SECOND QUARTER 2012

Tele2 AB

19 July 2012

2

Agenda

• About Q2 2012

• Financial review

• Concluding remarks

3

Tele2 Group Q2 Highlights

•Net customer intake of 1.5 million leading to a total customer base of

36.3 million

•Revenue growth of 10%, amounting to SEK 11,064 (10,078) million

•EBITDA amounted to SEK 2,715 million, equivalent to a margin of 25%

•CAPEX amounted to SEK 1,586 million

4

Focus

Continue to grow customer base and maximize the 2G opportunity

Evaluate possibilities to expand carefully through new licenses as well as by

complementary acquisitions

Make progress on technology neutrality

Market Area Russia: Overview

Population Appr. 140 million

Tele2 Russia

43 regions of Russian Federation

21.6 million subscribers

Mobile operator #4 in Russia in terms

of subscribers and revenue

Represents 30% of total net sales Q2 2012

5

0

200

400

600

800

18,000

19,000

20,000

21,000

22,000

Q2 11 Q3 11 Q4 11 Q1 12 Q2 12

Q2 Highlights Russia

EBITDA and

EBITDA MARGIN

NET SALES and

YoY NET SALES GROWTH

CUSTOMER BASE and

CUSTOMER INTAKE

SEK Million

YoY net sales

growth (right)

Net sales (left)

EBITDA

margin (right)

EBITDA (left) Customer base (left)

Customer net

intake (right)

Thousands of customers SEK Million

• Strong customer net intake of 693,000

• Increased EBITDA margin of 37% due to less

marketing spend

• Robust ARPU development, showing a growth

of 5%

32%

34%

36%

38%

40%

42%

0

400

800

1,200

1,600

Q2 11 Q3 11 Q4 11 Q1 12 Q2 12

0%

5%

10%

15%

20%

0

1,000

2,000

3,000

4,000

Q2 11 Q3 11 Q4 11 Q1 12 Q2 12

6

Tele2

Vimpelcom

MegaFon

MTS

-4,000

-2,000

0

2,000

4,000

6,000

8,000

Q309

Q409

Q110

Q210

Q310

Q410

Q111

Q211

Q311

Q411

Q112

Q212

NET ADDITIONS

Thousands of subscribers

TELE2 SUBSCRIBERS AS PART OF TOTAL RUSSIAN

MOBILE MARKET

The Russian mobile market overview

5.6%

Million subscribers Tele2

TELE2 RUSSIA EBITDA MARGIN

Source: Company data, AC&M Consulting

50

100

150

200

250

Q109

Q209

Q309

Q409

Q110

Q210

Q310

Q410

Q111

Q211

Q311

Q411

Q112

28%

32%

36%

40%

44%

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2010 2011 2012

ARPU DEVELOPMENT

229

0

100

200

300

400

2006 2007 2008 2009 2010 Q111

Q211

Q311

Q411

Q112

Q212

RUB

5% growth

9.3% 5.6% 7.3% 8.6%

Tele2

Vimpelcom

MegaFon

MTS

7

92% 92% 92% 91%92%

8%8% 8% 9%

8%

0

4,000

8,000

12,000

16,000

Q2 11 Q3 11 Q4 11 Q1 12 Q2 12

Revenue source development

Data and voice revenues demonstrate 8% and 15% YoY growth

respectively

VOICE and DATA REVENUE SPLIT DEVELOPMENT

Voice revenue Data access

revenue

RUB millions

8

Regulatory update: significant developments

Technology neutrality Report from NIIR* ready confirming LTE and

GSM can co-exist on the same band.

According to the Telecom Ministry

representative LTE 1800 should be included in

the agenda for the next GKRCh** meeting

* NIIR – Radio Research and Development Institute

** GKRCh – State Commission on Radio Frequencies

MNP Consultations The Prime Minister assigned the direction for

discussions on the MNP introduction. Tele2

delivered proposals on the draft bill and

participated in the working group on the

technical solution. The expected deadline for

MNP introduction is Jan, 2014

Regional LTE allocations The Regulator officials have recently verbally

stated that they plan to distribute 10 regional

TDD LTE licenses in 2600 Mhz. According to

the Ministry representative this decision may

be taken at the forthcoming GKRCh** meeting.

LTE license tender Roscomnadzor held tender on LTE for 4

federal lots, each 2x7.5 MHz in 800 MHz and

2x10 MHz in 2.5-2.7 GHz. Tele2 submitted two

bids. However, Tele2 did not win due to tender

conditions favoring federal operators.

