Stockholm ? Further to the earlier press releases of Tele2 Finance B.V.
(?Tele2?), issued together with Versatel Telecom International N.V.
(?Versatel?) and funds advised by Apax Partners, dated 18 July 2005, 17
August 2005, 8 September 2005, 13 September 2005, 10 October 2005 and 14
October 2005, and its sole press release dated 27 October 2005, Tele2
announces that 30,732,106 shares in the capital of Versatel (?Shares?) have
been tendered during the post-acceptance period, representing 5.87 per
cent. of the issued and outstanding share capital of Versatel.

The total number of Shares and Bonds tendered under Tele2?s public offers
would represent, should all Bonds be converted into Shares, approximately
82.39 per cent. of the consequently diluted share capital of Versatel.

Together with the Shares tendered during the initial offer period,
418,155,141 Shares, representing 79.87 per cent. of the issued and
outstanding share capital of Versatel, and 1,250 of the 3.875 per cent.
convertible senior notes due 2011 convertible into ordinary shares in the
capital of Versatel (?Bonds?), representing 100 per cent. of the issued and
outstanding Bonds, have been tendered under Tele2?s public offer for all
Shares and Bonds.

With reference to its press release dated 10 October 2005, Tele2 will pay,
no later than 7 November 2005, an amount of EUR 0.808415 in cash for each
Share validly tendered (or defectively tendered provided that such defect
has been waived by Tele2) during the post-acceptance period, being the
Offer Price per Share (as defined in the offer memorandum dated 14
September 2005) of EUR 2.20 less the amount of the distribution made on the
Shares on 17 October 2005 of EUR 1.391585 per Share. The total amount
payable to holders of Shares will be rounded up, if rounding is necessary.
Holders of Shares are reminded that Shares tendered in the post-acceptance
period may not be withdrawn.