In Q3 Tele2 generated record cashflow from operating activities of MSEK 1,706, while reporting largest ever customer net

IN Q3 TELE2 GENERATED RECORD CASHFLOW FROM OPERATING ACTIVITIES OF MSEK 1,706, WHILE REPORTING LARGEST EVER CUSTOMER NET INTAKE OF 1,637,000 New York and Stockholm - Tuesday, October 21, 2003 - Tele2 AB ("Tele2", "the Group") (Nasdaq Stock Market: TLTOA and TLTOB and Stockholmsbörsen: TEL2A and TEL2B), the leading alternative pan-European telecommunications company, today announced its consolidated results for the third quarter ended September 30, 2003. · Operating revenue for the first nine months 2003 increased by 21% to MSEK 27,255 (MSEK 22,554*) · Profit after tax for the first nine months 2003 increased to MSEK 854 (MSEK -374*) · Earnings (loss) per share after tax and after dilution for the first nine months 2003 increased to SEK 5.78 (SEK -2.53*) · Revenue for Q3 increased by 22% to MSEK 9,414 (MSEK 7,695) · EBITDA for Q3 rose 15% to MSEK 1,635 (MSEK 1,422) · Number of customers rose by 1,637,000 to 20.4 million in Q3 · Cash flow from operating activities up 37% to MSEK 1,706 in Q3 · Launch of Tele2 service offering in the UK CONTACTS Lars-Johan Jarnheimer Telephone: + 46 8 562 640 00 President and CEO, Tele2 AB Håkan Zadler Telephone: + 46 8 562 640 00 CFO, Tele2 AB Dwayne Taylor Telephone: + 44 20 7321 5038 Investor enquiries Tele2 AB - company registration number: 556410-8917 Skeppsbron 18 P.O. Box 2094 SE-103 13 Stockholm Sweden Tel+ 46 8 562 000 60 Visit us at our homepage: http://www.Tele2.com * excl. MSEK 237 Telia court settlement (note 1). The figures shown in parenthesis correspond to the comparable periods in 2002 and all negative amounts are distinguished with a minus sign. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/10/21/20031021BIT00020/wkr0001.pdf The full report