Tele2 increases its existing credit facility by approximately SEK 10.8 billion

Stockholm - Tele2 AB ("Tele2"), (Stockholm Stock Exchange: TEL2 A and
TEL2 B), Europe's leading alternative telecom operator, today
announced that it has increased its existing credit facility by SEK
10,790 billion. The total facility amount will after the increase
amount to SEK 29,59 billion.

The increase has been provided by a group of leading international
banks with WestLB as facility agent. The additional amount can be
used for general corporate purposes and is based on the terms and
conditions of the current loan agreement.

Tele2 was advised in this transaction by Banque Invik.
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Further information can be obtained from:
Lars-Johan Jarnheimer, President and CEO Tele2 AB, Telephone: +46 8
5626 4000
Donna Cordner, EVP Corporate Finance & Treasury, Telephone: +46 8
5626 4000
Lars Torstensson, Investor Inquiries, Telephone: +46 702 73 48 79

Tele2 is Europe's leading alternative telecom operator Tele2's
mission is to provide cheap and simple telecoms for everyone in
Europe. Tele2 always strives to offer the market's best prices. We
have 29 million customers in 22 countries. Tele2 offers fixed and
mobile telephony, broadband, data network services and cable TV. 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 OMX Nordic Exchange since 1996.
In 2006 we had operating revenue of SEK 50.3 billion and we reported
an operating profit (EBITDA) of SEK 5.7 billion.