Senior employees to leave TeliaSonera

| Source: TeliaSonera AB
On April 18 TeliaSonera’s Board of Directors assigned the international law firm
Norton Rose Fulbright LLP with the task to conduct a thorough review of the
transactions and agreements made over the past few years by TeliaSonera and
partners in Eurasia. The purpose of the review was for the Board and management
to get as thorough a view as possible of the Group’s transactions in Eurasia,
and to carry out a risk assessment from a business ethics perspective of these
The review is still on-going. On the basis of the information and conclusions to
date it is evident to TeliaSonera’s Board and CEO that the processes for
conducting some transactions have not been in line with sound business
practices. As a consequence four individuals will now leave the company.

In addition to Norton Rose Fulbright the Swedish law firm Mannheimer Swartling
has also advised the Board.

Statement from Marie Ehrling, Chairman of the Board
“The Board’s conclusion is that some senior employees no longer have the trust
of the Board. Therefore they have been notified that their employment with
TeliaSonera will be terminated and they will leave their position effective
immediately. It is not the Board’s task to assess the legal aspects, but we have
decided to hand over the material from the Norton Rose Fulbright review to the
Prosecutor’s office as part of our continuous dialogue.”

“The President and CEO Johan Dennelind has already taken important measures to
strengthen governance and compliance in TeliaSonera. The board will with all
possible means support and facilitate this important work.”

Statement from Johan Dennelind, President and CEO
“Together with the Board I have come to the conclusion that the way some
transactions in the past were managed does not live up to the high standards of
business ethics and transparency that TeliaSonera wants to stand for. Based on
Norton Rose Fulbright’s findings I am taking necessary actions. It is the
responsibility of all our employees, including senior management, to ensure that
we maintain high standards of business ethics and to implement necessary
governance and compliance to uphold them. Going forward we need strong
leadership on all levels to create a sound culture.”

Analyst call
A telephone conference for analysts will be hosted by the CEO from 12:00 to
12:30 CET. Dial-in numbers: +44 (0) 1452 555 566, 0800 694 02 57 Access code:

TeliaSonera AB discloses the information provided herein pursuant to the Swedish
Securities Markets Act and/or the Swedish Financial Instrument Trading Act. The
information was submitted for publication at 08:55 a.m. CET on November 29,

For more information, please contact the TeliaSonera press office +46 771 77 58
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TeliaSonera provides network access and telecommunication services in the Nordic
and Baltic countries, the emerging markets of Eurasia, including Russia and
Turkey, and in Spain. TeliaSonera helps people and companies communicate in an
easy, efficient and environmentally friendly way. Our ambition is to be number
one or two in all our markets, providing the best customer experience, high
quality networks and cost efficient operations. TeliaSonera is also the leading
European wholesale provider with a wholly-owned international carrier network.
In 2012, net sales amounted to SEK 105 billion, EBITDA to SEK 36.1 billion and
earnings per share to SEK 4.59. The TeliaSonera share is listed on NASDAQ OMX
Stockholm and NASDAQ OMX Helsinki. Read more at (