TeliaSonera controls 88 per cent of TEO LT

NOT TO BE DISTRIBUTED IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR
ITALY

Disclaimer

The takeover bid is not being made in the United States of America, Canada,
Australia, Japan or Italy. Copies of these materials are not being made and may
not be distributed or sent into the United States, Canada, Australia, Japan or
Italy.

The takeover bid is made in accordance with the laws of the Republic of
Lithuania and is not subject to any filing with, or approval by, any foreign
regulatory authority. TeliaSonera submitted takeover bid application package to
the Bank of Lithuania and launched the takeover bid following the approval of
the Takeover Bid Circular.

This information does not constitute, or form part of, any offer or invitation
to sell, or any solicitation of any offer to purchase any securities in any
jurisdiction, nor shall it (or any part of it) or the fact of its distribution
form the basis of or be relied on in connection with, any contract therefore.

The takeover bid is not being made and will not be made directly or indirectly
in, or by use of the mails of, or by any means or instrumentality of interstate
or foreign commerce of, or any facilities of a national securities exchange of,
the United States of America, Canada, Australia, Japan or Italy.

This includes, but is not limited to, facsimile transmission, electronic mail,
telex, telephone and the Internet. Accordingly, copies of these documents and
any related takeover bid documents are not being, and must not be, mailed or
otherwise transmitted, distributed or forwarded in or into the United States of
America, Canada, Australia, Japan or Italy.

Any purported acceptance of the takeover bid resulting directly or indirectly
from a violation of these restrictions will be invalid. No securities or other
consideration is being solicited and if sent in response by a resident of the
United States of America, Canada, Australia, Japan or Italy will not be
accepted.

No indications of interest in the takeover bid are sought by these materials.

The release, publication or distribution of this information in certain
jurisdictions may be restricted by law and therefore persons in such
jurisdictions into which this information is released, published or distributed
should inform themselves about and observe such restrictions.

Receipt of this information will not constitute a takeover bid in those
jurisdictions in which it would be illegal to make the takeover bid and in such
circumstances it will be deemed to have been sent for information purposes only.
Persons receiving this document or any other related documents (including
custodians, nominees and trustees) should observe these restrictions and must
not send or distribute this document in or into the United States of America
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acceptance.

By clicking “Yes, I accept” below, you acknowledge that you are not a resident
of the United States, Canada, Australia, Japan or Italy and are not physically
present in the United States, Canada, Australia, Japan or Italy.

Following the completion of the voluntary takeover bid and open market
purchases, TeliaSonera acquired 93.2 million shares of TEO LT and increased its
ownership in the company from 68.29 in the beginning of May, 2012, to 88.15 per
cent currently (including shares, acquired from East Capital). Total value of
the purchases amounted to EUR 59.3 million.

Following the agreement with East Capital to acquire 7.87 per cent of TEO LT on
May 7, the voluntary takeover bid was launched on June 5 and expired on June 29.
The takeover bid price was EUR 0.637 per share in cash. 12.7 million shares were
submitted into the offer, 80.4 million shares were acquired in the open market
at the same price of EUR 0.637 during the period from May 8 to June 29.

“The effort was very successful and it is a significant achievement in
implementation of the strategy to increase the ownership in our core holdings.
We succeeded to boost our ownership in TEO LT by almost 20 percentage points.
Vast majority of institutional investors have decided to accept our offer and it
is obvious, that the role of TEO in the stock exchange will be different
henceforth, but we intend to keep the company listed as long as the free-float
is reasonable”, Per-Arne Blomquist, Executive Vice President and CFO of
TeliaSonera, said.

The settlement of all sell orders placed into the takeover bid will take place
on Wednesday, July 4, 2012.

TeliaSonera 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 08,30 A:M. CET on July 2, 2012.

For more information, please call the TeliaSonera press office + 46-771 77 58
30, press@teliasonera.com

Forward-Looking Statements
Statements made in the press release relating to future status or circumstances,
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
TeliaSonera.