Preliminary results of TeliaSonera's mandatory redemption offer


TeliaSonera (SSE: TLSN, HEX: TLS1V, NASDAQ: TLSN) today announces
that, based on preliminary calculations as of February 5, 2003,
holders of shares in Sonera (HEX:SRA), including shares represented
by American depositary shares (ADSs), and warrants in Sonera,
representing 4.4 percent of the shares and votes in Sonera, after
full dilution, have accepted 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, which expired on January 31, 2003,
TeliaSonera's total holding of securities in Sonera represents
approximately 99.4 percent of the shares and votes in Sonera after
full dilution.

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.

Michael Kongstad
Senior Vice President, Communications

Major Media

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
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

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 F4
which Telia originally filed with the U.S. Securities and Exchange
Commission (the "SECö) 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 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

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 telecommunications leader
in 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 sales as of December 31, 2001, totalled 80.9
billion SEK (EUR 8.9 billion) and the
number of employees as of June 30, 2002, was 30,045..

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