HELSINKI -- Telia AB (SSE:TLSN, formerly TLIA) today announces the completion of the exchange offer for shares and warrants in Sonera Corporation (HEX:SRA, NASDAQ:SNRA). Telia AB changes its name to TeliaSonera AB. Telia shares and warrants issued in connection with the merger have been delivered. Trading in the TeliaSonera shares and warrants of series 2002/2005:A will commence today on the Stockholm Exchange, Helsinki Exchanges and NASDAQ under the following ticker symbols and ISIN/CUSIP codes: Table 1:

In a separate release: Sonera Corporation has received the following notification according to Chapter 2, Section 9 of the Securities Market Act on a change in shareholding. TeliaSonera AB has today transferred the TeliaSonera shares and warrants offered in the exchange offer in October-November 2002 to the book-entry accounts of holders of Sonera shares (including ADSs) and warrant. As a result of the completion of the exchange offer, the Finnish State's shareholding in Sonera Corporation fell from 52.8% to 0%. At the same time, Sonera Corporation became a 94.9% owned subsidiary of TeliaSonera AB. As a result of the receipt of the TeliaSonera shares by the Finnish State as consideration for its Sonera Corporation shares, the Finnish State's holding in TeliaSonera AB increased to 19.0%. The Finnish State has not previously owned shares in TeliaSonera AB. Trading in the Sonera not tendered shares and 1999A warrants on the Helsinki Exchanges will continue for the time being until the conditions for delisting of Sonera shares and 1999A warrants have been met. Sonera ADSs not tendered during the exchange offer were de-listed from the NASDAQ National Market as of the end of trading on December 6, 2002. Sonera Corp. Telia AB