Telia Company Results Presentation Deck

ESTONIA - UNABLE TO FULLY OFFSET COVID-19 IMPACT 16 SERVICE REVENUES & ADJUSTED EBITDA Like for like growth Q2 Q3 Q4 Q1 19 19 19 20 2.1% Q2 20 Service revenues -1.3% Q2 Q3 Q4 Q1 Q2 19 19 20 20 19 EBITDA SUBSCRIPTIONS & ARPU DEVELOPMENT Subscription growth q-o-q in 000', subscription rev. ARPU ex M2M in local currency ARPU (y-o-y) -2.1% · Q2 19 Q3 19 Q4 19 Subs. (q-o-q) -2K TV ARPU (y-o-y) +14% Q1 20 5 Q2 20 Subs. (q-o-q) -1K ((( ARPU (y-o-y) +2%

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