Telia Company Results Presentation Deck

STRONG PERFORMANCE IN LED 18 SERVICE REVENUE DEVELOPMENT Like for like growth, external service revenues ● Estonia Q1 19 Lithuania Denmark E Q2 19 Q3 19 Q4 19 +7.3% +6.0% -1.6% Q1 20 Solid performance for both mobile and fixed revenues in Lithuania and Estonia Denmark improved as mobile growth turned neutral ADJUSTED EBITDA DEVELOPMENT SEK million in reported currency & like for like growth ● +5.6% 345 373 Q1 19 Q1 20 Lithuania +4.1% 272 290 Q1 19 Q1 20 Estonia ● = Like for like growth +3.0% 219 231 Growing revenues supported EBITDA in the Baltics ● • Better on revenues and another great quarter on costs in Denmark Q1 19 Q1 20 Denmark +

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