TELE2 PREPARES FOR LEGAL MERGER OF VERSATEL INTO TELE2

Stockholm – Further to the earlier press releases of Tele2 Finance B.V. (“Tele2”), issued together with Versatel Telecom International N.V. (“Versatel”) and funds advised by Apax Partners, dated 18 July 2005, 17 August 2005, 8 September 2005, 13 September 2005, 10 October 2005 and 14 October 2005, Tele2 announces that it has instructed its financial and legal advisors to make all necessary preparations for the anticipated triangular legal merger of Versatel into Tele2.

CONTACTS Lars-Johan Jarnheimer, President and CEO: + 46 8 562 640 00 Håkan Zadler, CFO: + 46 8 562 640 00 Per Borgklint, Market Area Director Benelux: + 31 20 702 02 02 Dwayne Taylor, Investor Relations, London: + 44 20 7321 5038 Lena Krauss, Investor Relations, Stockholm: + 46 8 562 000 45 Sarah Hamilton, M:Communications, London: + 44 78 36 295 291 Nick Fox, M:Communications, London: + 44 77 11 727 618 Anne Louise Van Lynden, Investor Voice, Amsterdam: + 31 65 4315 549 Carina Hamaker, Investor Voice, Amsterdam: + 31 65 3749 959 Visit us at our homepage: http://www.tele2.com