Telia Company Results Presentation Deck

Multiple growth levers confirmed What we said REVENUE DEVELOPMENT 2021-2023 Low single digit growth 2021-23 Illustrative, excl. Telia Carrier 39 Service revenues 2020 Less burden ahead Legacy and regulation TV to recover faster than roaming and ad revenues COVID-19 recovery Improve ARPU Improve mobile experience incl. 5G monetization Reduce churn and increase upsell potential Convergence Increase share of wallet New revenue streams STRATEGY UPDATE 29 JANUARY 2021 Inspire Connect Transform D Service revenue ambition Less burden from legacy and regulation TV to recover after COVID-19 Mobile experience & 5G to drive ARPU Convergence to reduce churn and increase upsell New revenue streams Where we are now - -8. Inspiring customers Q120 Connecting everyone Service revenue development - Group Like for like growth 2.9% Q4 21 Transforming to digital d Delivering sustainably Revenues returned to growth despite continued legacy headwinds & delayed roaming recovery TV revenues recovered and advertising back at pre-pandemic levels Mobile postpaid ARPU growth in 6 of 7 markets in H2 Churn on converged HH's in line with plan but more work to be done Division X service revenue grew 16%, enabling convergence and sustainability benefits 21

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