Decision of the Arbitral Tribunal regarding the redemption price of the Sonera share

Decision of the Arbitral Tribunal regarding the redemption price of the
Sonera share

The arbitral tribunal appointed in the redemption proceeding concerning
the shares in Sonera Corporation initiated by TeliaSonera AB, has on 26
June 2003 determined the redemption price to be five euro and
seventyeight cent (5.78 euro) per share and the interest to be paid on
the redemption price from 21 March 2003 was set at five per cent (5.0%)
per annum. It is estimated that the redemption price will be paid out in
September 2003 at the latest.

Pursuant to chapter 14, section 21 of the Finnish Companies Act, the
ownership of all shares in Sonera were transferred to TeliaSonera on 21
March 2003 upon TeliaSonera placing the guarantee approved by the
arbitral tribunal for the payment of the redemption price including
interest.

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

TeliaSonera, formed through a merger of Telia and Sonera in December
2002, is the leading telecommunications group in the Nordic and Baltic
regions. TeliaSonera is listed on the Stockholm Exchange, the Helsinki
Exchanges and Nasdaq Stock Market in the USA. Pro forma Net sales
January-March 2003 amounted to 20 billion SEK (EUR 2.2 billion). The
number of employees was 28,000.

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http://www.waymaker.net/bitonline/2003/06/26/20030626BIT01000/wkr0001.doc
http://www.waymaker.net/bitonline/2003/06/26/20030626BIT01000/wkr0002.pdf