Notice of Annual General Meeting


THE  SHAREHOLDERS OF TELE2  AB (publ) are  hereby invited to  the Annual General
Meeting on Monday 16 May 2011 at 1 p.m. CET at the Hotel Rival, Mariatorget 3 in
Stockholm.

NOTIFICATION

Shareholders who wish to participate at the Annual General Meeting shall:

  * have  their  names  entered  in  the  register of shareholders maintained by
    Euroclear Sweden AB on Tuesday 10 May 2011, and

  * notify  the Company of their intention to participate by no later than 1.00
    p.m.  CET  on  Tuesday  10 May  2011. The  notification  can  be made on the
    Company's  website,  www.tele2.com,  by  telephone +46 (0) 771 246 400 or in
    writing to the Company at:

Tele2 AB
C/o Computershare AB
P.O. Box 610
SE-182 16 Danderyd, Sweden

When  giving notice of  participation, the shareholders  shall state their name,
personal  identification  number  (or  company  registration  number),  address,
telephone  number, shareholdings and any advisors attending. If participation is
by  way of proxy, such document shall be submitted in connection with the notice
of  participation of  the Annual  General Meeting.  If the  proxy is issued by a
legal  entity, a certified copy of the registration certificate or an equivalent
certificate  of authority, shall be attached to the proxy. Written notifications
made by post should be marked "AGM".

Proxy  forms are available at the  Company's website www.tele2.com. For ordering
the  proxy forms the  same address and  telephone number can  be used as for the
notification, see above. Distance participation and voting is not available.

Shareholders  whose  shares  are  registered  in  the  names  of  nominees  must
temporarily  re-register the shares in their own name in order to be entitled to
participate  at the Annual General  Meeting. Shareholders wishing to re-register
must inform the nominee well in advance of Tuesday 10 May 2011.

PROPOSED AGENDA

  1. Opening of the Meeting.

  2. Election of Chairman of the Annual General Meeting.

  3. Preparation and approval of the voting list.

  4. Approval of the agenda.

  5. Election of one or two persons to check and verify the minutes.

  6. Determination   of  whether  the  Annual  General  Meeting  has  been  duly
     convened.

  7. Statement  by  the  Chairman  of  the  Board  on  the  work of the Board of
     Directors.

  8. Presentation by the Chief Executive Officer.

  9. Presentation  of  Annual  Report,  Auditors'  Report  and  the consolidated
     financial statements and the auditors' report on the consolidated financial
     statements.

 10. Resolution on the adoption of the income statement and Balance Sheet and of
     the consolidated income statement and the consolidated Balance Sheet.

 11. Resolution  on  the  proposed  treatment  of  the  Company's unappropriated
     earnings or accumulated loss as stated in the adopted Balance Sheet.

 12. Resolution  on the discharge of liability of the directors of the Board and
     the Chief Executive Officer.

 13. Determination of the number of directors of the Board.

 14. Determination  of the  remuneration to  the directors  of the Board and the
     auditor.

 15. Election of the directors of the Board and the Chairman of the Board.

 16. Approval of the procedure of the Nomination Committee.

 17. Resolution regarding Guidelines for remuneration to the senior executives.

Resolution regarding incentive programme comprising the following resolutions:

adoption of an incentive programme;

authorisation to resolve to issue Class C shares;

authorisation to resolve to repurchase own Class C shares;

transfer of own Class B shares.

 18. Resolution  to authorise the Board of Directors to resolve on repurchase of
     own shares.

 19. Resolution on amendment of the Articles of Association.

 20. Shareholder's  proposal to resolve up on appointing an independent examiner
     to  investigate the  Company's customer  policy in  accordance with Chapter
     10, Section 21 of the Companies Act.

 21. Shareholder's  proposal to resolve up on appointing an independent examiner
     to  investigate the Company's investor  relations policy in accordance with
     Chapter 10, Section 21 of the Companies Act.

 22. Shareholder's proposal to establish a customer ombudsman function.

 23. Shareholder's  proposal  regarding  an  annual  evaluation of the Company's
     "work with gender equality and ethnicity".

 24. Shareholder's proposal regarding "separate General Meetings".

 25. Closing of the Meeting.



NOMINATION COMMITTEE PROPOSALS (Items 2 and 13-16)

Election of Chairman of the Annual General Meeting (Item 2)

The Nomination Committee proposes that the lawyer Wilhelm Lüning is appointed to
be the Chairman of the Annual General Meeting.

