Cancellation of Tele1 Europe N.V. Warrants in Connection with Tele1 Europe Holding ABs Initial Public Offering
NOT FOR RELEASE IN CANADA OR JAPAN Cancellation of Tele1 Europe N.V. Warrants in Connection with Tele1 Europe Holding AB's Initial Public Offering In connection with Tele1 Europe Holding AB's anticipated initial public offering of ordinary shares and ADSs announced on February 11, 2000, Tele1 Europe N.V. announces that it intends to exercise its right to cancel its outstanding warrants issued as part of its units offering in May 1999. As consideration for the cancellation, and in accordance with the warrant agreements governing the warrants, Tele1 Europe N.V. intends to deliver either (i)