BOARD OF DIRECTORS PROPOSE A DIVIDEND OF SEK 3 PER SHARE

New York and Stockholm - Tele2 AB, ("Tele2"), (Nasdaq Stock Market: TLTOA and TLTOB and Stockholmsbörsen: TEL2A and TEL2B), the leading alternative pan-European telecommunications company, today announced that the Board of Directors will propose to the Annual General Meeting of shareholders, to be held on 12 May 2004, that a cash dividend of SEK 3 (0) per share is paid for the financial year ended 31 December 2003.

The proposed dividend is in line with a policy, which reflects the Board's view that Tele2 is a high growth company.

In recommending the dividend a balance is maintained among growth, profitability and available cash flow.

Tele2 AB, formed in 1993, is the leading profitable alternative pan-European telecommunications company offering fixed and mobile telephony, data network and Internet services under the brands Tele2, Tango and Comviq to 22.3 million people in 23 countries. Tele2 operates Datametrix, which specializes in systems integration, 3C Communications, providing integrated credit card processing, web payment solutions and public payphones; Transac, providing billing and transaction processing service; C³, offering co-branded pre-paid calling cards and Optimal Telecom, the price-guaranteed residential router device. The Group offers cable television services 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

Lars-Johan Jarnheimer
President and CEO, Tele2 AB
Telephone: + 46 (0) 8 562 640 00

Håkan Zadler
Chief Financial Officer, Tele2 AB
Telephone: + 46 (0) 8 562 640 00


Dwayne Taylor/Lena Glader
Investor enquiries
Telephone: + 44 20 7321 5038/5025

Visit us at our homepage: http://www.Tele2.com  

About Us

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 adjusted EBITDA of SEK 9 billion. For latest news and definitions of measures, please see our homepage www.tele2.com

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