Telia Company Results Presentation Deck

DENMARK - STRONG COST CONTROL 17 SERVICE REVENUES & ADJUSTED EBITDA Like for like growth Q2 Q3 Q4 Q1 19 19 19 20 -7.4% Service revenues Q2 20 -0.5% Q2 Q3 Q4 Q1 Q2 19 19 19 20 20 EBITDA SUBSCRIPTIONS & ARPU DEVELOPMENT Subscription growth q-o-q in 000', subscription rev. ARPU ex M2M in local currency ARPU (y-o-y) -10.0% · Q2 19 Subs. (q-o-q) +12K Q3 19 Q4 19 TV ARPU (y-o-y) -41% Q1 20 14 Q2 20 Subs. (q-o-q) +3K ((( ARPU (y-o-y) +16%

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