Kinnevik Disclosure of Substantial Shareholding in Tele2


STOCKHOLM, Sweden, Oct. 2, 2002 (PRIMEZONE) -- Industriforvaltnings AB Kinnevik (pub) (org.nr 556001-9035) (Nasdaq:KVIKA) (Nasdaq:KVIKB) with subsidiaries, today announced that it has purchased 1,826,087 B-shares in Tele2 AB (pub) (org. nr 556410-8917) (Nasdaq:TLTOA) (Nasdaq:TLTOB) from Millicom International Cellular S.A. with subsidiaries. As from September 1, 2002, Industriforvaltnings AB Kinnevik with subsidiaries has in total purchased 3,740,126 B-shares in Tele2 AB from Millicom International Cellular S.A. with subsidiaries.

Industriforvaltnings AB Kinnevik with subsidiaries is hereby the owner of 6,498,880 A-shares and 21,572,733 B-shares in Tele2 AB, which together represent 19.0 per cent of the company's share capital and 25.3 per cent of the votes on a fully diluted basis.

For further information:

Vigo Carlund, CEO, Industriforvaltnings AB Kinnevik, +46 8 562 000 00

This information was brought to you by Waymaker http://www.waymaker.net

The following files are available for download:

http://www.waymaker.net/bitonline/2002/10/02/20021002BIT00910/wkr0001.doc http://www.waymaker.net/bitonline/2002/10/02/20021002BIT00910/wkr0002.pdf