TeliaSonera in RussiaLars NybergPresident and CEO

TeliaSonera - our footprint

• More than 450 million population

• Total number of subscriptions close to 144 million

– of which ~47 million in the majority-owned operations

– and ~97 million in the associated companies

Eurasia – a long term commitment

Country Market position

Since year

Brand SubscribersSeptember 2009

Azerbaijan 1 1996 Azercell 3,688,000

Georgia 1 1996 Geocell 1,560,000

Kazakhstan 1 1998 K’cell 7,082,000

Moldova 2 1999 Moldcell 622,000

Tajikistan 1 2007 Indigo, Somoncom 1,409,000

Uzbekistan 2 2007 UCell 4,759,000

Nepal 2 2008 Mero Mobile 1,832,000

Cambodia 4 2008 Star-Cell 141,000

Russia 3 1994 MegaFon 48,324,000

Turkey* 1 1993 Turkcell 36,300,000

Ukraine* 3 2004 Life 11,700,000

Belarus* 3 2008 Life 600,000

* Subscribers as of June 2009. Turkcell owns 54.2% in Ukraine and 80% in Belarus.

Founding partner of MegaFon

• Started North West GSM in St. Petersburg in 1994

• Started Sonic Duo in Moscow in 2000

• MegaFon established as a nationwide operator in 2002

• TeliaSonera’s effective ownership in MegaFon 43.8%

Russia

Population: 145 millionPenetration: ~140%Market share: Just below 30%Market position: # 3Registered subscribers: 48,324,000

MegaFon – strong development

0

5

10

15

20

25

30

35

40

45

50

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008Q3/2009

Number of subscriptions (million)

Subscriptions (million)

0

50

100

150

200

2004 2005 2006 2007 2008

Net sales (RUR billion)

40% average growth rate

0

10

20

30

40

50

2004 2005 2006 2007 2008

Net income (RUR billion)

70% average growth rate

0 % 25 % 50 % 75 % 100 % 125 % 150 %

Russia

Turkey

Cambodia

Nepal

Uzbekistan

Tajikistan

Moldova

Kazakhstan

Georgia

Azerbaijan

Mobile penetration

Population (millions)

0 25 50 75 100 125 150

Russia

Turkey

Cambodia

Nepal

Uzbekistan

Tajikistan

Moldova

Kazakhstan

Georgia

Azerbaijan

Mobile penetration in Russia

The mobile broadband potential

0

1 000

2 000

3 000

4 000

5 000

6 000

7 000

08 Jan 08 Apr 08 Jul 08 Oct 09 Jan 09 Apr

Data grow th, volume index (January 2008 = 100)

Moldcell in Moldova - data growth

3G services launchedOctober 1, 2008

Country 3G licence

Russia √

Turkey √

Georgia √

Moldova √

Tajikistan √

Uzbekistan √

Nepal √

Cambodia √

Azerbaijan n/a

Kazakhstan n/a

0 % 20 % 40 % 60 % 80 % 100 %

Cambodia

Nepal

Uzbekistan

Tajikistan

Moldova

Kazakhstan

Georgia

Azerbaijan

Data Other VAS Voice/Other

Revenue split

MegaFon – partnership structure

• TeliaSonera holds directly and indirectly 43.8% in MegaFon

• AF Telecom holds directly and indirectly 31.1% in MegaFon

• Alfa/Altimo holds directly 25.1% in MegaFon

Alfa Group / Altimo AF Telecom Holding

Telecominvest

26.1%

73.9%

31.3%35.6%

8.0%25.1%

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