously eligible for annual variable pay as part of their total remuneration package, has been increased by an amount of 30 percent. This amount will not be included in the pensionable salary. The annual variable pay to the CEO, EVP and to the other members of Group Management was previously capped at 50 percent of the base salary. “I am pleased that the Board of Directors and Group Management together have managed to resolve the situation that arose as a result of the AGM decision in a constructive way. We have reached an agreement which is acceptable to all parties involved and where the cost for TeliaSonera will be lower than the average total variable pay over the past few years. We can now leave this issue behind us and focus on the business, which is good,” says Anders Narvinger, Chairman of the Board. _____________________________________________ TeliaSonera's press office for journalists can be reached at +46-771 77 58 30 Forward-Looking Statements Statements made in the press release relating to future status or circumstances, including future performance and other trend projections are forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. There can be no assurance that actual results will not differ materially from those expressed or implied by these forward-looking statements due to many factors, many of which are outside the control of TeliaSonera. TeliaSonera provides network access and telecommunication services in the Nordic and Baltic countries, the emerging markets of Eurasia, including Russia and Turkey, and in Spain. TeliaSonera is also the leading European wholesale provider of quality cross-border voice, IP and capacity services, with a wholly-owned international carrier network. TeliaSonera's services help people and companies communicate in an easy, efficient and environmentally friendly way. TeliaSonera creates value by focusing on providing world-class customer experience, securing quality in networks and achieving a best-in-class cost structure. In 2009, TeliaSonera's net sales amounted to SEK 109 billion, and at the end of December 2009 the total number of subscriptions was 148 million in 20 countries. The TeliaSonera share is listed on NASDAQ OMX Stockholm and NASDAQ OMX Helsinki. Read more at www.teliasonera.com
Renegotiated terms for Group Management in TeliaSonera
| Quelle: Telia Company AB