Proposed appropriation of profit

The Board and CEO propose that, from the SEK 19,978,601,680 at the disposal of the Annual General Meeting, an ordinary dividend of SEK 6.00 per share and an extraordinary dividend of SEK 21.00 per share be paid to shareholders, corresponding at December 31, 2010 to SEK 2,659,574,034 and SEK 9,308, 509,119 respectively, resulting in a total dividend of SEK 11,968,083,153, and that the remaining amount, SEK 8,010,518,527, be carried forward.

Based on this annual report, the consolidated financial statements and other information which has become known, the Board has considered all aspects of the parent company’s and group’s financial position. This evaluation has led the Board to the conclusion that the dividend is justifiable in view of the requirements that the nature and scope of, and risks involved in, Tele2’s operations have on the size of the company’s and group’s equity, as well as its consolidation needs, liquidity and financial position in general.