One time effects related to divestments made in the second quarter 2007

Stockholm - Tele2 AB, ("Tele2"), (Stockholm Stock Exchange: TEL2 A
and TEL2 B), Europe's leading alternative telecom operator, today
announced that it expects a negative one time effect of approximately
MSEK 600 in the second quarter 2007. The effect is attributable to
the earlier announced divestments of Alpha Telecom and C3, which was
completed in the second quarter 2007.

During the second quarter 2007 the divestment of Alpha Telecom and C3
was completed, which will result in a negative one time effect of
approximately MSEK 600.

The sale of Tele2 Denmark and UNI2 Denmark will have a positive one
time effect of approximately MSEK 400 and is expected to be presented
in the third quarter 2007.
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Further information can be obtained from:
Lars-Johan Jarnheimer, President and CEO Tele2 AB, Telephone: +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.