Determination  of  the  number  of  directors  of  the Board and election of the
directors of the Board and the Chairman of the Board (Item 13 and 15)

The  Nomination Committee proposes that the  Board of Directors shall consist of
eight  directors and no deputy directors. The Nomination Committee proposes, for
the  period until the close of the  next Annual General Meeting, the re-election
of  Mia Brunell  Livfors, John  Hepburn, Mike  Parton, John Shakeshaft, Cristina
Stenbeck, Lars Berg, Erik Mitteregger and Jere Calmes as directors of the Board.
The Nomination Committee proposes that the Annual General Meeting shall re-elect
Mike  Parton as Chairman of the Board  of Directors. Furthermore, it is proposed
that  the Board of Directors at the  Constituent Board Meeting appoints an Audit
Committee  and  a  Remuneration  Committee  within  the  Board of Directors. The
Nomination  Committee's  motivated  opinion  regarding  proposal of the Board of
Directors is available at the Company's website, www.tele2.com.

Election of auditor

It was noted that the accounting firm Deloitte AB was appointed as auditor, with
the  Authorised Public  Accountant Jan  Berntsson as  auditor in  charge, at the
Annual  General  Meeting  in  2008, for  a  period  of  four  years. The task of
appointing  an auditor is not scheduled  to occur until 2012, and will therefore
not occur at this 2011 Annual General Meeting.

Determination  of the remuneration to the directors of the Board and the auditor
(Item 14)

The  Nomination Committee proposes  that the Annual  General Meeting resolves to
increase  the total Board  remuneration from SEK  4,975,000 to SEK 5,425,000 for
the  period until  the close  of the  next Annual  General Meeting  in 2012. The
proposal  includes SEK 1,300,000 to  be allocated to  the Chairman of the Board,
SEK  500,000 to each of the directors of the Board and total SEK 625,000 for the
work  in  the  committees  of  the  Board of Directors. The Nomination Committee
proposes that for work within the Audit Committee SEK 200,000 shall be allocated
to  the Chairman and  SEK 100,000 to each  of the other  three members. For work
within  the Remuneration Committee SEK 50,000 shall be allocated to the Chairman
and  SEK 25,000 to each of the other three members. Furthermore, remuneration to
the auditor shall be paid in accordance with approved invoices.

Approval of the procedure of the Nomination Committee (Item 16)

The  Nomination Committee proposes that the  Annual General Meeting approves the
following  procedure for preparation  of the election  of the Board of Directors
and  auditor. The work of preparing a proposal on the directors of the Board and
auditor,  in the case that an auditor  should be elected, and their remuneration
as  well as the proposal on the Chairman  of the Annual General Meeting of 2012
shall  be performed by a Nomination  Committee. The Nomination Committee will be
formed  during October 2011 in consultation with the largest shareholders of the
Company  as per 30 September  2011. The Nomination Committee  will consist of at
least  three members representing  the largest shareholders  of the Company. The
Nomination Committee is appointed for a term of office commencing at the time of
the  announcement of  the third  quarter report  in 2011 and  ending when  a new
Nomination Committee is formed. The majority of the members of the Committee may
not  be directors  of the  Board of  Directors or  employed by the Company. If a
member  of the  Committee resigns  before the  work is  concluded, a replacement
member  may be appointed after consultation with the largest shareholders of the
Company.  However, unless  there are  special circumstances,  there shall not be
changes  in  the  composition  of  the  Nomination  Committee  if there are only
marginal  changes in the number of votes, or  if a change occurs less than three
months  prior to the Annual General Meeting.  Cristina Stenbeck will be a member
of the Committee and will also act as its convenor. The members of the Committee
will  appoint  the  Committee  Chairman  at  their first meeting. The Nomination
Committee  shall have the right to upon request receive personnel resources such
as  secretarial services from the Company, and  to charge the Company with costs
for recruitment consultants if deemed necessary.

DIVIDENDS (Item 11)

The  Board of Directors proposes an ordinary  dividend of SEK 6 per share and an
extra  ordinary dividend  of SEK  21 per share,  in total  SEK 27 per share. The
record  date is proposed to  be on 19 May 2011. The  dividend is estimated to be
paid out by Euroclear Sweden on 24 May 2011.

