Tele2 Sweden acquires more shares in Levicom Broadband

Tele2 Sweden acquires more shares in Levicom Broadband New York and Stockholm - December 28, 2001 - Tele2 AB, ("Tele2", "the Group") (Nasdaq Stock Market: TLTOA and TLTOB and Stockholmsbörsen: TEL2A and TEL2B), the leading alternative pan-European telecommunications company, today announces that Tele2 Sweden has increased its share ownership of Levicom Broadband from 60% to 100% by acquiring a 40% stake from Levicom International. Levicom Broadband operates fixed telephony and internet in Estonia as well as cable TV in Estonia and Lithuania. Tele2 AB, formed in 1993, is the leading alternative pan-European telecommunications company offering fixed and mobile telephony, data network and Internet services under the brands Tele2, Tango and Comviq to 13.9 million people in 22 countries. Tele2 operates Datametrix, which specializes in systems integration, 3C Communications, operating public pay telephones and public Internet services; Transac, providing billing and transaction processing service; C³, offering co-branded pre-paid calling cards and IntelliNet and Optimal Telecom, the price-guaranteed residential router device. The Group offers cable television services under the Kabelvision brand name and together with MTG, owns the Internet portal Everyday.com. The Company is listed on the Stockholmsbörsen, under TEL2A and TEL2B, and on the Nasdaq Stock Market under TLTOA and TLTOB. CONTACTS: Tele2 AB Lars-Johan Jarnheimer Telephone: + 46 8 562 640 00 President and CEO, Tele2 AB Andrew Best, Telephone: +44 7798 576378 Investor Relatons, London Patrik Linzenbold, Telephone: +46 8 562 000 53 Media Relations, Stockholm Visit our web site at www.tele2.com ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2001/12/28/20011228BIT00560/bit0002.doc http://www.waymaker.net/bitonline/2001/12/28/20011228BIT00560/bit0002.pdf

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