Issue and repurchase of class C shares for incentive program

Stockholm – Tele2 AB, (“Tele2″), (NASDAQ OMX Stockholm: TEL2 A and TEL2 B),
today announced that it has issued and immediately repurchased 2,300,000 new
class C shares.
The shares have been issued and repurchased in accordance with provisions of the
retention and performance based incentive programme for senior executives and
other key employees within the Tele2 group, which was approved by the Annual
General Meeting of shareholders held on 19 May 2015.

Nordea Bank AB (publ) subscribed for the entire issue of new class C shares at a
subscription price of SEK 1.25 per share. The entire issue of class C shares has
thereafter been repurchased by Tele2 for SEK 1.25 per share.

The purpose of the share issue and the repurchase is to enable the future
delivery of class B shares to senior executives and other key employees
participating in Tele2’s retention and performance based incentive programme.
The class C shares will be converted into class B shares prior to delivery to
qualifying participants. The class C shares do not carry rights to dividends.

Apart from what is stated above Tele2 holds 1,299,000 class C shares.

For more information, please contact:

Viktor Wallström, Director of Communications, Tele2 AB, Phone: +46 703 63 53 27
Louise Tjeder, Head of Investor Relations, Tele2 AB. Phone: +46 704 26 46 52

|CUSTOMERS WITH WHAT THEY NEED FOR LESS. We have 14 million customers in 9 |
|countries. Tele2 offers mobile services, fixed broadband and telephony, data |
|network services, content services and global M2M/IoT solutions. Ever since |
|Jan Stenbeck founded the company in 1993, it has been a tough challenger to |
|the former government monopolies and other established providers. Tele2 has |
|been listed on the NASDAQ OMX Stockholm since 1996. In 2014, we had net sales|
|of SEK 26 billion and reported an operating profit (EBITDA) of SEK 5.9 |
|billion. |