TeliaSonera January-June 2003 - Pro Forma*

TeliaSonera January-June 2003 - Pro Forma*

Q2 in Brief
· Net sales in line with previous year, SEK 20,275 million (20,290).
· Operating income improved to SEK 2,744 million (-37,974). Excluding non-
recurring items, operating income improved to SEK 3,963 million (800).
· Net income improved to SEK 1,499 million (-27,510) and earnings per
share to SEK 0.32 (-5.88).
· EBITDA improved to SEK 7,747 million (1,734). Excluding non-recurring
items, EBITDA improved to SEK 8,070 million (6,241) and the margin
increased to 40 percent (31).
· Free cash flow increased to SEK 5,155 million (2,534).

First Half-Year in Brief
· Net sales increased 1.7 percent to SEK 40,624 million (39,932).
· Operating income improved to SEK 5,971 million (-33,349). Excluding non-
recurring items, operating income improved to SEK 7,190 million (2,810).
· Net income improved to SEK 3,101 million (-23,632) and earnings per
share to SEK 0.66 (-5.05).
· EBITDA improved to SEK 15,309 million (8,306). Excluding non-recurring
items, EBITDA improved to SEK 15,632 million (12,213) and the margin
increased to 38 percent (31).
· Free cash flow increased to SEK 9,052 million (2,245).

Stockholm, July 31, 2003

Anders Igel
President and CEO

Ernst & Young AB KPMG Bohlins AB
Lars Träff Thomas Thiel
Authorized PublicAccountant Authorized PublicAccountant


Questions regarding content:
TeliaSonera AB
Investor Relations
SE-123 86 Farsta, Sweden
Tel. +46 8 504 550 00
Fax +46 8 713 6947
www.teliasonera.com/ir

Ordering of individual printed Shareholders with questions
reports: regarding the distribution of
Tel. +46 372 850 84 financial reports or for change of
Fax +46 372 153 70 address:
www.teliasonera.com/ir Tel. +46 8 449 88 16
Fax +46 8 449 88 10
E-mail: teliasonera@strd.se

* Pro forma presentation as if the merger of Telia and Sonera had taken
place on January 1, 2002 and excluding Telia's Finnish mobile operations
and Swedish cable TV operations. Convenience translation only,
conversion rate SEK 1 = EUR 0.108888.

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