Telia Company

Capital/Financing Update • Nov 4, 2009

Press Release

November 4, 2009

TeliaSonera AB issues 12 year Eurobond of EUR 600 million

TeliaSonera today issued a Eurobond of EUR 600 million under its existing EUR 7 billion EMTN (Euro Medium Term Note) programme. The Re-offer yield was set at 4.825% p.a. equivalent to Euro Mid-swaps + 105 bp for a 12 year deal maturing in November 2021.

"We are very pleased with this deal which further improves our well-balanced debt maturity profile. The order-book was many times oversubscribed and of high quality. Hence, we managed to secure long term financing at attractive rates," says Per-Arne Blomquist, Executive Vice President and CFO.

The Joint Bookrunners mandated by TeliaSonera for this transaction were Barclays, BNP Paribas, Citi and SEB.

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 16.45 CET on November 4, 2009.

For further information journalists can contact: The TeliaSonera Press Office, +46-771 77 58 30 investor-relations@teliasonera.com

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Forward-Looking Statements

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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.

TeliaSonera provides telecommunication services in the Nordic and Baltic countries, the emerging markets of Eurasia, including Russia and Turkey, and in Spain. We are the leading European provider of quality cross-border voice, IP and capacity services, provided through our wholly-owned international carrier network. In 2008, TeliaSonera's net sales amounted to SEK 104 billion, and at the end of December 2008 the total number of subscriptions was 135 million in 20 countries. The TeliaSonera share is listed on NASDAQ OMX Stockholm and NASDAQ OMX Helsinki. Simplicity and service are important tools for us in creating profitable growth and value for our customers and shareholders. Read more at www.teliasonera.com