GUIDELINES FOR REMUNERATION TO THE SENIOR EXECUTIVES (Item 17)

The  Board proposes  the following  guidelines for  determining remuneration for
senior  executives for 2011, to be approved by the Annual General Meeting in May
2011.

The  objectives  of  Tele2's  remuneration  guidelines  are to offer competitive
remuneration  packages to attract, motivate, and retain key employees within the
context  of an  international peer  group. The  aim is  to create incentives for
management  to execute strategic  plans and deliver  excellent operating results
and  to align  management's incentives  with the  interests of the shareholders.
Senior executives covered by the proposed guidelines include the CEO and members
of  the  Leadership  Team  ("senior  executives").  At present, Tele2 has twelve
senior executives.

Remuneration  to the  senior executives  should comprise  annual base salary and
variable  short-term incentive (STI) and long-term incentive (LTI) programs. The
STI shall be based on the performance in relation to established objectives. The
objectives  shall  be  related  to  the  company's overall result and the senior
executives'  individual performance.  The STI  can amount  to a  maximum of 100
percent of the annual base salary.

Over  time,  it  is  the  intention  of  the Board to increase the proportion of
variable performance based compensation as a component of the senior executives'
total compensation.

The  Board shall continually  consider the need  of imposing restrictions in the
variable  short-term incentive programs that are paid in cash, and make payments
under  such incentive programs  or proportions of  such payments, conditional on
whether  the performance on which it was based has proved to be sustainable over
time,  and/or  allowing  the  company  to  reclaim  components  of such variable
compensation  that have been paid on the basis of information which later proves
to be manifestly misstated.

Other benefits may include e.g. company cars and for expatriated senior
executives e.g. housing benefits for a limited period of time. The senior
executives may also be offered health care insurances.

The  senior executives are offered premium based pension plans. Pension premiums
for the CEO can amount to a maximum of 25 percent of the annual base salary. For
the  other senior  executives pension  premiums can  amount to  a maximum of 20
percent of the annual base salary.

The  maximum period of notice of termination of employment shall be 12 months in
the  event of termination by the CEO and  six months in the event of termination
by  any  of  the  other  senior  executives.  In the event of termination by the
company,  the maximum notice period during  which compensation is payable is 18
months for the CEO and 12 months for any of the other senior executives.

In  special circumstances, the  Board may deviate  from the above guidelines. In
such  a case,  the Board  is obligated  to give  account of  the reason  for the
deviation on the following Annual General Meeting.

PROPOSAL TO IMPLEMENT AN INCENTIVE PROGRAMME (Item 18)

The  Board of  Directors proposes  that the  Annual General  Meeting resolves to
adopt  a performance based  incentive programme for  senior executives and other
key  employees within  the Tele2  group in  accordance with items 18(a) - 18(d)
below.  All resolutions are proposed  to be conditional upon  each other and are
therefore proposed to be adopted in connection with each other.

PROPOSAL TO ADOPT AN INCENTIVE PROGRAMME (Item 18(a))

The  Board of  Directors proposes  that the  Annual General  Meeting resolves to
adopt a performance based incentive programme (the "Plan"). The Plan is proposed
to  include in total approximately 300 senior executives and other key employees
within  the Tele2 group. The participants in the Plan are required to own shares
in  Tele2. These shares can either be shares already held or shares purchased on
the  market  in  connection  with  notification  to participate in the Plan. The
proposed  Plan has the same structure as the  plan that was adopted at the 2010
Annual General Meeting.

For  each share held under the Plan,  the participants will be granted retention
rights  and  performance  rights  by  the  Company.  As  a consequence of market
conditions, employees in Russia and Kazakhstan will be offered to participate in
the  Plan without  being required  to hold  shares in  Tele2. In such cases, the
number  of allotted retention rights and  performance rights under the Plan will
be  reduced, and correspond to 37.5 percent of the number of rights allotted for
participation with a personal investment.

Subject  to  fulfilment  of  certain  retention and performance based conditions
during  the period 1 April 2011 - 31 March  2014 (the "Measurement Period"), the
participant  maintaining the employment within the Tele2 group at the release of
the  interim  report  January  -  March  2014 and  subject  to  the  participant
maintaining  the invested  shares (where  applicable) during  the vesting period
ending  at the  release of  the interim  report for  the period  January - March
2014, each  right entitles  the employee  to receive  one Class  B share  in the
Company.  Dividends paid  on the  underlying share  will increase  the number of
shares  that each retention right and performance  right entitles to in order to
treat the shareholders and the participants equally.

