Tele2 AB issue Norwegian Bonds

Stockholm - Tele2 AB (Tele2), (NASDAQ OMX Stockholm Exchange: TEL2 A and TEL2 B)
announced that Tele2 AB successfully placed two new unsecured bonds in the
Norwegian bond market.

Tele2 AB, has closed the books and successfully completed the issuance of NOK
1.3 billion in the Norwegian bond market. The amount is split between a 3 year
bond of NOK 300 million priced at NIBOR +1.70 percent and a 5 year bond of NOK
1 billion priced at NIBOR +2.35 percent.

DNB Markets and Swedbank First Securities have acted as Joint Bookrunners for
the transactions.

Ondra Partners have acted as financial advisors to Tele2 AB

For further information, contact:
Lars Torstensson, Investor Inquiries, Telephone: +46 702 73 48 79
Pernilla Oldmark, Press Inquiries, Telephone: +46 704 26 45 45

TELE2 IS ONE OF EUROPE'S LEADING TELECOM OPERATORS, ALWAYS PROVIDING THE BEST
DEAL. We have 34 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 NASDAQ OMX Stockholm since
1996. In 2011, we had net sales of SEK 41 billion and reported an operating
profit (EBITDA) of SEK 10.9 billion.

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