9

Tele2 Russia forward looking statement

The following assumptions should

be taken into account when

estimating the operational

performance of the total operations

in Russia in 2012:

• Tele2 expects the subscriber base to

reach approx. 22 (earlier 21.5-22)

million.

• Tele2 expects ARPU to grow by 3-5

(earlier in low single digits) percent in

local currency.

• Tele2 expects an EBITDA margin of

between 37-39 percent.

• Tele2 expects capex of between SEK

1,300 - 1,500 million.

10

Market Area Nordic: Overview

Population

14.4 million

Tele2 Sweden and Tele2 Norway

Home market and test bed for new services

Represents 40% of total net sales Q2 2012

Sweden 29%; Norway 11%

Focus

Sweden: Build on mobile growth and 4G roll-out coupled with household / corporate

fiber strategy

Norway: Roll out own network and focus on bucket-price subscriptions

11

-80

-40

0

40

80

4,500

4,600

4,700

4,800

4,900

Q2 11 Q3 11 Q4 11 Q1 12 Q2 12

Q2 Highlights Tele2 Sweden

• Net sales amounted to SEK 3,209 million and

EBITDA amounted to SEK 766 million

• Mobile revenue grew by 6% and service revenue

grew by 2.3%

• Net intake in Q2 boosted by temporary campaign

on postpaid subscriptions

• Affecting EBITDA negatively during the

quarter

• New, more diversified pricing plans and

innovative products

Mobile Fixed telephony Fixed broadband Other Customer base (left)

Customer net

intake (right) EBITDA

margin (right)

YoY net sales

growth (right)

SEK Million SEK Million Thousands of customers

EBITDA and

EBITDA MARGIN

NET SALES and

YoY NET SALES GROWTH

CUSTOMER BASE and

CUSTOMER INTAKE

0%

10%

20%

30%

40%

0

250

500

750

1,000

Q2 11 Q3 11 Q4 11 Q1 12 Q2 12

-4%

-2%

0%

2%

4%

0

1,000

2,000

3,000

4,000

Q2 11 Q3 11 Q4 11 Q1 12 Q2 12

12

New tariff models

Volym Mellan • 1000 minutes • 1000 SMS &

MMS • 3 GB data

Volym Hög • 3000 minutes • 3000 SMS &

MMS • 5 GB data

Volym Låg • 300 min • 300 SMS &

MMS • 1 GB data

Volym Låg • 300 minutes • 300 SMS &

MMS • 1 GB data

13

Innovative packages and products

WyWallet

+46 app

Roaming

buckets

Prepaid

smartphone

campaigns

14

Smartphone market development

* Postpaid residential, quantity of handsets

SMARTPHONE INSTALLED BASE*

Sales of top ten mobile phones

Tele2 Sweden (Q2 2012)

1. iPhone 4S 16GB

2. Samsung Galaxy Gio

3. HTC One X

4. Sony Xperia S

5. Samsung Galaxy S2

6. Samsung Galaxy S3

7. Samsung Galaxy S2 LTE

8. Samsung Galaxy Ace

9. Samsung E1080

10. iPhone 4S 32GB

Regular handset Smartphone

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

1106 1107 1108 1109 1110 1111 1112 1201 1202 1203 1204 1205 1206

15

33%

35%

17%

16%

29%34%

0%

10%

20%

30%

40%

0

100

200

300

Jan AC Feb AC Mar AC Apr AC Maj AC Jun AC

EBITDA EBITDA margin adjusted (secondary axis)

Mobile EBITDA development

16

Tele2 Sweden forward looking statement

The following assumptions should

be taken into account when

estimating the operational

performance of the Swedish mobile

operations in 2012:

• Tele2 expects service revenue to grow

by approximately 3-4 (earlier 3-5)

percent.

• Tele2 expects an EBITDA margin of

between 30-32 percent assuming a

stable market environment.

