Interim Report January-March 2009

Stockholm - Wednesday, April 22, 2009 - Tele2 AB ("Tele2") (OMX
Nordic Exchange: TEL2 A and TEL2 B), today announced its consolidated
results for the first quarter 2009." Tele2 continues to deliver"
Tele2 continues to deliver in the first quarter of 2009. Market
conditions became increasingly
tougher but we have managed to perform well. I am pleased to present
a robust
annual sales growth and a solid EBITDA result", states Harri Koponen,
President and CEO of Tele2.

Financial highlights
During Q1 2009, net sales amounted to SEK 10,120 (9,527) million, an
increase of 6 percent, while EBITDA increased by 34 percent to SEK
2,227 (1,660) million. Despite a difficult economic environment, the
company has been able to improve profitability through cost control
and improved efficiency.

Tele2 Russia accelerated development of new regions
Tele2 made operational progress focusing on improved efficiency for
existing regions. New region activities accelerated during the
quarter by means of network deployment and commercial activities.

Stable operational development in the Baltic region
Tele2's Baltic operations saw stable EBITDA contribution in the
quarter, led by Lithuania that delivered record high margin of 37
(34) percent.

New partnership to build joint LTE network in Sweden
Tele2 Sweden presented a partnership to build a joint LTE network in
Sweden. The agreement included the formation of a joint venture for
network construction and sharing of spectrum for mobile
communication.

The Interim report is available on www.tele2.com.

Result meeting
Tele2 will present the results during a meeting at Clarion Hotel
Sign, Norra Bantorget, Stockholm, at 10.00 am CET (09:00 am UK
time/04:00 am NY time) on Wednesday, April 22, 2009. The meeting will
be held in English and webcasted on Tele2's website, www.tele2.com,
with the possibility to enter questions online.

Conference call details
It will also be possible to listen to the meeting live over the phone
and attend the Q&A session via a conference call. Please note that
there might be a time lag of up to 30 seconds between the Internet
broadcast and the conference call if you are simultaneously watching
and calling in to the press conference.

To ensure that you are connected to the conference call, please dial
in a few minutes before the start of the press conference to register
your attendance.

The dial-in numbers are:

Sweden: +46 8 50 52 02 70                                     UK: +
44 208 817 9301
US: + 1 718 354 1226

You will also be in a position to listen to the conference call
afterwards:
Replay number until May 2, 2009: +44 207 769 6425
Access code: 1646 970#

Contacts
Harri Koponen, President and CEO
Telephone: +46 (0)8 5626 4000

Lars Nilsson, CFO
Telephone: +46 (0)8 5626 4000

Lars Torstensson, Investor Relations
Telephone: + 46 (0)8 5620 0042

TELE2 IS ONE OF EUROPE'S LEADING ALTERNATIVE TELECOM OPERATORS.
Tele2's mission is to provide affordable and easy connectivity for
everyone at anytime. Tele2 always strives to offer the market's best
prices. We have 24.5 million customers in 11 countries. Tele2 offers
mobile services, fixed broadband and telephony, data network
services, cable TV and content services. 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 OMX Nordic Exchange since 1996. In 2008, we
had net sales of SEK 39.5 billion and reported an operating profit
(EBITDA) of SEK 8.2 billion.