Tele2 announces targets for Russia and Baltic

Riga - Tele2 AB ("Tele2"), (Stockholm Stock Exchange: TEL2 A and TEL2
B), Europe's leading alternative telecom operator, at its Capital
Market Days hosted in Riga, on Tuesday presented its targets
regarding sustainable EBITDA margins in Russia and the Baltic
countries.

The company expects to reach an EBITDA margin of 35-40 percent in
Russia and 30-40 percent in the Baltic countries, Lithuania being in
the upper end of the range. In addition, Tele2 expects, in the mid to
long term, to reach an ARPU for its Russian operations of USD 10 and
a customer base in existing regions of 10-11 million.

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Further information can be obtained from:
Lars-Johan Jarnheimer, President and CEO Tele2 AB, Telephone: +46 8
5626 4000
Johnny Svedberg, Market Area Director Baltic & Russia, +46 8 5626
4000
Lars Torstensson, Investor Inquiries, Telephone: +46 702 73 48 79


Tele2 is Europe's leading alternative telecom operator Tele2's
mission is to provide cheap and simple telecoms for everyone in
Europe. Tele2 always strives to offer the market's best prices. We
have 29 million customers in 22 countries. Tele2 offers fixed and
mobile telephony, broadband, data network services and cable TV. 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 OMX Nordic Exchange since 1996.
In 2006 we had operating revenue of SEK 50.3 billion and we reported
an operating profit (EBITDA) of SEK 5.7 billion.