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Regulatory press release Tele2 Group Mar 23 2022, 5:15 PM CET

Issue and repurchase of Class C shares for incentive program

Stockholm – Tele2 AB (“Tele2”) (Nasdaq Stockholm: TEL2 A and TEL2 B) today announces that Tele2 has issued and immediately repurchased 2,200,000 new class C shares.

The shares have been issued and repurchased in accordance with provisions of the retention and performance-based incentive programs for senior executives and other key employees within the Tele2 group. Nordea Bank Abp, filial i Sverige subscribed for the entire issue of new Class C shares at a subscription price corresponding to the ratio value 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 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 programmes. 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.

Tele2 holds 432,106 class B shares and 2,480,000 class C shares since before and will, following the repurchase of the new 2,200,000 issued class C shares, hold 432,106 class B shares and all 4,680,000 class C shares in the company.

For more information, please contact:

Samuel Maher, Interim Corporate Communications Manager, Phone: +46 73 159 55 02

Patrik Johannesson, Acting Head of Investor Relations, Phone: +46 73 966 83 84

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