17

Q2 Highlights Tele2 Norway

• Integration of Tele2 Norway completed

• Good net intake of 23,000 mobile customers

• Tele2 Norway reported net sales of

SEK 1,208 million, of which SEK 1,137 million was mobile

revenue

• Mobile EBITDA contribution was SEK 81 (15) million

• Interconnect was lowered by July 1 to NOK 0.25 (0.40) and

NOK 0.60 (0.70) for Tele2 Norway and Network Norway

respectively

Mobile Fixed telephony Fixed broadband Other Customer base (left)

Customer net

intake (right) EBITDA

margin (right)

YoY net sales

growth (right)

SEK Million SEK Million Thousands of customers

EBITDA and

EBITDA MARGIN

NET SALES and

YoY NET SALES GROWTH

CUSTOMER BASE and

CUSTOMER INTAKE

-10%

-5%

0%

5%

10%

-100

-50

0

50

100

Q2 11 Q3 11 Q4 11 Q1 12 Q2 12

-20

-10

0

10

20

0

400

800

1,200

1,600

Q2 11 Q3 11 Q4 11 Q1 12 Q2 12

-40%

-10%

20%

50%

80%

0

400

800

1,200

1,600

Q2 11 Q3 11 Q4 11 Q1 12 Q2 12

18

Tele2 Norway forward looking statement

The following assumptions should

be taken into account when

estimating the operational

performance of the total operations

in Norway in 2012:

• Tele2 expects a total revenue of

between SEK 4,800-5,000 (earlier

5,000-5,200) million.

• Tele2 expects an EBITDA margin of

between 2-3 percent.

• Tele2 expects capex of between SEK

850-950 million.

19

Market Area Western Europe:

Overview

Focus

Netherlands Grow in mobile and B2B

Austria B2B & Integration of Silver Server

Germany Grow Fixed Via Mobile product

Population

106 million

Leading the group in business to business services

and consumer fixed broadband

Represents 17% of total net sales Q2 2012

Netherlands 12%; Germany 2%; Austria 3%

20

Q2 Highlights Tele2 Netherlands

SEK Million SEK Million Thousands of customers

• Stable financial performance despite tough market

conditions

• Back to growth in total customer base

• Net intake of 32,000 customers in mobile

− Significant portion in high-value mobile post-

paid segment

• Strong intake in the B2B segment

Mobile Fixed telephony Fixed broadband Other Customer base (left)

Customer net

intake (right) EBITDA

margin (right)

YoY net sales

growth (right)

EBITDA and

EBITDA MARGIN

NET SALES and

YoY NET SALES GROWTH

CUSTOMER BASE and

CUSTOMER INTAKE

-10%

-5%

0%

5%

10%

0

400

800

1,200

1,600

Q2 11 Q3 11 Q4 11 Q1 12 Q2 12

-40

-25

-10

5

20

0

300

600

900

1200

Q2 11 Q3 11 Q4 11 Q1 12 Q2 12-10%

0%

10%

20%

30%

40%

-200

0

200

400

600

800

Q2 11 Q3 11 Q4 11 Q1 12 Q2 12

21

Q2 Highlights Tele2 Germany

and Tele2 Austria

• Both Austria and Germany show stable profitabilty

• Tele2 Germany: High-value Fixed via Mobile

product still showing steady growth

• Tele2 Austria: Integration of Silver Server on

track. Solid performance in the B2B segment

TELE2 GERMANY

EBITDA and EBITDA MARGIN

TELE2 AUSTRIA

EBITDA and EBITDA MARGIN

0%

10%

20%

30%

40%

0

30

60

90

120

Q2 11 Q3 11 Q4 11 Q1 12 Q2 12

0%

10%

20%

30%

40%

0

30

60

90

120

Q2 11 Q3 11 Q4 11 Q1 12 Q2 12

EBITDA

margin (right)

EBITDA (left) EBITDA

margin (right)

EBITDA (left)

SEK Million SEK Million

22

Focus

Continue to grow rapidly in Kazakhstan

Efficiency improvements in Baltics

Drive improvement in revenue, profits and market share in Croatia

Market Area Central Europe and

Eurasia: Overview

Population

28 million

Represents 12% of total net sales Q2 2012

Estonia 2%; Latvia 2%; Lithuania 3%;

Croatia 3%; Kazakhstan 2%

23

Q2 Highlights Tele2 Estonia

• Stable financial performance and profitability in a

competitive market

• Tele2 Estonia maintains a positive net intake of mobile

customers

• Successful integration of Televörgu completed

• Modernization and 4G roll-out currently ongoing

MOBILE CUSTOMER BASE

and CUSTOMER INTAKE

Thousands of customers

Mobile customer base (left)

Customer net

intake (right)

SEK Million

NET SALES and

YoY NET SALES GROWTH

YoY net sales

growth (right)

Net sales (left)

EBITDA and

EBITDA MARGIN

EBITDA

margin (right)

