Tele2's results for the month of June show continued strong growth in Ebitda across operations

TELE2'S RESULTS FOR THE MONTH OF JUNE SHOW CONTINUED STRONG GROWTH IN EBITDA ACROSS OPERATIONS New York and Stockholm - July 16 2002 - Tele2 AB ("Tele2", "the Group") (Nasdaq Stock Market: TLTOA and TLTOB and Stockholmsbörsen: TEL2A and TEL2B), the leading alternative pan-European telecommunications company, today announces a trading update for the month of June 2002. · EBITDA for June 2002 MSEK 402 (includes MSEK 29 relating to court case with Telia)*, (June 2001, MSEK 127) up 217% · MSEK 2,590* Revenue for June (2001, MSEK 2,066) up 25.4% · Total Customers at June 30, 2002, 16.1 million · Total EBITDA margin for June, 16 %, for mobile in Sweden 55%, for fixed line and Internet in Sweden, 21% Lars-Johan Jarnheimer, President and CEO of Tele2 AB stated: "We have announced results for the months of April, May and June to demonstrate that we are developing according to our stated plans. The June result before depreciation and amortization, adjusted for the cost of a higher intake, increased by 217% from June last year and is comparable to the May result, which was the best since the SEC merger. The second quarter of 2002 should therefore be the best ever reported by the company." Financial highlights June June SEK millions 2002* 2001 Operating Revenue 2,590 2,066 EBITDA (i) 402 127 (i) Earnings before interest, taxes, depreciation and amortization * Sales and EBITDA include MSEK 29 relating to Tele2 winning a case in the administrative court against Telia regarding payment principles for interconnection Tele2 AB, formed in 1993, is the leading alternative pan-European telecommunications company offering fixed and mobile telephony, data network and Internet services under the brands Tele2, Tango and Comviq to 16.1 million people in 21 countries. Tele2 operates Datametrix, which specializes in systems integration, 3C Communications, operating public pay telephones and public Internet services; 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 under the Kabelvision brand name and together with MTG, owns the Internet portal The Company is listed on the Stockholmsbörsen, under TEL2A and TEL2B, and on the Nasdaq Stock Market under TLTOA and TLTOB. CONTACTS: Tele2 AB 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 Andrew Best, Investor Telephone: +44 7321 Relations, London 5010 Visit our web site at ------------------------------------------------------------ This information was brought to you by Waymaker The following files are available for download: The full report

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