Completion of the exchange offer and commencement of trading in TeliaSonera

Completion of the exchange offer and commencement of trading in

Telia AB (SSE:TLSN, formerly TLIA) today announces the completion of the
exchange offer for shares and warrants in Sonera Corporation (HEX:SRA,

· Telia AB changes its name to TeliaSonera AB

· Telia shares and warrants issued in connection with the merger
have been delivered

· Trading in the TeliaSonera shares and warrants of series
2002/2005:A will commence today on the Stockholm Exchange, Helsinki
Exchanges and NASDAQ under the following ticker symbols and ISIN/CUSIP

TeliaSonera TeliaSonera
TeliaSonera ADS warrant
share (repr. 5 shares) 2002/2005:A

Ticker symbols
Stockholm Exchange TLSN
Helsinki Exchanges TLS1V TLS1VEW102

Stockholm Exchange SE0000667925
Helsinki Exchanges SE0000667925 SE0001016221
NASDAQ 97960M106

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

Forward-Looking Statements
This press release may contain forward-looking statements regarding
Telia's exchange offer to Sonera's shareholders and warrantholders.
Statements that are not strictly historical statements, including
statements about Telia's 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. Telia
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
Exchange Offer

Due to restrictions under the securities laws of Australia, the Hong
Kong Special Administrative Region of the People's Republic of China,
Italy, Japan, New Zealand and South Africa, the exchange offer will not
be extended to persons with registered addresses in, and who are
residents of, any of Australia, the Hong Kong Special Administrative
Region of the People's Republic of China, Italy, Japan, New Zealand or
South Africa.

Cautionary Disclaimer/Legend
The combination of Sonera and Telia is being implemented through an
exchange offer being made by Telia to all shareholders of Sonera. The
contents of this document are neither an offer to purchase nor a
solicitation of an offer to sell shares of Telia. Any offer in the
United States will only be made through a prospectus, which is part of a
registration statement on Form F-4, which Telia 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, the prospectus included therein and other documents relating to the
offer that Telia has filed or will file with the SEC because these
documents contain important information relating to the offer. You are
also urged to read the related solicitation/recommendation statement on
Schedule 14D-9 that was filed by Sonera with the SEC on October 1, 2002
regarding the offer. You may obtain a free copy of these documents at
the SEC's web site at You may also inspect and copy the
registration statement on Form F-4, as well as any documents
incorporated by reference therein, and the Schedule 14D-9 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 Telia AB, Investor
Relations, SE-12386 Farsta, Sweden. Attention: External Communications
or Investor Relations (phone: +46 8 7137143, or Sonora, Teollisuuskatu
15, P.O. Box 106, FIN-00051 SONERA, Finland. Attention: Investor
Relations (phone: +358 20401). YOU SHOULD READ THE PROSPECTUS AND THE

TeliaSonera is the telecommunications leader in the Nordic region. The
Group's home market is the Nordic and Baltic regions. TeliaSonera´s
overall focus is on best serving its customers in its core business and
creating value for its shareholders through stronger profits and cash
flows. TeliaSonera is listed on Stockholmsbörsen, Helsinki Exchanges and
NASDAQ. Pro forma net sales in 2001 amounted to SEK 80.9 billion and the
number of employees as per June 30, 2002 was 34,045.

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