Press release 30 June 2008
Ministry of Finance
Ministry of Enterprise, Energy and Communications

Statement regarding France Telecom's withdrawal of the indicative proposal

Following today's announcement by France Telecom to withdraw their proposal to combine with TeliaSonera, the minister of financial markets and local government, Mats Odell, gives the following statement:

"As one of the principal shareholders of TeliaSonera we have followed closely the discussions between France Telecom and the board of directors of TeliaSonera. When France Telecom announced their indicative proposal on June 5, we stated that the offer did not reflect the full value and potential of TeliaSonera. France Telecom today announced that they withdraw their proposal to combine with TeliaSonera. The Government's intention to reduce its ownership in TeliaSonera remains unchanged."

The Swedish state holds a total of 37.3 percent of the shares and votes in TeliaSonera.