EBITDA (left)

SEK Million

-10

0

10

20

30

0

150

300

450

600

Q2 11 Q3 11 Q4 11 Q1 12 Q2 12

0%

10%

20%

30%

40%

0

20

40

60

80

Q2 11 Q3 11 Q4 11 Q1 12 Q2 12

-20%

-10%

0%

10%

20%

0

75

150

225

300

Q2 11 Q3 11 Q4 11 Q1 12 Q2 12

24

Q2 Highlights Tele2 Latvia

• Tele2 Latvia maintains a high efficiency in a competitive market

• EBITDA margin amounted to 36%

• Customer intake of 11,000

• Rolling out 4G when commercially attractive

CUSTOMER BASE and

CUSTOMER INTAKE

Thousands of customers

Customer base (left)

Customer net

intake (right)

SEK Million

NET SALES and

YoY NET SALES GROWTH

YoY net sales

growth (right)

Net sales (left)

EBITDA and

EBITDA MARGIN

SEK Million

EBITDA

margin (right)

EBITDA (left)

32%

34%

36%

38%

40%

0

30

60

90

120

Q2 11 Q3 11 Q4 11 Q1 12 Q2 12

-25%

-20%

-15%

-10%

-5%

0

100

200

300

400

Q2 11 Q3 11 Q4 11 Q1 12 Q2 12

-40

-20

0

20

40

0

300

600

900

1,200

Q2 11 Q3 11 Q4 11 Q1 12 Q2 12

25

Q2 Highlights Tele2 Lithuania

• Significant intake of 20,000 mobile customers

• EBITDA margin amounted to 38%

• Strong performance since inception in 2000

MOBILE CUSTOMER BASE

and CUSTOMER INTAKE

Thousands of customers

Mobile customer base (left)

Customer net

intake (right)

SEK Million

NET SALES and

YoY NET SALES GROWTH

YoY net sales

growth (right)

Net sales (left)

EBITDA and

EBITDA MARGIN

SEK Million

EBITDA

margin (right)

EBITDA (left)

10%

20%

30%

40%

50%

0

40

80

120

160

Q2 11 Q3 11 Q4 11 Q1 12 Q2 12

-15%

-10%

-5%

0%

5%

0

100

200

300

400

Q2 11 Q3 11 Q4 11 Q1 12 Q2 12

-5

5

15

25

35

0

500

1,000

1,500

2,000

Q2 11 Q3 11 Q4 11 Q1 12 Q2 12

26

MARKET SHARE DEVELOPMENT

(revenue; 100% of the market)

MARKET SHARE DEVELOPMENT

(EBITDA; 100% of the market)

Tele2 Lithuania has caught up with its competitors in terms of Revenue market

share, and surpasses them in terms of EBITDA market share

Tele2 Lithuania – a success story

0%

10%

20%

30%

40%

50%

60%

Q12007 Q22008 Q3-2009 Q4-2010 Q1-2012

Tele2 Company A Company B

0%

10%

20%

30%

40%

50%

60%

Q12007 Q22008 Q3-2009 Q4-2010 Q1-2012

Tele2 Company A Company B

27

Q2 Highlights Tele2 Croatia

• Significant intake of 43,000 mobile customers

• New CEO started in June

CAPEX

EBITDA-CAPEX

SEK Million

CUSTOMER BASE and

CUSTOMER INTAKE

Thousands of customers

Customer base (left)

Customer net

intake (right)

SEK Million

NET SALES and

YoY NET SALES GROWTH

YoY net sales

growth (right)

Net sales (left)

EBITDA and

EBITDA MARGIN

SEK Million

EBITDA

margin (right)

EBITDA (left) EBITDA

EBITDA-CAPEX

0%

3%

6%

9%

12%

0

15

30

45

60

Q211

Q311

Q411

Q112

Q212

-50

-25

0

25

50

Q211

Q311

Q411

Q112

Q212

-15%

-10%

-5%

0%

5%

0

125

250

375

500

Q211

Q311

Q411

Q112

Q212

-150

-90

-30

30

90

0

250

500

750

1,000

Q211

Q311

Q411

Q112

Q212

28

Tele2 Croatia forward looking

statement

The following assumption should

be taken into account when

estimating the operational

performance of the Croatian mobile

operations in 2012:

• Tele2 expects Croatia to reach an

EBITDA margin of between 4-6 (earlier

20 percent by Q3 2013) percent.

