Eltel

On account of the admission to trading of the Capital Securities, Eltel has prepared a prospectus. The prospectus has been approved by and registered with the Swedish Financial Supervisory Authority (Sw. Finansinspektionen). The prospectus is available on the Swedish Financial Supervisory Authority's website (www.fi.se) and on Eltel's website (www.eltelgroup.com).

Danske Bank A/S, Nordea Bank Abp and OP Corporate Bank plc acted as joint lead managers and Hannes Snellman Attorneys Ltd acted as legal advisor in connection with Eltel's issuance and listing of the Capital Securities.

For further information:

Saila Miettinen-Lähde

Chief Financial Officer

+358 405 483 695, saila.miettinen-lahde@eltelnetworks.com

Elin Otter

Director, Communications and Investor Relations

+46 72 595 4692, elin.otter@eltelnetworks.com

The information was submitted for publication, through the agency of the contact persons set out above, at 17:00 CEST on 5 May 2023.

About Eltel

Eltel is a leading service provider for critical infrastructure that enables renewable energy and high-performing communication networks. Eltel designs, plans, builds and secures the operation of networks for a more sustainable and connected world today and for future generations. In total, we have about 5,000 employees and in 2022 the annual sales was EUR 823.6 million. The head office is located in Sweden and Eltel's shares have been listed on Nasdaq Stockholm since 2015. Read more at www.eltelnetworks.com.