Tele2

The Notes will be repurchased subject to the satisfaction or waiver of the New Financing Condition (as defined in the Tender Offer Memorandum) and the other terms and conditions described in the Tender Offer Memorandum dated 9 May 2023 (the "Tender Offer Memorandum").

Tele2 also announced today its intention to issue new euro-denominated fixed rate notes (the “New Notes”) guaranteed by Tele2 Sverige AB, under the €5,000,000,000 Euro Medium Term Note Programme (the “Programme”), subject to market conditions.

The Tender Offer expires at 17:00 CEST on 16 May 2023 and settlement is expected to occur on 22 May 2023. Further details of the Tender Offer, the pricing and the timeline is available in the launch announcement via Luxembourg Stock Exchange and the Tender Offer Memorandum is available via the tender agent (https://deals.is.kroll.com/Tele2).

For more information, please contact:

Fredrik Hallstan, Head of External Communications Phone: +46 761 15 38 30

Stefan Billing, Head of Investor Relations, Phone: +46 701 66 33 10