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TEE: TeliaSonera AB: TeliaSonera: MegaFon IPO priced at USD 20 per GDR and share

  TEE: TeliaSonera AB: TeliaSonera: MegaFon IPO priced at USD 20 per GDR and
  share

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TeliaSonera confirms that the MegaFon IPO has been priced at USD 20 per GDR
and per share and that trading will commence today.

The offer price is set at USD 20 per GDR and per share, with each GDR
representing an interest of one share. MegaFon’s market capitalization is
valued at approximately USD 11 billion at the offer price.

“I am very pleased we have succeeded in what we set out to do, to create value
for our shareholders by increasing liquidity and visibility in MegaFon.
Following completion of the IPO we will receive substantial proceeds while
retaining a strategic stake in the company, which will enable us to benefit
from its future success”, says Lars Nyberg, President and CEO.

The offering is valued at approximately USD 1.9 billion of which TeliaSonera
will receive USD 1.3 billion (approximately SEK 9 billion), assuming exercise
in full of the over-allotment option.

TeliaSonera has reduced its 35.6 percent interest in MegaFon to a long-term
strategic ownership of 25 percent plus one share on a fully diluted basis. At
the offer price, the remaining ownership of Megafon is valued at approximately
SEK 20 billion. TeliaSonera’s total investment in MegaFon has been SEK 1.2
billion.

Please visit MegaFon press room(http://english.corp.megafon.ru/investors/)
for full press release.

Please visit our press
room(http://www.teliasonera.com/en/newsroom/press-releases/2012/10/megafon-announces-intention-to-proceed-with-initial-public-offering/)
for other press releases related to MegaFon’s IPO.

TeliaSonera AB discloses the information provided herein pursuant to the
Swedish Securities Markets Act and/or the Swedish Financial Instrument Trading
Act. The information was submitted for publication at 07.00 .am., 28.11.2012.

Forward-Looking Statements Statements made in the press release relating to
future status or circumstances, including future performance and other trend
projections are forward-looking statements. By their nature, forward-looking
statements involve risk and uncertainty because they relate to events and
depend on circumstances that will occur in the future. There can be no
assurance that actual results will not differ materially from those expressed
or implied by these forward-looking statements due to many factors, many of
which are outside the control of TeliaSonera.

TeliaSonera provides network access and telecommunication services in the
Nordic and Baltic countries, the emerging markets of Eurasia, including Russia
and Turkey, and in Spain. TeliaSonera helps people and companies communicate
in an easy, efficient and environmentally friendly way. Our ambition is to be
number one or two in all our markets, providing the best customer experience,
high quality networks and cost efficient operations. TeliaSonera is also the
leading European wholesale provider with a wholly-owned international carrier
network. In 2011, net sales amounted to SEK 104 billion, EBITDA to SEK 36.9
billion and earnings per share to SEK 4.20. The TeliaSonera share is listed on
NASDAQ OMX Stockholm and NASDAQ OMX Helsinki. Read more at
www.teliasonera.com.

This information was brought to you by Cision http://www.cisionwire.com

TeliaSonera press office 46-771 77 58 30
press@teliasonera.com
or
Newsroom(http://www.teliasonera.com/en/newsroom/)
or Twitter@TLSN_Media.

Contact:

TeliaSonera
 
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