The  rights are  divided into  Series A;  retention rights  and Series  B and C;
performance  rights.  The  number  of  Tele2-shares the participant will receive
depends  on which category the  participant belongs to and  on the fulfilment of
the following defined retention and performance based conditions:

Series  A        Tele2's total shareholder  return on the share (TSR) during the
Measurement Period exceeding 0 percent as entry level.

Series  B         Tele2's average  normalised return of  capital employed (ROCE)
during  the Measurement Period  being at least  20 percent as entry level and at
least 24 percent as the stretch target.

Series  C        Tele2's total shareholder return on the shares (TSR) during the
Measurement  Period being equal  to the average  TSR for a  peer group including
Elisa, KPN, Millicom, Mobistar, MTS - Mobile TeleSystems, Telenor, Telia Sonera,
Turkcell and Vodafone as entry level, and exceeding the average TSR for the peer
group with 10 percentage points as the stretch target.

In  total, the Plan  is estimated to  comprise up to  317,000 shares held by the
employees  entitling  to  allotment  of  up to 1,380,000 rights whereof 317,000
retention  rights and 1,063,000 performance rights. The participants are divided
into  different  categories  and  in  accordance  with  the above, the Plan will
comprise  the following number  of shares and  maximum number of  rights for the
different categories:

  * the  CEO: may acquire up to 8,000 shares within the Plan, which entitles the
    holder  to receive a maximum of 8,000 Series A rights and 24,000 rights each
    of Series B and C;

  * senior executives and key employees (approx. 11 individuals): may acquire up
    to  4,000 shares within the Plan, entitling  the holder to receive a maximum
    of 4,000 Series A rights and 10,000 rights each of Series B and C;

  * category  1 (approx.  30 individuals  in  total,  including  8 in Russia and
    Kazakhstan):  may acquire up to 2,000 shares  within the Plan, entitling the
    holder  to receive a maximum of  2,000 Series A rights and 3,000 rights each
    of Series B and C;

  * category  2 (approx.  40 individuals  in  total,  including 14 in Russia and
    Kazakhstan):  may acquire up to 1,500 shares  within the Plan, entitling the
    holder  to receive a maximum of  1,500 Series A rights and 2,250 rights each
    of Series B and C;

  * category  3 (approx.  70 individuals  in  total,  including 26 in Russia and
    Kazakhstan):  may acquire up to 1,000 shares  within the Plan, entitling the
    holder  to receive a maximum of  1,000 Series A rights and 1,500 rights each
    of Series B and C; and

  * category  4 (approx. 150 individuals  in total,  including 62 in  Russia and
    Kazakhstan):  may acquire  up to  500 shares within  the Plan, entitling the
    holder  to receive a maximum  of 500 Series A rights  and 750 rights each of
    Series B and C.

The  participant's maximum profit per right in  the Plan is limited to SEK 591,
five  times the average closing  share price of the  Tele2 Class B shares during
February  2011 with deduction  for the  proposed dividend.  If the  value of the
Tele2  Class B shares exceeds SEK 591 at vesting, the number of shares that each
right  entitles the participant to receive  will be reduced correspondingly. The
maximum  dilution is  up to  0.38 percent in  terms of shares outstanding, 0.27
percent  in terms of  votes and 0.13 percent  in terms of  costs for the Plan as
defined  in  IFRS  2 divided  by  Tele2's  market  capitalisation, excluding the
dividends proposed to the Annual General Meeting.

The  Board  of  Directors,  or  a  committee  established by the Board for these
purposes,  shall be responsible for preparing  the detailed terms and conditions
of the Plan, in accordance with the mentioned terms and guidelines. To this end,
the  Board shall be entitled to make  adjustments to meet foreign regulations or
market conditions.

The  objective  of  the  proposed  Plan  is  to  create conditions for retaining
competent  employees in the group. The Plan  has been designed based on the view
that  it is desirable that senior executives  and other key employees within the
group  are shareholders  in the  Company. Participation  in the  Plan requires a
personal  investment  in  Tele2  shares,  be  it  shares  already held or shares
purchased  on the market in connection with the Plan. As a consequence of market
conditions, employees in Russia and Kazakhstan will be offered to participate in
the Plan without being required to hold shares in Tele2.

