Telia Company Results Presentation Deck

NORWAY - EBITDA IS IMPROVING 14 SERVICE REVENUES & ADJUSTED EBITDA Like for like growth ● ● -5.4% Q2 Q3 Q4 Q1 Q2 19 19 19 20 20 Service revenues 8.4% Q2 Q3 Q4 Q1 Q2 19 19 19 20 20 EBITDA Consumer mobile and TV still challenging Cost control and synergies deliver better EBITDA SUBSCRIPTIONS & ARPU DEVELOPMENT Subscription growth q-o-q in 000', subscription rev. ARPU ex M2M in local currency ARPU (y-o-y) -1.8% ● Q2 19 Q3 19 Q4 19 Q1 20 Subs. (q-o-q) -2K TV ARPU (y-o-y) -7% -8 Q2 20 Subs. (q-o-q) +9K Mobile ARPU fell due to roaming • Continued growth in broadband subs ((( ARPU (y-o-y) -5%

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