Eltel’s Nomination Committee composition for the AGM 2016

The Nomination Committee of Eltel AB consists of the representatives of the four
largest shareholders registered in the shareholders’ register of the company on
31 August 2015.
The main objective and responsibility of the Nomination Committee is to present
proposals on the nomination and remuneration of chairman and members of the
Board of Directors and the statutory auditor to the Annual General Meeting 2016.
On 31 August 2015 the four largest shareholders of Eltel AB were 3i, Zeres
Capital, Swedbank Robur and Fourth Swedish National Pension Fund (AP4),
representing 49.46 percent of the votes in the company. They have appointed the
following representatives to the Nomination Board:

  · Mattias Eklund, 3i (20.06% of votes)
  · Joakim Rubin, Zeres Capital (10.50% of votes)
  · Marianne Flink, Swedbank Robur Fonder AB (9.68% of votes)
  · Per Colleen, AP4 (9.22% of votes)

For the committee to consider the proposals received with sufficient care,
proposals should be submitted no later than March 2, 2016. The Committee’s
proposal will be presented in the Notice of the Annual General Meeting 2016 and
on the company website. Eltel’s Annual General Meeting 2016 will take place on 2
May 2016.

Shareholders in Eltel AB are invited to submit proposals to the Nomination
Committee by e-mail to paivi.hautamaki@eltelnetworks.com or at:

Eltel AB (publ.)
Attention: Group Legal
Box 126 23, SE-112 92 Stockholm, Sweden

For more information, please contact:
Päivi Hautamäki
General Counsel at Eltel AB
paivi.hautamaki@eltelnetworks.com

About Eltel
Eltel is a leading European provider of technical services for critical
infrastructure networks – Infranets – in the segments of Power, Communication
and Transport & Security, with operations throughout the Nordic and Baltic
regions, Poland, Germany, the United Kingdom and Africa. Eltel provides a broad
and integrated range of services, spanning from maintenance and upgrade services
to project deliveries. Eltel has a diverse contract portfolio and a loyal and
growing customer base of large network owners. The current number of employees
is approximately 9 300. In 2014 Eltel’s net sales amounted to EUR 1 242 million.
Since February 2015, Eltel AB is listed on Nasdaq Stockholm.