Telia Company Mergers and Acquisitions Presentation Deck

C MORE IN MORE DETAIL NEW STRATEGY SUCCESSFUL SVOD OUTPACES PAY TV ● ● ● Subscriptions New strategy implemented 2013 2014 2015 2016 2017 Q1 2018 Fastest growing SVOD service in Sweden for three years C More and TV4 in closer co-operation Improved content portfolio management CAGR 2015-18 (%) ● ● 16% Source: Media Vision, PTS ● 1% ■SVOD market Pay TV market SVOD growth driven by customer changing behavior C More to benefit Increased demand for domestic content Improved platform MATERILIAZING ON REVENUES ● ● SEK in billions 2.0 1.5 1.0 0.5 Revenues IIII 2015 2016 2017 R12 Q1 2018 Volume driven growth Synergies from TV4 co-operation and volume growth not fully realized

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