NOTICE TO ATTEND THE EXTRAORDINARY GENERAL MEETING

The shareholders of Tele2 AB (publ) are hereby invited to the Extraordinary
General Meeting on Thursday October 27, 2016, at 10.00 a.m. CET at
Bygget Fest & Konferens, Norrlandsgatan 11, Stockholm, Sweden.
NOTICE ETC.

Shareholders who wish to attend the Extraordinary General Meeting shall

  ·
be entered in the share register maintained by Euroclear Sweden AB on Friday
October 21, 2016, and

  ·
give notice of their attendance no later than Friday October 21, 2016. Notice to
attend is to be made on the company’s website at www.tele2.com, by telephone to
+46 (0) 771 246 400 or by mail to Computershare AB "EGM Tele2", P.O. Box 610, SE
-182 16 Danderyd, Sweden.

Shareholders shall in their notice to attend state name, personal identification
number or company registration number, address, phone number and advisors, if
applicable. Shareholders whose shares are registered in the names of nominees
must temporarily re-register such shares in their own name in order to be
entitled to attend the Extraordinary General Meeting. In order for such re
-registration to be completed on Friday October 21, 2016, the shareholder must
inform their nominees well before that day. Shareholders attending by a proxy or
a representative should send documents of authorisation to the mail address
above, well before the General Meeting. A template proxy form is available on
the company’s website www.tele2.com. Shareholders cannot vote or, in other way,
attend the Extraordinary General Meeting by remote access.

PROPOSED AGENDA

 1.
Opening of the Extraordinary General Meeting.

 2.
Election of Chairman of the Extraordinary General Meeting.

 3.
Preparation and approval of the voting list.

 4.
Approval of the agenda.

 5.
Election of one or two persons to check and verify the minutes.

 6.
Determination of whether the Extraordinary General Meeting has been duly
convened.

 7.
Resolution regarding equity issue with preferential rights to existing
shareholders.

 8.
Closing of the Extraordinary General Meeting.

RESOLUTIONS PROPOSED BY THE BOARD

Resolution regarding equity issue with preferential rights to existing
shareholders (item 7)

The Board of Directors proposes that the Extraordinary General Meeting approves
the resolution the Board of Directors of October 3, 2016, to increase the share
capital by an equity issue with preferential rights to existing shareholders
made on the terms set out below (the “Rights Issue”). The objective of the
Rights Issue is to, in connection with the acquisition of TDC Sweden, maintain
the company’s financial strength. The Rights Issue is expected to result in
proceeds amounting to approximately SEK 3 billion, prior to costs for the issue.

The Board of Directors, or whom the Board appoint within itself, shall be
authorised to, no later than five weekdays prior to the record date, decide on
the amount that the company’s share capital shall be increased with, the maximum
number of A shares or shares that shall be issued in the Rights Issue, the
number of existing A shares and B shares, respectively, that shall entitle to
subscription for a certain number of new A shares and B shares, respectively,
and the subscription price that shall be paid for each new share.

Each holder of A shares or B shares shall have preferential right to subscribe
for new shares of the same class in proportion to the number of old shares held
by such holder (primary preferential rights). Shares not subscribed for with
primary preferential rights shall be offered for subscription to all
shareholders in the company (subsidiary preferential rights). If the number of
shares so offered is less than the number subscribed for with subsidiary
preferential rights, the shares shall be distributed among the subscribers in
proportion to the number of shares already held, or, to the extent that this is
not possible, by lot. In connection with a transfer of a subscription right
(primary preferential rights), the subsidiary preferential rights is also
transferred to the new holder of the subscription right.

Regarding shares that have not been subscribed for by virtue of primary or
subsidiary preferential rights, the allocation shall firstly be made to the
other subscribers and secondly to the underwriter of the Rights Issue, Nordea
Bank AB (publ), who has entered into a standby underwriting commitment, subject
to customary conditions, for the remaining portion of the Rights Issue. Upon
over-subscription of the rights issue by other subscribers, the allocation shall
be made in relation to the number of subscribed shares, or, to the extent that
this is not possible, by lot.

