Telia Company Mergers and Acquisitions Presentation Deck

FINANCIALLY ACCRETIVE TRANSACTION 2017 (SEK BILLION) Revenues 13 EBIT (margin) EBITDA-CAPEX (cash conversion) 2017 (SEK BILLION) EPS (SEK) Op FCF* (cash conversion) TELIA COMPANY** 79.8 *Telia definition ** Continuing operation, excluding GET/TDC Norway ***Post tax 13.8 17.3% 10.3 41.0% TELIA COMPANY** 1.92 9.7 38.4% BONNIER BROADCASTING 7.4 0.4 5.2% 0.4 82.4% BONNIER BROADCASTING 0.06 0.3 66.2% FULL RUN-RATE SYNERGIES n.a 0.6 0.6 FULL RUN-RATE SYNERGIES*** 0.11 0.5 COMBINED PRO FORMA >87.2 14.8 n.a 11.3 43.1% COMBINED PRO FORMA 2.08 (+8.6%) 10.4 (+7.3%) 39.7%

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