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Disclaimer
The takeover bid is not being made in the United States of America, Canada, Australia, Japan or Italy. Copies of these materials are not being made and may not be distributed or sent into the United States, Canada, Australia, Japan or Italy.
The takeover bid will be made in accordance with the laws of the Republic of Lithuania and will not be subject to any filing with, or approval by, any foreign regulatory authority. TeliaSonera submitted takeover bid application package to the Bank of Lithuania and launches the takeover bid following the approval of the Takeover Bid Circular.
This information does not constitute, or form part of, any offer or invitation to sell, or any solicitation of any offer to purchase any securities in any jurisdiction, nor shall it (or any part of it) or the fact of its distribution form the basis of or be relied on in connection with, any contract therefore.
The takeover bid is not being made and will not be made directly or indirectly in, or by use of the mails of, or by any means or instrumentality of interstate or foreign commerce of, or any facilities of a national securities exchange of, the United States of America, Canada, Australia, Japan or Italy.
This includes, but is not limited to, facsimile transmission, electronic mail, telex, telephone and the Internet. Accordingly, copies of these documents and any related takeover bid documents are not being, and must not be, mailed or otherwise transmitted, distributed or forwarded in or into the United States of America, Canada, Australia, Japan or Italy.
Any purported acceptance of the takeover bid resulting directly or indirectly from a violation of these restrictions will be invalid. No securities or other consideration is being solicited and if sent in response by a resident of the United States of America, Canada, Australia, Japan or Italy will not be accepted.
No indications of interest in the takeover bid are sought by these materials.
The release, publication or distribution of this information in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this information is released, published or distributed should inform themselves about and observe such restrictions.
Receipt of this information will not constitute a takeover bid in those jurisdictions in which it would be illegal to make the takeover bid and in such circumstances it will be deemed to have been sent for information purposes only. Persons receiving this document or any other related documents (including custodians, nominees and trustees) should observe these restrictions and must not send or distribute this document in or into the United States of America Canada, Australia, Japan or Italy. Doing so may render invalid any purported acceptance.
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TeliaSonera today launched a voluntary takeover bid to acquire the outstanding shares in TEO LT for the price of EUR 0.637 per share in cash. Including open market transactions since May 8, TeliaSonera now holds 84.6 percent of TEO LT.
The total value of the offer amounts to EUR 76 million. The takeover bid is not conditional and has no minimum threshold of shares acquired.
"We are consistent in our promises and all shareholders now have equal opportunities to sell their shares in TEO LT at the same price as East Capital did on May 7," says Per-Arne Blomquist, Executive Vice President and CFO of TeliaSonera. Â
The subscription period starts today, June 5, 2012. Investors who would like to sell their shares are requested to deliver their acceptance via bank or broker by no later than June 29, 2012, 3 P.M. local time. TeliaSonera will unconditionally accept all sell orders received by that date and the settlement will take place on July 4, 2012.
The offer prospectus is available at the website of NASDAQ OMX Vilnius Stock Exchange  (www.nasdaqomxbaltic.com) and TEO LT's website (www.teo.lt).
"The period for assessing the offer is relatively short, but it is fairly enough time for all shareholders to take advantage of this attractive window of opportunity," continues Per-Arne Blomquist.
TeliaSonera will also continue buying TEO LT shares in the open market at the same price of EUR 0.637 per share during the takeover bid period.
"We will consider all options when the offer will be finalized, but we intend to keep TEO LT listed as long as there is a reasonable free float," concludes Per-Arne Blomquist.
TeliaSonera AB discloses the information provided herein pursuant to the Swedish Securities Markets Act and/or the Swedish Financial Instrument Trading Act. The information was submitted for publication at 8.30 A:M. CET on June 5, 2012.
For more information, please call the TeliaSonera press office + 46-771 77 58 30, press@teliasonera.com
Forward-Looking Statements Statements made in the press release relating to future status or circumstances, including future performance and other trend projections are forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. There can be no assurance that actual results will not differ materially from those expressed or implied by these forward-looking statements due to many factors, many of which are outside the control of TeliaSonera.
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Contacts:
TeliaSonera press office
+ 46-771 77 58 30
press@teliasonera.com
