Tele1 Europe completes (EUR)175 million Senior Notes Offering

Not for distribution into the United States, Canada or Japan Tele1 Europe completes (EUR)175 million Senior Notes Offering Tele1 Europe Holding AB, the pan-Nordic provider of broadband communications services, today announced that its wholly-owned subsidiary Tele1 Europe N.V. has completed the issuance of @175 million principal amount 12 3/8 % senior notes due 2008. The offering was very well received in the market and as a result of the strong demand was upsized to @175 million, from the original @150 million. Ivar Strömberg, Tele1 Europe's Chief Executive Officer said: "We are committed to reinforcing our position as a leading provider of broadband services to the business market in the Nordic region and the proceeds of this offering will be used to further accelerate the expansion of our business". Further information, please contact: Tele1 Europe Holding AB Tele1 Europe Holding AB Ivar Strömberg, CEO Liia Nõu, CFO Phone: +46 8 5631 00 01 Phone: +46 8 56 31 02 33 E-mail: ivar.stromberg@tele1europe.se E-mail: liia.nou@tele1europe.se Tele1 Europe Holding AB Cecilia Johansson, Investor Relations Phone: +46 8 56 31 02 19 E-mail: cecilia.johansson@tele1europe.se This announcement and the information contained herein do not constitute an offer to sell or a solicitation of any offer to buy the senior notes in the Kingdom ofSweden, the United States or elsewhere. The senior notes to be offered will not be and have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the issuer and that will contain detailed information about the company and management, as well as financial statements. No money, securities or other consideration is being solicited by this announcement or the information contained herein and, if sent in response to this announcement or the information contained herein, will not be accepted. About Tele1 Europe (NASDAQ: TEUR, Stockholm Stock Exchange: TEUR) Tele1 Europe is a fast-growing data and telecommunications operator with operations in Denmark, Finland, Norway and Sweden. The group's business concept is to offer broadband solutions for data, telephony and the Internet to large and medium-sized business and organisations in the Nordic countries. Tele1 Europe is currently the only Nordic data and telecommunications operator investing in local access networks with broadband capacity. This construction is taking place in the 80 largest cities in the Nordic countries. The access networks, which are linked together with a long-distance network, will be one of Europe's fastest "motorway" for data and Internet traffic with an initial capacity for customers of up to one gigabyte. http://www.tele1europe.com ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/01/31/20010131BIT01100/bit0001.doc http://www.bit.se/bitonline/2001/01/31/20010131BIT01100/bit0002.pdf