Tele2 divest Tele2 Hungary to Hungarian Telephone and Cable Corp ("HTCC")

Stockholm - Tele2 AB, ("Tele2"), (Stockholm Stock Exchange: TEL2 A
and TEL2 B), Europe's leading alternative telecom operator, today
announced that it has sold its Hungarian fixed telephony operations
to HTCC. HTCC will pay in cash approximately MSEK 40 on a debt and
cash free basis. Completion is expected following approval from the
Hungarian Competition Authorities.

Tele2 has built a strong operation in Hungary. However, in line with
its realignment, Tele2 has decided to exit Hungary and continue to
concentrate its operations to markets where Tele2 has a stronger
position and expectations of higher profitability.

At the end of May 2007, Tele2 Hungary had approximately 490 000 fixed
telephony customers. In 2006 Tele2 Hungary had revenues of MSEK 374
and EBITDA of MSEK -31. The transaction will have a positive one time
effect on Tele2 of approximately MSEK 20.
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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.