Tele2 — Share Issue/Capital Change 2019

Sep 30, 2019

Tele2 AB Skeppsbron 18 P.O Box 2094 SE-103 13 Stockholm, Sweden Telephone +46 8 5620 0060 Fax: +46 8 5620 0040 www.tele2.com

2019-09-30

PRESS RELEASE

Change in the number of votes in Tele2

Stockholm – Tele2 AB ("Tele2" or the "Company") (Nasdaq Stockholm: TEL2 A and TEL2 B) today announced that Tele2's total number of votes has decreased.

Owners of 9,277 class A shares in Tele2 have requested the conversion of these to class B shares in accordance with the reclassification provision set forth in § 5 of the Company's articles of association.

As of September 30, 2019, the total number of shares in Tele2 amounts to 690,341,597 of which 22,597,645 are class A shares with ten votes each, 665,844,952 are class B shares with one vote each and 1,899,000 are class C shares with one vote each. The total number of votes in the Company amounts to 893,720,402. The total number of votes in the Company excluding 664,238 class B shares and 1,899,000 class C shares held in treasury amounts to 891,157,164.

This information is information that Tele2 AB (publ) is obliged to make public pursuant to the Financial Instruments Trading Act. The information was submitted for publication at 13:00 CEST on September 30, 2019.

For more information, please contact:

Joel Ibson, Head of Corporate Communications, Phone: +46 766 26 44 00 Marcus Lindberg, Head of Investor Relations, Phone: +46 73 439 25 40

TELE2'S MISSION IS TO FEARLESSLY LIBERATE PEOPLE TO LIVE A MORE CONNECTED LIFE. We constantly strive to be the truly integrated challenger – providing speed, data and video content, no matter where or when. Ever since Tele2 was founded in 1993, we have continued to challenge prevailing norms and dusty monopolies. Today, our award winning networks enable mobile and fixed connectivity, telephony, data network services, TV, streaming and global IoT solutions for millions of customers. We drive growth through customer satisfaction and smart combined offerings. Tele2 has been listed on Nasdaq Stockholm since 1996. In 2018, Tele2 generated revenue of SEK 30 billion and reported an underlying EBITDA of SEK 9 billion. For latest news and definitions of measures, please see our homepage www.tele2.com