Telia Company Mergers and Acquisitions Presentation Deck

FINANCIALLY ACCRETIVE TRANSACTION 2017 (NOK BILLION) Revenues 9 EBITDA (margin) EBITDA-CAPEX** (cash conversion) 2017 (SEK BILLION)* EPS (SEK) EBITDA-CAPEX** (cash conversion) *FX SEK/NOK 1.03 ** Excluding licenses *** Continuing operations TELIA NORWAY 9.8 3.4 35.0% 2.4 70.1% TELIA COMPANY*** 1.92 10.3 41.0% GET & TDC NORWAY 4.0 1.7 43.4% 0.9 53.1% GET & TDC NORWAY 0.06 1.0 53.1% RUN-RATE SYNERGIES 0.3 0.6 0.7 RUN-RATE SYNERGIES 0.10 0.7 COMBINED 14.1 5.8 40.9% 4.0 70.1% COMBINED 2.07 (+7.9%) 12.0 (+16.2%) 44.4%

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