Telia Company Results Presentation Deck

PROPOSING A 3.8 PERCENT DIVIDEND INCREASE 10 PROPOSED DIVIDEND EQUALS AN AMOUNT OF SEK 10.0 BILLION VS. SEK 9.8 BILLION 2018 2.00 2016 2.30 2017 2.36 2018 +3.8% 2.45 2019 (PROPOSED) DIVIDEND BASE AND PAY-OUT RATIOS SEK billion and pay-out ratios SEK 12.9 BILLION REPORTED 2019 SEK 12.5 BILLION ADJUSTED FOR PENSION REFUND* 115% 7.5 2016 80% 12.4 2017 84% Adjusted for SEK 0.4 billion pension refund in Q4 2019 11.7 80% 12.5 2018 Dividend from associated companies Operational free cash flow (2019 adjusted for pension*) 2019 0.4 12.2*

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