Interim report January - June 2013

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

“Today’s results show good progress in our mobile business, maintaining momentum
in gaining customers and growing revenues. Obviously, we are fighting the same
headwinds as our peers around Europe – a tough regulatory environment and
declining fixed voice and broadband business. Nevertheless, our main mobile
operations performed very well with positive underlying services revenue
development in Sweden: +4 percent, the Netherlands: + 81 percent, Norway: +13
percent and Kazakhstan: + 64 percent. This is in congruence with our guidance
for the coming years ahead.”

Financial highlights

Robust net intake for the Group

Net intake was 330,000 (818,000), of which mobile 455,000 (966,000) in the
quarter. Net sales amounted to SEK 7,476 (7,787) million of which mobile
services represented SEK 5,378 (5,250) corresponding to a growth rate of 2
percent. EBITDA in Q2 2013 amounted to SEK 1,518 (1,519) million, equivalent to
an EBITDA margin of 20 (20) percent. EBITDA for mobile services grew by 12
percent to SEK 985 (883) million

Steady margin development in Tele2 Sweden

Mobile net sales in Sweden grew by 1 percent, as customer demand for smartphones
and data services continued throughout Q2 2013. Underlying mobile service
revenue (excluding interconnect hardware sales) grew by 4 percent in the
quarter. The mobile EBITDA contribution in the quarter was SEK 757 (637)
million, equivalent to a stable EBITDA margin of 30 percent.

Significant progress within mobile for Tele2 Netherlands

Tele2 Netherlands continued its marketing push within the mobile segment,
accelerating its customer intake to 49,000 (32,000) customers and taking the
total mobile customer base to 584,000. Mobile net sales amounted to SEK 417
(213) million and underlying mobile service revenue grew by 81 percent in Q2
2013. In the quarter, Tele2 Netherlands started the preparatory work to become
an MNO, and selected preferred vendors for radio, core and IMS.

Good progress in network roll-out for Tele2 Norway

Tele2 Norway performed according to plan during the quarter, adding 22,000
(23,000) mobile customers in the quarter. The network roll-out continued full
speed ahead, now covering approximately 71 percent of the population. The
underlying mobile service revenue growth was 13 percent in Q2 2013.

Good operational performance in Tele2 Kazakhstan

Tele2 Kazakhstan continued to expand its market share and added 309,000
(759,000) new customers in the quarter. Total customer base amounted to
3,162,000 (2,462,000) in June 30 2013. Mobile net sales grew by 46 percent in Q2
2013 amounting to SEK 333 (228) million. Underlying mobile service revenue grew
by 64 percent. Thanks to improved operational scale and interconnect levels,
EBITDA losses diminished to SEK -52 (-105) million.

The Interim report is available on reports.tele2.com/2013/Q2

Presentation Q2 2013 result

Tele2 will host a presentation - with the possibility to join through a
conference call - for the global financial community at 10:30 am CEST (09:30 am
BST/04:30 am EDT) on Thursday, July 18, 2013. The presentation will be held in
English and also made available as an audiocast on Tele2’s dedicated Q2 2013
website, http://reports.tele2.com/2013/Q2.

Venue:

Royal Coin Cabinet, Slottsbacken 6, Stockholm

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 2012, we had net sales of SEK 31 billion
and reported an operating profit (EBITDA) of SEK 6 billion