Telia Company Investor Day Presentation Deck

CAPEX DEVELOPMENT 2021-2023 Connect Connect Transform Main components and benefits 56 Network modernization MOBILE 5G roll-out NETWORK Partly replacing FIXED NETWORK PRODUCT DEV./ IT ● ● ● ● ● ● ● ● coverage/capacity investments Copper legacy shut down Continued footprint growth Selective fiber deployment with partners Modernize and simplify IT Convergence capabilities Digitalize customer journeys New and common product platforms Strengthen analytics capabilities Coverage ARPU uplift Reduced churn Footprint Customer base OPEX reduction Products Cust. experience OPEX reduction Increased CAPEX 2021 - not above past levels Excl. Telia Carrier 17% 16% Inspire Connect Transform Deliver 17% 2020 2021 2019 ■ Mobile NW ■Fixed NW STRATEGY UPDATE 29 JANUARY 20 21 15% 2023 ■ Prod dev/IT ■ Other Investment program subject to rigorous benchmarking and focus on returns x CAPEX/Net sales

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