Telia Company Results Presentation Deck

CONTINUED IMPROVEMENT IN OUR TELCO BUSINESSES Q1 19 YOY growth* Q1 19 YOY growth* SERVICE REVENUES IMPROVED 2 * Like for like Q2 19 Q3 19 Q2 19 Q4 19 Q3 19 ADJUSTED EBITDA IMPACTED BY TV AND MEDIA -1.0% Q4 19 Q1 20 -0.2% -5.1% Q1 20 Q1 20 (excl. TV/media) -1.4% Q1 20 (excl. TV/Media) OPERATIONAL FREE CASH FLOW Q1 2020 SEK3.3BN (SEK 4.4 BILLION Q1 2019) DIVIDEND AND LEVERAGE DIVIDEND SEK 1.80/SHARE (SEK 7.4 BILLION) LEVERAGE 2.62X (2.71x Q4 2019)

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