Investor Presentaiton

Key drivers of Tele2 growth: 3G/4G rollout regions, where Tele2 has launched 3G/4G high- speed wireless Internet under its own brand since November 2014 59 Speed 37% the CAPEX to sales ratio over 3Q15 15% 76% active users of wireless Internet over 3Q15 traffic growth per user (Y-o-Y) over 3Q15 44 44 Source: Company's data. Tele2 is using a strict evaluation system for active users of wireless Internet - the term refers to subscribers downloading at least 10 Mb per month. TELE2

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