STOCKHOLM, Sweden, June 29, 2005 (PRIMEZONE) -- Tele2 AB, ("Tele2") (Stockholmsborsen: 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.
Visit us at our homepage: http://www.Tele2.com
Tele2 is Europe's leading alternative telecom operator. Tele2 always strives to offer the market's best prices. With our unique values, we provide cheap and simple telecom for all Europeans every day. We have 28.7 million customers in 25 countries. We offer products and services in fixed and mobile telephony, Internet access, data networks, cable TV and content services. Our main competitors are the former government monopolies. Tele2 was founded in 1993 by Jan Stenbeck and has been listed on Stockholmsborsen since 1996. In 2004 we had operating revenue of SEK 43 billion and reported a profit (EBITDA) of SEK 6.6 billion.
This information was brought to you by Waymaker http://www.waymaker.net
The following files are available for download:
http://wpy.waymaker.net/client/waymaker1/WOLReleaseFile.aspx?id=111705&fn=wkr0001.pdf