TeliaSonera January -- June 2003, Pro Forma*

STOCKHOLM, Sweden, July 31, 2003 (PRIMEZONE) -- TeliaSonera (Nasdaq:TLSN) (LSE:TLSNq) (Other OTC:SNEAF)(Other OTC:SNRAF):

Q2 in Brief

- Net sales in line with previous year, SEK 20,275 million (20,290).

- Operating income improved to SEK 2,744 million (-37,974).

- Excluding non-recurring items, operating income improved to SEK 3,963 million (800).

- Net income improved to SEK 1,499 million (-27,510) and earnings per share to SEK 0.32 (-5.88).

- EBITDA improved to SEK 7,747 million (1,734). Excluding non-recurring items, EBITDA improved to SEK 8,070 million (6,241) and the margin increased to 40 percent (31).

- Free cash flow increased to SEK 5,155 million (2,534).

First Half-Year in Brief

- Net sales increased 1.7 percent to SEK 40,624 million (39,932).

- Operating income improved to SEK 5,971 million (-33,349). Excluding non-recurring items, operating income improved to SEK 7,190 million (2,810).

- Net income improved to SEK 3,101 million (-23,632) and earnings per share to SEK 0.66 (-5.05).

- EBITDA improved to SEK 15,309 million (8,306). Excluding non-recurring items, EBITDA improved to SEK 15,632 million (12,213) and the margin increased to 38 percent (31).

- Free cash flow increased to SEK 9,052 million (2,245).



 Ernst & Young AB             KPMG Bohlins AB
 Lars Traff                   Thomas Thiel
 Authorized PublicAccountant  Authorized PublicAccountant

Questions regarding content: TeliaSonera AB Investor Relations SE-123 86 Farsta, Sweden Tel. +46 8 504 550 00 Fax +46 8 713 6947 www.teliasonera.com/ir



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* Pro forma presentation as if the merger of Telia and Sonera had takenplace on January 1, 2002 and excluding Telia's Finnish mobile operationsand Swedish cable TV operations. Convenience translation only,conversion rate SEK 1 = EUR 0.108888.

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TeliaSonera January -- June 2003, Pro Forma*

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