The U.S. and Dutch authorities present proposed settlement amount

FINLAND


The U.S. and Dutch authorities have since the spring of 2014 investigated
historical transactions related to Telia Company’s entry into Uzbekistan in
2007. On the evening of 14 September, Telia Company received new information
from the authorities with proposals from them for a settlement with the company.
The information received was general and did not go into much detail but
suggests a total settlement amount of approximately USD 1.4 billion which
corresponds to approximately SEK 12 billion for all investigations.
“I have said on many occasions in the past that Telia Company’s entry into
Uzbekistan was done in an unethical and wrongful way and we are prepared to take
full responsibility. We are cooperating fully with the authorities to bring
clarity to the matter. With that said, our initial reaction to the proposal is
that the amount is very high. We will now have to analyze the information and
decide on how to proceed with the ongoing discussions with the authorities,”
says Telia Company’s Chairman Marie Ehrling.


Analyst and media telephone conference at 8.30 a.m. CET

Telia Company invites you to a conference call with Telia Company’s President
and CEO Johan Dennelind, General Counsel Jonas Bengtsson and CFO Christian
Luiga.

Dial-in number: +44 (0) 1452 555566
Access code: 83137312

You can also listen to the conference call afterwards until September 20, 2016.
Replay number: +44 (0) 1452550000
Access code: 83137312


Telia Company AB discloses the information provided herein pursuant to the
Swedish Securities Markets Act and/or the Swedish Financial Instrument Trading
Act. The information was submitted for publication at time 7:45 on September 15,
2016.

For more information, please contact our press office +46 771 77 58 30, visit
our Newsroom (http://www.teliacompany.com/en/newsroom/) or follow us on Twitter
@Teliacompany (https://twitter.com/Teliacompany).


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including future performance and other trend projections are forward-looking
statements. By their nature, forward-looking statements involve risk and
uncertainty because they relate to events and depend on circumstances that will
occur in the future. There can be no assurance that actual results will not
differ materially from those expressed or implied by these forward-looking
statements due to many factors, many of which are outside the control of Telia
Company.

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Attachments

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