Tele2 — Earnings Release 2008

Apr 23, 2008

Press Release 2001-04-23

Tele2 AB gives additional information regarding tax and capex

Stockholm - Tele2 AB, ("Tele2"), (Stockholm Stock Exchange: TEL2 A and TEL2 B), announced additional information related to the interim report January-March 2008.

The following points should be taken into consideration when estimating 2008:

• In 2008 Tele2 forecast a corporate tax rate of approximately 15 percent. The tax payment will effect 2008 cash flow by approximately SEK 500 million
• In 2008 Tele2 forecast a capex level in the range of SEK 4,800-5,000 million

____________________________________________________________________

Further information can be obtained from:

Lars-Johan Jarnheimer, President and CEO, Telephone: +46 8 5626 4000 Lars Nilsson, CFO, Telephone: +46 8 5626 4000 Lars Torstensson, Investor Inquiries, Telephone: +46 702 73 48 79

Tele2 is one of Europe's leading alternative telecom operators. Tele2's mission is to provide price leading and easy-to-use telecom. Tele2 always strives to offer the market's best prices. We have 25 million customers in 15 countries. Tele2 offers fixed and mobile telephony, broadband, 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 OMX Nordic Exchange since 1996. In 2007, we had an operating revenue of SEK 43.4 billion and reported an operating profit (EBITDA) of SEK 6.6 billion. Please visit us at www.tele2.com.