Results of TeliaSonera's mandatory redemption offer and issue of new shares

Results of TeliaSonera's mandatory redemption offer
and issue of new shares

TeliaSonera (SSE: TLSN, HEX: TLS1V, NASDAQ: TLSN) today announces that
48,441,495 shares in Sonera (HEX:SRA), including shares represented by
American depositary shares ("ADSs"), and 2,544,343 warrants in Sonera,
together representing 4.5 percent of the shares and votes in Sonera,
after full dilution, have been tendered in TeliaSonera's mandatory
redemption offer for all of the remaining shares, including shares
represented by ADSs, and warrants in Sonera. Following the completion of
the mandatory redemption offer, TeliaSonera's total holding of
securities in Sonera represents 99.4 percent of the shares and votes
after full dilution.

In connection with the mandatory redemption offer, the Board of
Directors of TeliaSonera today decided, in accordance with the
authorization by the extraordinary general meeting, to increase the
share capital of the company by SEK 222,321,100.80, through the issuance
of 69,475,344 new shares. Following the new issue, the share capital of
TeliaSonera amounts to SEK 14,960,742,620.80 and the total number of
shares outstanding amounts to 4,675,232,069.

Consideration, in the form of TeliaSonera securities, for Sonera
securities tendered in the mandatory redemption offer, is expected to be
delivered on February 17, 2003.

Forward-Looking Statements
This press release may contain forward-looking statements regarding
TeliaSonera´s mandatory redemption offer to Sonera´s shareholders and
warrantholders. Statements that are not strictly historical statements,
including statements about TeliaSoneras and Sonera's beliefs and
expectations, constitute forward-looking statements. By their nature,
forward-looking statements are subject to risk and uncertainty because
they relate to events and depend on circumstances that will occur in the
future. TeliaSonera and Sonera are under no obligation to, and expressly
disclaim such obligation to, update or alter their forward-looking
statements, whether as a result of new information, future events or
otherwise.
Restrictions on Ability of Certain Persons to Participate in the
Mandatory Redemption Offer. Due to restrictions under the securities
laws of Australia, the Hong Kong Special Administrative Region of the
People´s Republic of China, Japan and New Zealand, the mandatory
redemption offer, insofar as it comprises an offer of TeliaSonera
securities, will not be made in any of Australia, the Hong Kong Special
Administrative Region of the People´s Republic of China, Japan or New
Zealand. The mandatory redemption offer will, however, insofar as it
comprises an offer of cash, be made in Australia, the Hong Kong Special
Administrative Region of the People´s Republic of China, Japan and New
Zealand.
Due to restrictions under the laws of Italy and South Africa, the
mandatory redemption offer, both as it comprises an offer of TeliaSonsea
securities or cash, will not be made in Italy or South Africa.
Cautionary Disclaimer/Legend
On December 9, 2002, Telia announced the completion of its exchange
offer for all of the outstanding shares, including shares in the form of
American depositary shares, or ADSs, and certain warrants of Sonera.
Effective December 9, 2002, Telia changed its name to TeliaSonera. As a
result of the completion of the exchange offer, TeliaSonera, pursuant to
Finnish law, commenced a mandatory redemption offer to acquire all of
the outstanding shares, including shares in the form of ADSs, and
warrants of Sonera were not tendered in the exchange offer. The contents
of this document are neither an offer to purchase nor a solicitation of
an offer to sell shares of TeliaSonera. Any offer in the United States
will only be made through a prospectus, as amended or supplemented,
which is part of a registration statement on Form F-4 which Telia
originally filed with the U.S. Securities and Exchange Commission (the
"SEC") on October 1, 2002. Sonera shareholders who are U.S. persons or
are located in the United States are urged to carefully review the
registration statement on Form F-4, as it may be amended from time to
time, the prospectus, including any amendments or supplements thereto,
included therein and other documents relating to the offer that
TeliaSonera has filed or will file with the SEC because these documents
contain important information relating to the offer. You may obtain a
free copy of these documents at the SEC's web site at www.sec.gov. You
may also inspect and copy the registration statement on Form F-4, and
any amendment thererto, as well as any documents incorporated by
reference therein at the public reference room maintained by the SEC at
450 Fifth Street, NW, Washington, D.C. 20549. Please call the SEC at 1-
800-SEC-0330 for further information about the public reference room.
These documents may also be obtained free of charge by contacting
TeliaSonera AB, Investor Relations, SE-123 86 Farsta, Sweden. Attention:
External Communications or Investor Relations (tel: +46 8 7137143, or
Sonera Corporation, Teollisuuskatu 15, P.O. Box 106, FIN-00051 SONERA,
Finland. Attention: Investor Relations (tel: +358 20401). YOU SHOULD
READ THE PROSPECTUS, AND ANY AMENDMENTS OR SUPPLEMENTS THERETO CAREFULLY
BEFORE MAKING A DECISION CONCERNING THE OFFER.

For further information journalists can contact: Telia´s Press Office,
phone +46 8 713 58 30

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