Börsiteade

Pealkiri

Threshold of 90 percent in the cash offer for Eesti Telekom reached

Teade

As of today shareholders representing a total of 29.31 percent of the shares in
Eesti Telekom have accepted TeliaSonera's cash offer, which indicates that
TeliaSonera's shareholding will be at least 90.29 percent, which is above the
90 percent threshold required for a squeeze-out. 

TeliaSonera group currently owns 84,119,239 shares of Eesti Telekom,
representing approximately 60.98 percent of all outstanding shares. According
to the data of Estonian Central Register of Securities as at 14:00 on October
8, acceptances were submitted for 40,436,608 shares, representing 29.31 percent
of all outstanding shares. Thereby, following the completion of the offer,
TeliaSonera will control more than 90 percent of the shares in Eesti Telekom 

The acceptance period in the cash offer for the shares in Eesti Telekom will
end on October 9, 2009. TeliaSonera is offering EEK 93.00 in cash, for each
share of Eesti Telekom. According to the decision of an Extraordinary General
Meeting of Eesti Telekom all shareholders as of October 15, 2009 will receive
an additional dividend of EEK 6.99 per share, including those shareholders who
accept the cash offer. 

Investors participating in the offer are requested to submit their acceptance
via a commercial bank managing their securities account no later than October
9, 2009. 

SEB Enskilda is acting as TeliaSonera's sole financial advisor in this
transaction. Raidla Lejins & Norcous is acting as TeliaSonera's Estonian legal
adviser and Sullivan & Cromwell LLP is acting as international legal adviser. 

This press release does not constitute, or form part of, any offer or
invitation to sell, or any solicitation of any offer to purchase any securities
in any jurisdiction, nor shall it (or any part of it) or the fact of its
distribution form the basis of or be relied on in connection with, any contract
therefore. 

The Offer is not being made and will not be made directly or indirectly in, or
by use of the mails of, or by any means or instrumentality of interstate or
foreign commerce of, or any facilities of a national securities exchange of,
the United States of America, Canada, Australia, Japan or Italy. 

This includes, but is not limited to, facsimile transmission, electronic mail,
telex, telephone and the Internet. Accordingly, copies of this press release
and any related offering documents are not being, and must not be, mailed or
otherwise transmitted, distributed or forwarded in or into the United States of
America, Canada, Australia, Japan or Italy. 

Any purported acceptance of the Offer resulting directly or indirectly from a
violation of these restrictions will be invalid. No securities or other
consideration is being solicited and if sent in response by a resident of the
United States of America, Canada, Australia or Japan will not be accepted. 
No indications of interest in the Offer are sought by this press release.

The release, publication or distribution of this press release in certain
jurisdictions may be restricted by law and therefore persons in such
jurisdictions into which this press release is released, published or
distributed should inform themselves about and observe such restrictions. 

Receipt of this press release will not constitute an offer in those
jurisdictions in which it would be illegal to make the Offer and in such
circumstances it will be deemed to have been sent for information purposes
only. 
_____________________________________________
For further information journalists can contact:
The TeliaSonera Press Office, +46-771 77 58 30 
investor-relations@teliasonera.com