Tele2 — Capital/Financing Update 2012

Nov 30, 2012

Press release 2012-11-29

Tele2 AB issues Swedish krona Bond

Stockholm - Tele2 AB (Tele2), (NASDAQ OMX Stockholm Exchange: TEL2 A and TEL2 B) announces that they successfully placed a 2.25 year bond in the Swedish bond market.

Tele2 AB, has successfully completed the issuance of a 2.25 year SEK 750 million bond in the Swedish bond market. The issue has a floating rate coupon of 3m STIBOR +1.10%. The bond has been issued under the companys EMTN program and will be listed on the Luxembourg Stock Exchange

SEB acted Lead Manager for the transaction.

For further information, contact:

Lars Torstensson, Investor Inquiries, Telephone: +46 702 73 48 79 Pernilla Oldmark, Press Inquiries, Telephone: +46 704 26 45 45

TELE2 IS ONE OF EUROPE'S LEADING TELECOM OPERATORS, ALWAYS PROVIDING THE BEST DEAL. We have 38 million customers in 11 countries. Tele2 offers mobile services, fixed broadband and telephony, data network services, cable TV and content services. 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 the NASDAQ OMX Stockholm since 1996. In 2011, we had net sales of SEK 41 billion and reported an operating profit (EBITDA) of SEK 11.2 billion