Full Year and Fourth Quarter 2013 Report

Stockholm - Tele2 AB, (Tele2), (NASDAQ OMX Stockholm: TEL2 A and TEL2 B) today
announced its consolidated results for the full year and fourth quarter 2013.
CEO comment:

“I see 2014 as a year when we remove uncertainty around Tele2. The Netherlands
and Kazakhstan need to maintain their momentum within mobile. Tele2 Sweden will
cement its position as the leader in mobile data services. The situation in
Norway will be addressed in a way that maximizes value for shareholders.”

Financial highlights

Strong mobile end-user service revenue growth for the Group
In the quarter, mobile end-user service revenue grew by 5 percent amounting to
SEK 3,724 (3,536) million. This trend was driven by positive usage of mobile
data, compensating less revenue from mobile voice and SMS.

Improved operational performance in Tele2 Sweden
Mobile end-user service revenue in Sweden grew by 3 percent Q4 2013. The mobile
EBITDA contribution in the quarter was SEK 722 (748) million, due to increased
marketing spend and a shift from pay-as-you-go to bucket price plans.

Maintained strong customer intake within mobile for Tele2 Netherlands
Tele2 Netherlands continued its marketing push within the mobile segment,
accelerating its customer intake to 62,000 (55,000) customers and taking the
total mobile customer base to 694,000 (478,000). Mobile net sales amounted to
SEK 447 (288) million and mobile end-user service revenue grew by 65 percent in
Q4 2013.

License award disappointment for Tele2 in Norway
The network roll-out continued at a rapid pace, now covering approximately 75
percent of the population. Traffic on own infrastructure amounted to 43 percent
in the quarter. Tele2 Norway did not obtain any frequencies in the multiband
auction held in December. The company will continue its operations with existing
frequency resources and maintain commercial efforts to further develop the
business.

Robust revenue growth in Tele2 Kazakhstan and positive EBITDA in December

Tele2 Kazakhstan continued to work to improve its commission structure, leading
to a gradually better result in the quarter. Still, the net effect on customer
intake was negative, leading to an outflow of -393,000 (361,000) users. Mobile
net sales grew by 24 percent in Q4 2013 amounting to SEK 365 (294) million.
Mobile end-user service revenue grew by 33 percent. Thanks to improved
operational scale and lower interconnect levels, EBITDA losses were reduced to
SEK -7 (-83) million and the company had positive EBITDA for the first time in
December.

The Board of Directors recommend a dividend for 2013 amounting to SEK 4.40
The Board of Tele2 AB has decided to recommend an ordinary dividend of SEK 4.40
(7.10) per share in respect of the financial year 2013.

The Interim report is available on www.tele2.com

Presentation Q4 2013 result

Tele2 will host a presentation with the possibility to join through a conference
call, for the global financial community at 10:00 am CET (09:00 am GMT/04:00 am
EST) on Friday, February 7, 2014. The presentation will be held in English and
also made available as an 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 8 505 564 74

UK: +44 203 364 5374

US: +1 855 753 2230

Contacts

Mats Granryd

President & CEO

Telephone: + 46 (0)8 5620 0060

Lars Nilsson

CFO

Telephone: +46 (0)8 5620 0060

Lars Torstensson

EVP, Group Corporate Communication

Telephone: + 46 (0)8 5620 0042

TELE2 IS ONE OF EUROPE'S FASTEST GROWING TELECOM OPERATORS, ALWAYS PROVIDING
CUSTOMERS WITH WHAT THEY NEED FOR LESS. We have 15 million customers in 10
countries. Tele2 offers mobile services, fixed broadband and fixed 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 2013, we had net sales of SEK 30 billion
and reported an operating profit (EBITDA) of SEK 6 billion.