Tele2 Russia acquires Digital Expansion's mobile network in the region of Kaliningrad for approximately SEK 150 million

Stockholm - Tele2 AB, ("Tele2"), (OMX Nordic Exchange: TEL2 A and
TEL2 B), today announced that it has acquired Digital Expansion's
mobile network in the region of Kaliningrad. Tele2 will pay in cash
approximately SEK 150 million on a debt free basis.

Digital Expansion operates an 1800 MHz GSM licence in the region of
Kaliningrad with a population of approximately one million.
Kaliningrad is an enclave inside the European Union and one of
Russia's fastest growing regions. The current customer base is 5,000.
The acquired company will be integrated into Tele2's existing
operations and will benefit from Tele2's successful brand and product
strategies in Russia.

Donna Cordner, Market Area Director Russia, comments: "The
acquisition of Digital Expansion is an additional step in our
continued expansion in Russia. We think the successful economic
climate of the region and potential synergies given the proximity to
other Tele2 operations in Europe and the Baltic region will allow us
to replicate our successful operational model. After completion of
the transaction, Tele2 Russia will be present in 35 regions with
total population coverage of approximately 61 million."
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Further information can be obtained from:
Harri Koponen, President and CEO, Tel: +46 8 5626 4000
Donna Cordner, Market Area Director Russia, Tel: +46 8 5626 4000
Lars Torstensson, Investor Inquiries, Tel: +46 702 73 48 79

Tele2 is one of Europe's leading alternative telecom operators.
Tele2's mission is to provide price leading and easy to use
communication services. Tele2 always strives to offer the market's
best prices. We have 24 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 2007, we
had net sales of SEK 40.1 billion and reported an operating profit
(EBITDA) of SEK 6.3 billion. For more information, visit
www.tele2.com.