Investor Presentaiton

Capital allocation priorities to support growth ambitions and create shareholder value Investing into the businesses USE OF FREE CASH FLOW Investing in growth areas to support the 5% growth target of 2023 1. Dividend 2. Deleveraging " M&A 3. Distribution of excess capital Increased dividends annually* Net debt/EBITDA <2 by 2022 M&A supporting growth Extraordinary dividend tietoevry *baseline 2019 original dividend proposal of 1.27 €/share 15

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