By  offering an allotment  of retention rights  and performance rights which are
based  on  profits  and  other  retention  and  performance based conditions the
participants  are rewarded  for increased  shareholder value.  Further, the Plan
rewards  employees' loyalty  and long-term  growth in  the Company. Against this
background,  the Board of Directors  is of the opinion  that the adoption of the
Plan  as set out above  will have a positive  effect on the Tele2 group's future
development and thus be beneficial for both the Company and its shareholders.

To  ensure the delivery of Class B shares under the Plan, the Board of Directors
proposes  that the General Meeting resolves  to authorise the Board of Directors
to  resolve on a  directed issue of  Class C shares  to Nordea Bank AB (publ) in
accordance  with item 18(b), and further to  authorise the Board of Directors to
subsequently resolve to repurchase the Class C shares from Nordea Bank AB (publ)
in  accordance with  item 18(c). The  Class C  shares will  then be  held by the
Company during the vesting period, where after the appropriate number of Class C
shares will be reclassified into Class B shares and subsequently be delivered to
the participants under the Plan.

The above proposal is supported by major shareholders.

AUTHORISATION TO RESOLVE TO ISSUE CLASS C SHARES (Item 18(b))

The  Board of  Directors proposes  that the  Annual General  Meeting resolves to
authorise  the  Board  of  Directors,  during  the  period until the next Annual
General  Meeting, to increase the  Company's share capital by  not more than SEK
2,125,000 by  the issue of  not more than  1,700,000 Class C shares, each with a
ratio  value of SEK 1.25. With  disapplication of the shareholders' preferential
rights, Nordea Bank AB (publ) shall be entitled to subscribe for the new Class C
shares  at a subscription price corresponding to  the ratio value of the shares.
The  purpose of the authorisation  and the reason for  the disapplication of the
shareholders'  preferential rights in connection with  the issue of shares is to
ensure delivery of Class B shares to participants under the Plan.

AUTHORISATION TO RESOLVE TO REPURCHASE OWN CLASS C SHARES (Item 18(c))

The  Board of  Directors proposes  that the  Annual General  Meeting resolves to
authorise  the  Board  of  Directors,  during  the  period until the next Annual
General  Meeting, to repurchase its own Class  C shares. The repurchase may only
be effected through a public offer directed to all holders of Class C shares and
shall comprise all outstanding Class C shares. The purchase may be effected at a
purchase  price corresponding to  not less than  SEK 1.25 and not  more than SEK
1.35. Payment  for the Class C shares shall be  made in cash. The purpose of the
repurchase is to ensure the delivery of Class B shares under the Plan.

TRANSFER OF OWN CLASS B SHARES (Item 18(d))

The  Board of Directors  proposes that the  Annual General Meeting resolves that
Class  C shares  that the  Company purchases  by virtue  of the authorisation to
repurchase  its  own  shares  in  accordance  with  item  18(c) above, following
reclassification  into Class  B shares,  may be  transferred to  participants in
accordance with the terms of the Plan.

AUTHORISATION  FOR THE BOARD OF DIRECTORS TO RESOLVE ON REPURCHASE OF OWN SHARES
(Item 19)

The  Board of Directors proposes that  the Annual General Meeting authorises the
Board  of Directors to pass a resolution on one or more occasions for the period
up  until the next Annual General Meeting on repurchasing so many Class A and/or
Class B shares that the Company's holding does not at any time exceed 10 percent
of  the total number  of shares in  the Company. The  repurchase of shares shall
take  place on the NASDAQ OMX Stockholm and may only occur at a price within the
share  price interval registered at that  time, where share price interval means
the difference between the highest buying price and lowest selling price.

The  purpose of the authorisation is to  give the Board of Directors flexibility
to  continuously decide on changes to the  capital structure during the year and
thereby contribute to increased shareholder value.

AMENDMENT OF THE ARTICLES OF ASSOCIATION (Item 20)

Due  to amendments to the Swedish Companies  Act the Board of Directors proposes
that  the  Annual  General  Meeting  resolves  on  additions  and alterations of
Sections 7 and 9 of the Articles of Association.

The Board of Directors proposes an addition to Section 7 involving that the term
of  office of the auditor shall last until the end of the Annual General Meeting
which  is held during the fourth financial year after the election. The Board of
Directors proposes that Section 7 shall have the following wording.

"The  Company shall have no more than three Auditors, with no more than the same
number of Deputy Auditors, or a registered accounting firm. The Auditors term of
office  shall last  until the  end of  the Annual  General Meeting which is held
during the fourth financial year after the Auditor was elected."

