Tele2 AB: Tele2 Norway does not obtain frequencies in the Norwegian spectrum auction

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| Source: Tele2 AB
Stockholm – Tele2 AB (Tele2), (NASDAQ OMX Stockholm Exchange: TEL2 A and TEL2
B), today announced that it did not obtain any resources in the multiband
frequency auction held in Norway on December 2nd. Tele2 Norway will now continue
its network operations with frequency resources in the 900 and 2100 MHz band,
while seeking the opportunity to obtain available resources in the 1800 MHz
band.
Mats Granryd, President and CEO of Tele2 AB: “We are obviously not satisfied
with the outcome of the auction, but we will continue to build on our strong
position in Norway. Our own network covers about 75 percent of the population,
and we will continue to provide the Norwegian mobile customers with affordable
and easy-to-use mobile services.”

Tele2 Norway’s operations continue on frequency resources in the 900 and 2100
MHz band, while seeking the opportunity to obtain additional available resources
in the 1800 MHz band. Tele2 will be able to utilize its existing frequencies to
roll out 4G services.

Arild Hustad, CEO of Tele2 Norway comments: “Nothing changes for our customers.
We still have the same mobile network as we had yesterday, and we will continue
to be the challenger in Norway. Tele2 has great experience in achieving growth
through a combination of joint ventures and other forms of partnerships. That
knowledge will be valuable going forward, while we also seek the opportunity to
obtain available resources in the 1800 MHz band.”

Tele2 will now further evaluate the situation after the auction and take the
appropriate actions to strengthen its position in the country.

Invitation to a press conference

Tele2 invites to a press conference on Tuesday the 10th of December. Time and
place will be announced shortly.

For further information, contact:

Lars Torstensson, EVP Corporate Communication, Telephone: +46 702 73 48 79

Viktor Wallström, Press Inquiries, Telephone: +46 703 63 53 27

TELE2 IS ONE OF EUROPE'S FASTEST GROWING TELECOM OPERATORS, ALWAYS PROVIDING
CUSTOMERS WITH WHAT THEY NEED FOR LESS. We have 15 million customers in 10
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 NASDAQ
OMX Stockholm since 1996. In 2012, we had net sales of SEK 31 billion and
reported an operating profit (EBITDA) of SEK 6 billion.