Tele2 AB establishes EMTN programme

Stockholm - Tele2 AB (Tele2), (NASDAQ OMX Stockholm Exchange: TEL2 A and TEL2 B)
announced today that it has established an Euro Medium-Term Note Programme.

Tele2 AB has established an Euro Medium-Term Note Programme registered on the
Luxembourg Stock Exchange for Notes. The Programme will form the basis for Tele2
AB's future medium and long term debt issuance in both international and
domestic markets. The programme enables Tele2 to issue bonds and notes up to a
total aggregate amount of EUR 3 billion.

Arrangers of the program have been Crédit Agricole Corporate and Investment
Bank, and The Royal Bank of Scotland plc.

For further information, contact:
Lars Torstensson, Investor Inquiries, Telephone: +46 702 73 48 79
Pernilla Oldmark, Press Inquiries, Telephone: +46 704 26 45 45

TELE2 IS ONE OF EUROPE'S LEADING TELECOM OPERATORS, ALWAYS PROVIDING THE BEST
DEAL. We have 34 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 NASDAQ OMX Stockholm since
1996. In 2011, we had net sales of SEK 41 billion and reported an operating
profit (EBITDA) of SEK 10.9 billion.

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