Tele2 AB will report one off items in Q3 2012

Stockholm - Tele2 AB (Tele2), (NASDAQ OMX Stockholm: TEL2 A and TEL2 B) today
announced that it will report one off items of SEK 538 million negatively
affecting EBIT in Q3 2012.

Of the above mentioned one off items of SEK 538 million to be recorded in Q3
2012, SEK 88 million is attributable to impairment of goodwill in Tele2 Croatia
and SEK 162 million is attributable to an impairment of other fixed assets in
Tele2 Croatia. After impairment, the goodwill position of Tele2 will amount to
SEK 10 billion.

In addition Tele2 has been a party to arbitration proceedings in Stockholm
regarding a share option agreement, which previously has been reported as a
continued liability. The arbitral tribunal has issued its award during the third
quarter and the tribunal did not rule in favour of Tele2. Tele2 has paid the
counterparty in accordance with the award and the operating profit for Q3 2012
will be negatively affected by SEK 288 million.

Contacts

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 36 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 11.2 billion.


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