29

Q2 Highlights Tele2 Kazakhstan

• Commercial launch of Tele2 brand completed in all regions of

Kazakhstan

• Strong net intake of 759,000 customers

• Total number of customers amounted to 2.5 million

CUSTOMER BASE and

CUSTOMER INTAKE

Thousands of customers

Customer base (left)

Customer net

intake (right)

SEK Million

NET SALES and

YoY NET SALES GROWTH

YoY net sales

growth (right)

Net sales (left)

-50%

100%

250%

400%

550%

0

75

150

225

300

Q2 11 Q3 11 Q4 11 Q1 12 Q2 12

0

200

400

600

800

1,000

0

500

1,000

1,500

2,000

2,500

Q2 11 Q3 11 Q4 11 Q1 12 Q2 12

EBITDA and

EBITDA MARGIN

SEK Million

EBITDA

margin (right)

EBITDA (left)

-400%

-300%

-200%

-100%

0%

-160

-80

0

80

160

Q2 11 Q3 11 Q4 11 Q1 12 Q2 12

30

-500

0

500

1,000

1,500

2,000

Q3-2010

Q4-2010

Q1-2011

Q2-2011

Q3-2011

Q4-2011

Q1-2012

Q2-2012

The Kazakhstan mobile market overview

MOBILE SUBSCRIBERS – MARKET SHARE NET ADDITIONS

0%

20%

40%

60%

80%

100%

Thousands of subscribers 7.7%

Dalacom/Pathword

Tele2 Kcell/Activ

Beeline Dalacom/Pathword

Tele2 Kcell/Activ

Beeline

1.8%

31

Tele2 Kazakhstan forward-looking statement

The following assumptions should be

taken into account when estimating the

operational performance of the total

operations in Kazakhstan in 2012:

• Tele2 expects the subscriber base to reach

up to 3.0 million (earlier 2.5-2.7)

• Tele2 expects an EBITDA contribution of

between SEK -350 to -400

• Tele2 expects capex of between

SEK 550-600 million.

• Tele2 expects to reach EBITDA break-even

by 2H 2013.

• Tele2 expects to reach a long-term mobile

customer market share of 30 percent.

32

Agenda

• About Q2 2012

• Financial review

• Concluding remarks

33

Group results

SEK million Q2 2012 Q2 2011 % YTD 2012 YTD 2011 FY 2011 %

Net sales 11,064 10,078 9.8% 21,545 19,720 41,001 9.3%

EBITDA 2,715 2,809 -3.3% 5,286 5,353 11,212 -1.3%

EBITDA margin (%) 24.5% 27.9% -3.3% 24.5% 27.1% 27.3% -2.6%

Depreciation & associated companies -1,268 -1,015 24.9% -2,457 -1,985 -4,158 23.8%

Depreciation of net sales (%) -11.5% -10.1% -1.4% -11.4% -10.1% -10.1% -1.3%

One-off items -20 -57 -19 42 -4

EBIT 1,427 1,737 -17.8% 2,810 3,410 7,050 -17.6%

Normalized EBIT 1,447 1,794 -19.3% 2,829 3,368 7,054 -16.0%

Normalized EBIT margin (%) 13.1% 17.8% -4.7% 13.1% 17.1% 17.2% -3.9%

Financial items -321 -230 39.6% -499 -304 -674 64.1%

Taxes -257 -399 -35.6% -593 -772 -1,472 -23.2%

Net profit 849 1,108 -23.4% 1,718 2,334 4,904 -26.4%

Discontinued operations 1 5 -80.0% 1 -8 -7 -112.5%

Net profit 850 1,113 -23.6% 1,719 2,326 4,897 -26.1%

34

-3%

-2%

-1%

0%

1%

2%

3%

EUR RUB NOK

Average YTD Q2 2012 vs. YTD Q2 2011 Fixing rate Jun 2012 vs. Dec 2011

Currency movements Q2 2012

EUR/EUR pegged and RUB currencies represent 54%

of external sales and 74% of EBITDA

35

8.5%

9.0%

9.5%

10.0%

10.5%

11.0%

11.5%

12.0%

12.5%

0

300

600

900

1,200

1,500

Q2'11 Q3'11 Q4'11 Q1'12 Q2'12

Depreciation Depreciation of net sales (%)

Depreciation

Change Y-on-Y for Q2 • Acquisition of Network

Norway (SEK 85 million)

of which surplus depreciation and

amortization of SEK 63 million

• Upgrade/replacement of

networks in the Baltics during

2012 - 2013 (SEK 72 million)

