TeliaSonera January-December 2004

Effective January 1, 2004, TeliaSonera applies IFRS 3, which means that goodwill amortization (GWA) has been discontinued. • Net sales totaled SEK 81,937 million (81,772). • Operating income increased to SEK 18,793 million (13,140). • Net income increased to SEK 12,964 million (7,671) and earnings per share climbed to SEK 2.77 (1.64). • Merger synergy target met. • Strong customer growth: - 1.5 million new customers in the Nordic and Baltic operations. - 13 million new customers in Eurasia, Russia and Turkey. • Acquisition of Orange in Denmark, full ownership in Omnitel and con-solidation of Eesti Telekom. • To increase future competitiveness, measures have now been initiated to bring down annual costs by SEK 5-6 billion with full effect in three years. • Proposed dividend SEK 1.20 per share (SEK 1.00 in total). • Approximately SEK 10 billion repurchase of shares through a public offer to be proposed to the Annual General Meeting in April 2005 as earlier communicated. Ordering of individual hard copies of the reports: Tel. +46 372 851 42 Fax +46 372 843 56 www.teliasonera.com/ir