Regarding Section 9 the Board of Directors proposes that the rules regarding the
timetable  for  the  notice  convening  General  Meetings,  in  Section  9 first
paragraph  of  the  Articles  of  Association,  be  deleted from the Articles of
Association.

Shareholder's  proposal to resolve  up on appointing  an independent examiner to
investigate the company's Customer policy in accordance with Chapter 10, Section
21 of the Companies ACt (Item 21)

The  shareholder  Thorwald  Arvidsson  proposes  that the Annual General Meeting
resolves  up on  an appointment  of an  independent examiner  to investigate the
Company's customer policy.

Shareholder's  proposal to resolve  up on appointing  an independent examiner to
investigate  the company's investor relations  policy in accordance with Chapter
10, Section 21 of the Companies ACt (Item 22)

The  shareholder  Thorwald  Arvidsson  proposes  that the Annual General Meeting
resolves  up on  an appointment  of an  independent examiner  to investigate the
Company's investor relations policy.

Shareholder's proposal to establish a custumer ombudsman function (Item 23)

The  shareholder  Thorwald  Arvidsson  proposes  that the Annual General Meeting
resolves to establish a customer ombudsman function.

Shareholder's  proposal regarding  an annual  evaluation of  the Company's "work
with gender equality and ethnicity" (item 24)

Shareholder  Thorwald Arvidsson proposes that  the Annual General Meeting should
assign  to the Board  of Directors to  annually commission an  evaluation of the
Company's  "work with gender equality and ethnicity", and to present the results
in the Annual Report.

Shareholder's proposal regarding "separate General Meetings" (item 25)

Shareholder Thorwald Arvidsson proposes that the Annual General Meeting resolves
that Tele2's General Meetings hereafter must be held separately from the General
Meetings of Investment AB Kinnevik, Modern Times Group MTG AB and CDON Group AB.

SHARES AND VOTES

There  are  a  total  number  of  447,083,339 shares  in  the  Company,  whereof
20,990,050 Class A shares,  422,824,289 Class  B  shares  and  3,269,000 Class C
shares,  corresponding to  a total  of 635,993,789 votes.  The Company currently
holds 3,269,000 of its own Class C shares corresponding to 3,269,000 votes which
cannot be represented at the Annual General Meeting.

OTHER INFORMATION

Valid resolutions under items 18(b), 18(c), 19 and 20 above require approval of
shareholders representing at least two-thirds of the shares and number of votes
represented at the Annual General Meeting. Valid resolutions under items 18(a)
and 18(d) above require approval of shareholders representing at least nine-
tenth of the shares and the numbers of votes represented at the Annual General
Meeting. Items 18(a) - 18(d) are conditional upon each other. In order for the
resolution under item 21 and 22 to result in an appointment of a special
investigator according to the announced proposal it is required that the Annual
General Meetings's resolution is supported by shareholders representing either
at least one tenth of all shares in the Bank or at least one third of the shares
represented at the meeting.

From  Thursday  21 April  2011 at  the  latest,  the  accounting  documents, the
Auditor's  Report,  the  statements  of  the  Board  of directors, the auditor's
statement  pursuant to  Chapter 8 Section  54 of the  Swedish Companies Act, the
complete text of the proposals of the Board of Directors as well as the complete
text  of the proposals under items 21-25 will be made available at the Company's
website  at www.tele2.com,  and at  the Company's  premises at  Skeppsbron 18 in
Stockholm.  Shareholders  who  wish  to  receive  these documents may notify the
Company, whereupon the documents will be sent by post or by e-mail.

The Board of Directors and the CEO shall, if any shareholder so requests and the
Board  of Directors believes  that it can  be done without  material harm to the
company,  provide  information  regarding  circumstances  that  may  affect  the
assessment  of  an  item  on  the  agenda,  circumstances  that  can  affect the
assessment  of the  company's or  its subsidiaries'  financial situation and the
company's  relation to  other companies  within the  group and  the consolidated
accounts.

The  Annual General Meeting will mainly be held  in Swedish. As a service to the
shareholders,  simultaneous interpretation  from Swedish  to English  as well as
from English to Swedish will be provided.

Schedule for the Meeting

12 noon. The doors open for shareholders.

1 p.m. The Annual General Meeting commences.



                             Stockholm, April 2011

                     Tele2 AB (publ) the Board of Directors


[HUG#1506319]

Attachments

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