Investor Presentaiton

45 Key drivers of Tele2 growth: Moscow launch in October 2015 base stations on a launch date: 384k subscribers over the first 20 days of operations in the region 7k 100 10k 5000 3G and 2000 LTE new base stations commissioned weekly after the launch in Moscow and Moscow Region partnership PoS offering Tele2 starter kits + over 400 monobrand stores Source: Company's data. TELE2

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