TeliaSonera's issued and outstanding share capital as of December 31, 2007 totaled SEK 14,369,463,081.60 distributed among 4,490,457,213 shares. All issued shares have been paid in full and carry equal rights to vote and participate in the assets of the company. At the general meeting of shareholders, each shareholder is entitled to vote for the total number of shares she or he owns or represents. Each share is entitled to one vote.

There are no rules in either the Swedish legislation or in TeliaSonera AB's Articles of Association that would limit the possibility to transfer the TeliaSonera shares.

In May 2007, the Government of Sweden sold 8.0 percent of TeliaSonera and lowered its shareholding to 37.3 percent from 45.3 percent. As of December 31, 2007, the company had two shareholders with more than ten percent of the shares and votes: the Swedish State with 37.3 percent of the shares and votes and the Finnish State with 13.7 percent of the shares and votes. The Swedish State and the Finnish State entered into a shareholders' agreement at the time of the merger, which remained in force until December 9, 2007. TeliaSonera is not aware of any other agreements between major shareholders of the company regarding the TeliaSonera shares.

As of December 31, 2007, TeliaSonera's pension funds held 0.03 percent of the company's shares and votes. No TeliaSonera shares are held by the company itself or by its subsidiaries.

The Board of Directors does not currently have any authorization by the general meeting of shareholders to issue new shares or to repurchase TeliaSonera shares.

In case of a "change of control" in TeliaSonera AB, the company could have to repay certain loans at short notice, since some of TeliaSonera's financing agreements contain customary "change of control" clauses. These clauses generally also contain other conditions including, for example, that the "change of control" has to cause a negative change in TeliaSonera's credit rating in order to be effective.

The CEO may resign within one month from a "change of control" of TeliaSonera AB and be entitled to severance pay as further described in Note 32 to the consolidated financial statements.

The Articles of Association of TeliaSonera AB do not include any rules relating to the appointment or dismissal of members of the Board of Directors, or any rules relating to amendments to the company's Articles of Association, in the general meeting of the shareholders.

See also section "TeliaSonera Share" and Note 21 to the consolidated financial statements.