Cukurova ordered to deliver Turkcell Holding shares to TeliaSonera

Press Release
August 7, 2009


Cukurova ordered to deliver Turkcell Holding shares to TeliaSonera

An arbitration tribunal of the International Chamber of Commerce has issued an
award stating that Cukurova must deliver all the remaining shares in Turkcell
Holding to TeliaSonera for a cash consideration of USD 3.1 billion. The
arbitration tribunal further determined the lost value for TeliaSonera if the
shares are not delivered to USD 1.8 billion.

TeliaSonera now intends to enforce the award against Cukurova in Turkey. If the
shares are not delivered, TeliaSonera will demand damages from Cukurova in the
amount of USD 1.8 billion, which is the value for TeliaSonera of a lost
transaction as determined by the arbitration tribunal. 

TeliaSonera does not yet know if Cukurova is willing to, or able to, proceed
with a transfer of the shares to TeliaSonera, but a quick resolution of the
ownership dispute is not to be expected. 

In March 2005, an agreement was announced in which Cukurova agreed to sell all
the remaining shares in Turkcell Holding to TeliaSonera for a cash consideration
of USD 3.1 billion, which would increase TeliaSonera's effective ownership to
64,3 percent in Turkcell from 37,3 percent. The recent award results from an
arbitration proceeding in Geneva that TeliaSonera commenced in May 2005 against
Cukurova after Cukurova withdrew from the transaction. 

A partial award was issued by the arbitration tribunal in January 2007, stating
that a binding share purchase agreement was concluded in 2005 and obligated
Cukurova to join TeliaSonera in good faith efforts to bring about a closing of
the transaction. Cukurova has not acted in order to bring about a closing and
the tribunal has now ordered Cukurova to deliver the shares to TeliaSonera. 


TeliaSonera AB discloses the information provided herein pursuant to the Swedish
Securities Markets Act and/or the Swedish Financial Instrument Trading Act. The
information was submitted for publication at 7.30 a.m. CET on August 7, 2009.

_____________________________________________
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The TeliaSonera Press Office, +46-771 77 58 30 

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occur in the future. There can be no assurance that actual results will not
differ materially from those expressed or implied by these forward-looking
statements due to many factors, many of which are outside the control of
TeliaSonera.


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