Telia Company Results Presentation Deck

NET DEBT AND LEVERAGE 2.52x 77.2 -6.2 18 Net debt and leverage development Reported currency, SEK billion and leverage ratio Q1 21 Opera- tions 3.5 -8.0 -8.6 4.1 = Leverage ratio (multiple, rolling 12 months) -0.7 2.32x 69.2 Cash Carrier Dividend Other Q2 21 CAPEX proceeds -7.3 2.07x 61.9 Tower Q2 21 proceeds proforma • Positive impact on net debt and leverage Q2 from Telia Carrier proceeds ● ● Excluding Telia Carrier proceeds net debt is fairly unchanged as first dividend tranche was paid in Q2 Proforma leverage Q2 of 2.07x (including the tower proceeds) Net debt/ adjusted EBITDA in the range of 2.0-2.5x

View entire presentation