Com Hem upgraded by Standard & Poor’s corporate credit rating

Com Hem Holding AB (publ) (”Com Hem”) and NorCell Sweden Holding 3 AB (publ)
today announce that Standard & Poor’s have upgraded their corporate credit
rating on Com Hem by one notch from BB- to BB with a stable outlook.
The rating upgrade follows after Com Hem has reported a continued strong
operating performance in 2015 with a revenue growth of 5.0%, resulting in total
revenue of SEK 5,000m, and Underlying EBITDA growth of 3.7% to SEK 2,346m for
the full year. In combination with several successful refinancing activities
during 2014 and 2015, which have reduced the average interest rate of the debt
from 7.1 per cent in 2014 to 4.1 per cent in 2015, this has led to an improved
underlying cash flow generation of SEK 950m in 2015 compared to 2014.

As per Com Hem’s financial guidance for 2016, revenue as well as Underlying
EBITDA is expected to continue to grow mid-single digit, and blended interest
rates are expected to be further reduced to around 3 per cent at current market
rates, thereby saving at least SEK 100m in annual interest payments compared to
2015.

For queries, please contact:

Investors and analysts
Caroline Tivéus, IR-Manager
Tel: +46(0)734 39 08 67
Mail: caroline.tiveus@comhem.com

Disclaimer

The securities referred to in this announcement have not been and will not be
registered under the U.S.

Securities Act of 1933, as amended (the “Securities Act”).

Com Hem Holding AB (publ) discloses the information provided herein pursuant to
the Swedish Securities

Markets Act (2007:528) and the Swedish Financial Instruments Trading Act
(1991:980). The information was submitted for publication at 12:30 CET on March
2, 2016.

Matters discussed in this announcement may constitute forward-looking
statements. Forward-looking statements are statements that are not historical
facts and may be identified by words such as “believe,” “expect,” “anticipate,”
“intends,” “estimate,” “will,” “may,” "continue," “should” and similar
expressions. The forward-looking statements in this release are based upon
various assumptions, many of which are based, in turn, upon further assumptions.

Although Com Hem believes that these assumptions were reasonable when made,
these assumptions are inherently subject to significant known and unknown risks,
uncertainties, contingencies and other important factors which are difficult or
impossible to predict and are beyond its control. Such risks, uncertainties,
contingencies and other important factors could cause actual events to differ
materially from the expectations expressed or implied in this release by such
forward-looking statements.

The information, opinions and forward-looking statements contained in this
announcement speak only as at its date, and are subject to change without
notice.

About Com Hem

Com Hem is one of Sweden’s leading suppliers of high-speed broadband, television
and fixed-telephony. Approximately 40% of Sweden’s households are connected to
Com Hem’s network, with access to the market’s broadest range of television
services. Com Hem offers broadband speeds up to 500 Mbps to close to 2.0 million
households which is more than any other operator. Since 2013 Com Hem has a
competitive B2B-offer of broadband and telephony services. Com Hem was founded
in 1983, has approximately 1,200 employees and its head office is in Stockholm.
Operations are run through three subsidiaries; Com Hem AB, Phonera Företag AB
and iTUX Communication AB. Com Hem’s shares are listed on Nasdaq Stockholm. For
more information, visit: www.comhemgroup.com.