Press release and disclosure of substantial shareholding

PRESS RELEASE AND DISCLOSURE OF SUBSTANTIAL SHAREHOLDING Industriförvaltnings AB Kinnevik (pub) (org.nr 556001-9035) with subsidiaries, today announced that it has purchased 1,630,897 B-shares in Tele2 AB (pub) (org nr 556410-8917) from Millicom International Cellular S.A. with subsidiaries. Industriförvaltnings AB Kinnevik with subsidiaries is hereby the owner of 6,498,880 A-shares and 23,203,630 B-shares in Tele2 AB, which together represent 20.2 per cent of the company's share capital and 25.7 per cent of the votes on a fully diluted basis. Stockholm October 25, 2002 INDUSTRIFÖRVALTNINGS AB KINNEVIK For further information: Vigo Carlund, CEO, Industriförvaltnings AB Kinnevik, +46 8 562 000 00 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/10/25/20021025BIT00080/wkr0001.doc http://www.waymaker.net/bitonline/2002/10/25/20021025BIT00080/wkr0002.pdf