AS EESTI TELEKOM SUBMITTED AN APPLICATION TO STOP TRADING WITH SHARES


On 5 January 2010, AS Eesti Telekom submitted an application to NASDAQ OMX      
Tallinn Stock Exchange (hereinafter referred to as the “Exchange”) to stop      
trading with Eesti Telekom shares as from 7 January 2010 until delisting of the 
shares from the main list of the Exchange.                                      

On 21 December 2009, the Listing and Surveillance Committee of the Exchange     
decided to satisfy the request of AS Eesti Telekom to delist the shares of AS   
Eesti Telekom from the main list of the Exchange as of the next stock exchange  
day after the minority shares have been transferred to TeliaSonera AB (publ) by 
the registrar of the Estonian Central Register of Securities (hereinafter       
referred to as the “Registrar”).                                                

AS Eesti Telekom has submitted an application to the Registrar to transfer the  
shares in the ownership of minority shareholders to TeliaSonera AB (publ). On   
the basis of the information received from the Registrar so far, AS Eesti       
Telekom assumes that the day of the transfer of the shares will be 12 January   
2010.                                                                           

The Registrar will transfer minority shares to TeliaSonera AB (publ) and        
monetary compensation to the bank accounts of the minority shareholders         
automatically without the minority shareholders having to submit any additional 
applications or orders.                                                         

To ensure that all transactions done with shares of AS Eesti Telekom will be    
completed before the transfer day, it is necessary to stop the share trading    
with sufficient time reserve before the date of transfer of shares, taking into 
consideration the usual term of realization of stock exchange transactions.     

Presuming that the transfer date of shares is 12 January 2010, it is necessary  
to stop the trading as from 7 January 2010. In such a case, the last trading day
with AS Eesti Telekom shares will be 6 January 2010 and all transactions made on
this day will be settled on 11 January 2010.