Telia Company Mergers and Acquisitions Presentation Deck

ENDING TURKEY EXPOSURE THROUGH DIVESTING STAKE IN TURKCELL HOLDING 1 ● ● SIMPLIFIES NORDIC BALTIC STRATEGY Stake on Turkcell Holding last piece of the puzzle Simplifies Telia Company's footprint 2 ● ● INVESTMENT GENERATED RETURN TO SHAREHOLDERS Total net cash flow SEK 15 billion, incl. taxes Roughly 5 percent annual return 3 REDUCED RISK • Ends all disputes Reduced geographical risk 4 • USD 530 million in added liquidity at approval No TRY risk and no tax Net debt to EBITDA reduced by 0.16x ● LIQUIDITY AND LOWER LEVERAGE ●

View entire presentation