Telia Company Results Presentation Deck

Finland Service revenues Reported currency, in SEK millions, like for like growth 3,231 Q4 20 2,991 Q1 21 ■Consumer -2.8% 3,017 Q2 21 3,007 Q3 21 Enterprise Other 3,110 Q4 21 Service revenues declined 2.8% (SEK 92m) mainly due to legacy, fixed services Mobile revenues were stable Adj EBITDA Reported currency, in SEK millions, like for like growth 1,146 Q4 20 1,063 Q1 21 -7.5% 1,038 Q2 21 ■Adj EBITDA 1,179 Q3 21 1,042 Q4 21 Lower revenue and higher energy costs more than offset a reduction in OPEX as transformation benefits start to materialize Mobile postpaid subs and ARPU Subscriptions '000, ARPU in EUR 19.3 2,750 Q4 20 18.8 2,747 Q1 21 18.8 2,779 Q2 21 Postpaid ex M2M 18.5 2,786 Q3 21 18.7 2,798 Q4 21 ARPU Continued positive subscriber development ARPU declined due to continued migration of a Public contract 5G subscriber base now at around 180k LO 5

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