• Russia SEK 57 million

• Kazakhstan SEK 22 million

DEPRECIATION and

DEPRECIATION % OF NET SALES

SEK Million

36

Financial items

Financial items Q2 2012 Q2 2011 YTD 2012 YTD 2011 FY 2011

Interest income/costs -268 -87 -446 -128 -483

Exchange rate differences, external 6 -33 -7 -42 -24

Exchange rate differences, intragroup -11 -56 42 -39 13

Other financial items -48 -54 -88 -95 -180

Total -321 -230 -499 -304 -674

37

Taxes

• Deferred tax assets at year to date amounted to SEK 2.5 (Dec 2011: 3) billion

• The 2012 tax payment will affect the cash flow with SEK 1,000 (earlier 1,200)

million

Taxes in income statement Q2 2012 Q2 2011 YTD 2012 YTD 2011 FY 2011

Normal -257 -399 -593 -772 -1,580

One off - - - - 108

Total -257 -399 -593 -772 -1,472

Taxes in cash flow statement Q2 2012 Q2 2011 YTD 2012 YTD 2011 FY 2011

Normal -112 -325 -314 -550 -948

One off - - - - -

Total -112 -325 -314 -550 -948

38

Cash flow

SEK million Q2 2012 Q2 2011 YTD 2012 YTD 2011 FY 2011

OPERATING ACTIVITIES

Before paid tax 2,548 2,686 5,065 5,350 10,895

Paid taxes -112 -325 -314 -550 -948

Change in working capital -246 -7 -665 -264 -257

CF from operating activities 2,190 2,354 4,086 4,536 9,690

INVESTING ACTIVITIES

CAPEX -1,417 -1,661 -2,247 -2,677 -5,572

CF after CAPEX 773 693 1,839 1,859 4,118

Shares and other financial assets -5 -57 -203 -54 -1,563

CF after investing activities 768 636 1,636 1,805 2,555

39

Proforma financial debt profile

12.812.1

16.9

-2.5

0.0

2.5

5.0

7.5

10.0

12.5

15.0

17.5

20.0

Q4 11 Q1 12 Q2 12

SOURCES OF FUNDINGSEK Billion

Revolving credit facility Russia bond Other financing

Commercial paper Norwegian bond Swedish Bond

Off BS items Cash Proforma net debt

40

Debt position and ratio

Upper limit

Lower limit

12.8 12.1

16.9

0.0 0.0

2.9

2.9

2.9

2.9

0.00

0.25

0.50

0.75

1.00

1.25

1.50

1.75

2.00

0.0

2.5

5.0

7.5

10.0

12.5

15.0

17.5

20.0

Q4 11 Q1 12 Q2 12

PROFORMA NET DEBT / EBITDA 12'M ROLLINGSEK Billion / Ratio

Proforma Net Debt Ordinary dividend (paid May 2012)

Extraordinary dividend (paid May 2012) Leverage Net

41

0%

8%

15%

23%

30%

0

500

1,000

1,500

2,000

Q2'11 Q3'11 Q4'11 Q1'12 Q2'12

19%21% 22%

19%

16% 16%

0%

5%

10%

15%

20%

25%

Q1 Q2 Q3 Q4 Q1 Q2

0

3,000

6,000

9,000

12,000

Q2'11 Q3'11 Q4'11 Q1'12 Q2'12

20%

22%

24%

26%

28%

30%

0

1,000

2,000

3,000

4,000

Q2'11 Q3'11 Q4'11 Q1'12 Q2'12

Group financials Mobile Fixed telephony Other Fixed broadband

GROUP EBITDA and

GROUP EBITDA MARGIN

GROUP CAPEX (BS) and CAPEX/SALES ROCE (NORMALISED)

GROUP NET SALES

SEK Million SEK Million

SEK Million Percent

Group EBITDA

margin

CAPEX/Sales

42

Agenda

• About Q2 2012

• Financial review

• Concluding remarks

43

Concluding remarks

Manage the shift from voice to data • Package services to increase attractiveness of

data

• Exploit 4G services to make it a commercial

success

Exploit new services and opportunities by

offering our customers what they need

for less • WyWallet

• +46 app

• Roaming buckets

Growth • Through emerging markets such as Russia and

Kazakhstan

• Through evolution of multiple devices

44

Q&A

45