Börsiteade

Pealkiri

Results of the cash offer for the shares of Eesti Telekom

Teade

At the request and on behalf of TeliaSonera AB, AS Eesti Telekom makes the      
following announcement:                                                         

On August 24, 2009 TeliaSonera AB (“TeliaSonera”) announced a cash offer for the
shares of AS Eesti Telekom (“Eesti Telekom”). The acceptance period of the cash 
offer ended on October 9, 2009. TeliaSonera was offering EEK 93 for each share  
of Eesti Telekom.                                                               

In the course of the acceptance period the shareholders decided to sell to      
TeliaSonera a total of 50,495,710 shares, constituting 36.60 percent of all     
shares of Eesti Telekom and 93.79 percent of shares which were the subject of   
the offer. In addition, TeliaSonera acquired 5,000 shares of Eesti Telekom from 
the market, paying not more than EEK 93 for each share.                         

After the acquisition of shares sold to TeliaSonera in the cash offer,          
TeliaSonera will own a total of 51,678,650 shares of Eesti Telekom, constituting
37.46 percent of all shares of Eesti Telekom and votes represented by these     
shares. Baltic Tele AB, being the wholly-owned subsidiary of TeliaSonera, owns a
total of 82,936,299 shares of Eesti Telekom, constituting 60.12 percent of all  
shares of Eesti Telekom and votes represented by these shares. Following the    
acquisition of shares in the cash offer, TeliaSonera will own, directly and     
indirectly, a total of 134,614,949 shares, constituting 97.58 percent of all    
shares of Eesti Telekom.                                                        

Settlement with the shareholders who accepted the offer and the transfer of     
shares to TeliaSonera will be executed on October 16, 2009.                     

Taking into consideration the results of the cash offer, TeliaSonera's Group    
Management has decided to initiate actions for the squeeze-out of remaining     
minority                                                                        
shareholders in accordance with Article 182-1 of the Securities Market Act of   
Estonia. The shareholders of Eesti Telekom will be informed about further       
actions in this process in accordance with applicable rules.                    

By virtue of Article 182-2 of the Securities Market Act, the cash offer remains 
open for acceptance to those minority shareholders who have not accepted the    
offer during the original acceptance period (sell-out right). Such shareholders 
have the right to accept the offer until (i) the date being three months from   
the date of this notice or (ii) the approval of the squeeze-out by the general  
meeting of shareholders of Eesti Telekom in accordance with Article 182-1 of the
Securities Market Act, whichever occurs earlier.                                

Considering that TeliaSonera intends to request Eesti Telekom management board  
to convene a general meeting for the approval of the squeeze-out on November 20,
2009 the settlement with shareholders who have exercised their sell-out right   
will be executed on December 1, 2009.                                           

Each shareholder wishing to exercise the sell-out right must contact the        
relevant custodian of its securities account who operates the ECRS securities   
account on which the shares of Eesti Telekom belonging to such shareholder are  
held and submit to the custodian a transaction instruction for the sale of      
shares containing at least the following information:                           

Security:		Eesti Telekom share                                                  
ISIN code:		EE3100007220                                                        
Price per share:		EEK 93.00                                                     
Number of shares:		(to be determined by the 	shareholder)                       
Counterparty:		TeliaSonera AB                                                   
Counterparty's custodian:		AS SEB Pank                                          
Counterparty's securities account number:	99101513290                           
Value date:		December 1, 2009                                                   
Type of transaction:			sale	                                                    
Type of settlement:			against payment                                           

All acceptances given in the course of exercising the sell-out right shall be   
subject to the same terms and conditions and restrictions as applied to the cash
offer launched on September 9, 2009, as set out in the offer prospectus.        

_____________________________________________                                   
For further information:                                                        
The TeliaSonera Press Office, +46-771 77 58 30                                  
investor-relations@teliasonera.com