Telia welcomes IPO proposal

Not for distribution into the United States, Canada, Australia or Japan Telia welcomes IPO proposal Telia welcomes today's proposal by the Swedish Government that the Swedish Parliament authorises the Government to offer shares in Telia in a public offering. The Government intends to retain at least 51% of the Telia shares but the actual percentage to be sold as part of the IPO will not be decided until after the Parliament has approved the proposal. The IPO is expected to be completed by late June this year, subject to parliamentary approval and favourable market conditions. "We are greatly encouraged by the Government's proposal for a listing of Telia's shares", said Jan-Åke Kark, President and CEO of Telia. "We are well-prepared for the IPO process and are very positive about the outlook for Telia based on our strong 1999 results and on the focused strategy we have now developed". For further information, please contact: Telia´s Press Office, +46 8 713 58 30 Telia is the leading supplier of telecom-based information services in the Nordic/Baltic region. At the same time, "seamless" pan-European and global services are being realized through powerful alliances and partnerships in Europe and around the world. Annual turnover 1999 reached 52 121 MSEK and the number of employees amounted to approx. 30 600. The information contained herein is not for publication or distribution in or into the United States of America, Canada, Australia or Japan. This press release does not constitute an offer of securities for sale in the United States; the securities may not be offered or sold in the United States absent registration or an exemption from registration; and any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the issuer or selling share holder and that will contain detailed information about the company and management, as well as financial statements. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/03/29/20000329BIT00380/bit0001.doc http://www.bit.se/bitonline/2000/03/29/20000329BIT00380/bit0002.pdf