Tele2’s largest shareholder, Kinnevik AB (publ), representing 30.34 percent of
the total number of shares and 47.92 percent of the votes has committed to
subscribe for new shares corresponding to its pro rata share of the Rights
Issue. This commitment corresponds to approximately 91 percent of the total
number of new Tele2 A shares and approximately 27 percent of the total number of
new Tele2 B shares.

The record date for determining the right to receive subscription rights shall
be Monday October 31, 2016. Subscription for new shares by virtue of
subscription rights shall be made by way of cash payment during the period from
November 2, 2016, up to and including November 16, 2016. Application for
subscription of shares not based on subscription rights shall be made through
subscription on an application form during the same subscription period and, as
regards Nordea Bank AB (publ) in the capacity of guarantor of the Rights Issue,
up to and including November 24, 2016. Payment for shares which have not been
subscribed for based on subscription rights shall be made in cash not later than
three (3) business days following the date of the dispatch of a contract note
specifying allocation of shares. The Board shall be entitled to prolong the
subscription period as well as the time of payment.

The new shares entitle to dividends for the first time on the first record date
for dividend that take place after the Rights Issue has been registered with the
Swedish Companies Registration Office and been recorded in the share register
kept by Euroclear Sweden AB.

The Board, or the person that the Board will appoint, shall be authorised to
make minor adjustments to the Extraordinary General Meeting’s resolutions as may
be required in connection with registration at the Swedish Companies
Registration Office and Euroclear Sweden AB.

MISCELLANEOUS

Shares and votes

There are a total number of 451,083,339 shares in the company, whereof
20,260,910 Class A shares, 428,923,429 Class B shares and 1,899,000 Class C
shares, corresponding to a total of 633,431,529 votes. The company currently
holds 2,650,947 of its own Class B shares and 1,899,000 of its own Class C
shares corresponding to 4,549,947 votes which cannot be represented at the
Extraordinary General Meeting.

Documentation

Documents pursuant to Chapter 13, Section 6 of the Swedish Companies Act
(2000:551) will be made available at the latest on October 6, 2016, on the
company’s corporate website, www.tele2.com, at the company’s premises at
Skeppsbron 18 in Stockholm and will be sent to those shareholders who so request
and state their postal address or email address.

The documentation can be ordered by telephone at +46 (0) 771 246 400 or in
writing at the address Computershare AB "EGM Tele2", P.O. Box 610, SE-182 16
Danderyd, Sweden.

Stockholm, October 2016

Tele2 AB (publ)

The Board of Directors

Other information

Schedule for the Extraordinary General Meeting:

The doors open for shareholders at 09:00 a.m. CET.

The Extraordinary General Meeting commences at 10:00 a.m. CET.

Interpretation

The Extraordinary General Meeting will mainly be held in Swedish. As a service
to the shareholders, simultaneous interpretation from Swedish to English as well
as from English to Swedish will be provided. This service may be requested when
attendance to the Extraordinary General Meeting is notified.

For more information, please contact:
Angelica Gustafsson, Press Inquiries, Tele2 AB, Phone: +46 704 26 41 42
Louise Tjeder, Head of Investor Relations, Tele2 AB, Phone: +46 704 26 46 52

This information is information that Tele2 AB is obliged to make public pursuant
to the EU Market Abuse Regulation. The information was submitted for
publication, through the agency of the Head of Investor Relations set out above,
at 08.00 CET on October 4, 201

TELE2 IS ONE OF EUROPE'S FASTEST GROWING TELECOM OPERATORS, ALWAYS PROVIDING
CUSTOMERS WITH WHAT THEY NEED FOR LESS. We have 16 million customers in 9
countries. Tele2 offers mobile services, fixed broadband and telephony, data
network services, content services and global 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 2015, we had net sales of SEK
27 billion and reported an operating profit (EBITDA) of SEK 5.8 billion. For
definitions of measures, please see the last page of the Annual report 2015.