OREANDA-NEWS. November 05, 2009. The Management Board of AS Eesti Telekom (“Eesti Telekom”) (registry code 10234957, address Valge 16, Tallinn) called an extraordinary general meeting of shareholders to decide upon the takeover of the shares belonging to the remaining shareholders of Eesti Telekom (except Baltic Tele AB) (“Minority Shareholders”) by TeliaSonera AB (publ) (“TeliaSonera”) (registry code 556103-4249, address Stureplan 8, SE-106 63 Stockholm, Sweden) in accordance with Article 1821 of the Securities Market Act, for which the fair compensation payable to the Minority Shareholders is EEK 93.00 per share, as determined by TeliaSonera. In connection with the above, Eesti Telekom published, among other things, the takeover report prepared by TeliaSonera and the independent auditor's report on auditing of the takeover report, reported the press-centre of Eesti Telekom.

In connection with questions concerning the takeover submitted by some Minority Shareholders to Eesti Telekom, the independent auditor has amended its report in order to give the Minority Shareholders additional detailed information on the auditing of the takeover report. The amended auditor’s report is available from 3 November 2009 at www.telekom.ee and on workdays from 9:00am to 5:00pm in the office of Eesti Telekom at Valge 16, Tallinn. In addition, the draft resolution of the extraordinary general meeting, annual reports and management reports of Eesti Telekom for financial years 2006, 2007 and 2008, and the takeover report are also still available at the aforementioned locations.

To give Minority Shareholders sufficient time to familiarise themselves with the amended auditor’s report, at the request by TeliaSonera, Eesti Telekom will postpone the extraordinary general meeting called for 20 November 2009. The extraordinary general meeting will be held on 4 December 2009 at 12:00 (noon) in the building of Eesti Telekom (Valge 16, Tallinn).

The shareholders registered in the share register of Eesti Telekom on 24 November 2009 at 11:59pm will have the right to vote at the general meeting.

Registration for the general meeting starts on 4 December 2009 at 11:30am at the place of the meeting. For registration for the meeting, shareholders must present identification documents and representatives of shareholders’ must present documents proving their right of representation.

The agenda and the draft resolutions of the general meeting will not change – they were published on 19 October 2009 in the notice calling the general meeting.

Any questions regarding the extraordinary general meeting can be asked by phone (+372) 631 1212, on the Internet at www.telekom.ee, or by e-mail mailbox@telekom.ee.