Tallinn Stock Exchange               ANNOUNCEMENT                    28.12.2004



Baltic Tele AB gained dominant influence over AS Eesti Telekom



In accordance with Article 12(2) of the Rules of Takeover Bids Baltic Tele AB 

(a company incorporated pursuant to the laws of Sweden, registration number 

556454-0085, address c/o TeliaSonera AB, Ekonomi, Box 7754, SE-103 96, 

Stockholm, Sweden) hereby announces that on 28 December 2004 it became the 

owner of 50.00004 per cent of votes represented by shares of AS Eesti Telekom 

(a company incorporated pursuant to the laws of Estonia, registry code 10234957, 

address Roosikrantsi 2, 10119 Tallinn) and, accordingly, gained dominant 

influence over AS Eesti Telekom within the meaning of Article 167 of the 

Securities Market Act of Estonia. 



Pursuant to Article 166(1) of the Securities Market Act, a person who has 

gained dominant influence over the issuer of a share listed on an Estonian 

exchange (target issuer) either directly or together with other persons acting 

in concert is required to make a takeover bid for all shares of the target 

issuer with a duration of at least for 28 days within 20 days as of gaining 

dominant influence.





Further information:

Kjell Lindström 

Head of Communications, TeliaSonera Norway, Denmark, Baltic countries

tel: +46-(0)70-5954430

TeliaSonera´s Press Office, +46-(0)8-713 58 30