Telia Company Investor Day Presentation Deck

NOK 0.6 BILLION IN NET COST REDUCTION TARGETED 600 400 200 ● NET COST REDUCTION NOK million, compared to 2018 ● ● 96 150 2019 350 2020 450 2021 600 2022 Accumulated cost savings of NOK 0.6 billion by 2022 Around 50 percent of cost reduction from Get/TDC synergies Additional saving potential on network COGS and properties ● ● NET COST SAVINGS BY TYPE In %, total net cost savings CUSTOMER OPERATIONS SALES AND MARKETING COST ■IT OPERATIONS NETWORK OPERATIONS G&A Significant synergies and efficiencies within sales and marketing and customer acquisition Continued digitalization and automation improve efficiency Leverage group scale

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