The Nordic and Baltic telecommunications leader Norway, Denmark and The Baltic countries Infobalt 2003 Vilnius, October 21-22 Kenneth Karlberg, President Public September 8, 2003

TeliaSonera in the Baltic Countries Baltic region – core market since early 1990’s 1991 ETL (Elion and EMT) together with Sonera 1992 LMT 1994 Lattelekom 1998 Lietuvos Telekomas 1998 Omnitel We believe in the region Estonia Latvia Lithuania

TeliaSonera history in Lithuania Long term commitment 1996 Fiber Optic Sea Cable Stockholm-Gotland-Sventoji(Telekomas 30% & Telia 70%) 1997 UAB Lieteilja (ISP) 1998 Lietuvos Telekomas 1998 Omnitel 2003 Omnitel 35 percent

TeliaSonera Nordic and Baltic countries Footprint Q2 2003 Total Mobile customers 9,705,000 Total Fixed customers 8,293,000 Sweden Mobile customers 3,687,000 Fixed customer 5,509,000 Finland Mobile customers 2,471,000 Fixed customers 486,000 Norway Mobile customers 1,181,000 Fixed customers 0 Sweden Denmark Mobile customers 484,000 Fixed customers 349,0001) Finland Norway Estonia Mobile customers 439,000 Fixed customers 451,000 Estonia Latvia Mobile customers 538,000 Fixed customers 639,000 Latvia Denmark Denmark Lithuania Mobile customers 905,000 Fixed customers 859,000 Lithuania 1) Including Internet and Cable-TV 2) Incl majority owned companies, LMT; Omnitel, Lietuvos Telekomas

Position outside home market Russia Ownership: 43.8% Mobile subs. Q2, 2003: 4.3 million Inhabitants 144.5 million #3 Eurasia Fintur companies: Ownership: 58.55% Mobile subs. Q2, 2003: 1.9 million Inhabitants 33.9 million #1 #2 Turkey Ownership: 37.1% Mobile subs. Q1, 2003: 16.3 million Inhabitants 68.1 million #1

TeliaSonera in the Baltic countries Long term commitment Industrial investments Local brands and national management Society modernization initiatives Stronger ties to the TeliaSonera family

Vision 2010 Simplicity makes everything possible The word “simplicity” has been chosen because it refers to easy-to-use, easy-to-find, easy-to-understand, easy-to-buy, easy-to-manage, easy-to-contact, easy-to-do business with, easy-to-get support from, easy-to-partner with, etc. The list is long, because simplicity means “easy” in every sense of the word. Our customers should feel that we are service-minded people who provide innovative solutions and a new level of convenience and speed. “Everything possible” should be interpreted as being able to offer our customers all the solutions they need, that they are willing to pay for in our scope of business. We will encourage and develop the attitude that nothing is impossible. Some people might say, “Not everything is possible” but we do not agree, because we do not consider the obstacles first. We believe that everything is possible until it has been tried. We do it together with our partners, and we choose partners with the same everything-is-possible attitude. Our Vision is a picture of what we want to achieve by 2010. This does not mean that we have to wait until 2010; we need to reach some of our goals now in order to fulfil the rest. Neither can we achieve our Vision in three years time and then feel satisfied. Competitors adapt quickly to new initiatives as they build competitive advantages. Simplicity brings new challenges every day. A player with simplicity as its hallmark will present a much bigger challenge in seven year’s time than anything we can imagine today! The following slides explain, “Simplicity makes everything possible” from four different perspectives: customers, services, ourselves and growth. Simplicity makes everything possible

“The spinning transistor” A technology breakthrough?

Growing together or drifting apart Together we are able to maintain the position as the leading IT-region We have the skills We have the technology We need to join forces

The Nordic and Baltic telecommunications leader