Interim Report Third Quarter 2015

Stockholm - Tele2 AB, (Tele2), (NASDAQ OMX Stockholm: TEL2 A and TEL2 B) today
announced its consolidated results for the third quarter 2015.
CEO comment:
It was a great honour to be appointed CEO of Tele2 on September 1st. Going
forward, our strategic focus remains; as the champions of customer value through
innovation in data monetization, we will continue to create sustainable and
attractive returns for our shareholders.

With that in mind, our third quarter results show solid momentum, with mobile
end-user service revenue growing 5 percent.

Financial highlights

  ·
Tele2’s Net Sales amounted to SEK 6,791 (6,584) million and EBITDA amounted to
SEK 1,599 (1,682) million

  ·
Solid mobile end user service revenue across the Group

  ·
Sweden mobile EBITDA 2nd highest ever quarter with 34% margin

  ·
Strong EBITDA development in Kazakhstan

  ·
Netherlands EBITDA impacting overall EBITDA progress

  ·
Updated financial guidance

As a result of the accelerated launch in the Netherlands, financial guidance for
2015 has changed (see page 5 in the attached interim report).

The Interim Report is available on www.tele2.com

Presentation Q3 2015 result

Tele2 will host a presentation with the possibility to join through a conference
call, for the global financial community at 10:00 am CEST (09:00 am BST/04:00 am
EDT) on Wednesday, October 21, 2015. The presentation will be held in English
and also made available as a webcast 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:
SE: +46 8 505 564 74
UK: +44 20 336 453 74
US: +1 855 753 22 30

For more information, please contact:
Louise Tjeder, Head of Investor Relations, Tele2, Phone: +46 704 26 46 52

TELE2 IS ONE OF EUROPE'S FASTEST GROWING TELECOM OPERATORS, ALWAYS PROVIDING
CUSTOMERS WITH WHAT THEY NEED FOR LESS. We have 14 million customers in 9
countries. Tele2 offers mobile services, fixed broadband and telephony, data
network services, content services and global M2M/IoT solutions. 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 2014, we had net sales of SEK
26 billion and reported an operating profit (EBITDA) of SEK 5.9 billion