Telia Company Results Presentation Deck

CASH FLOW AND EBITDA GROWTH FROM LOWER COST N OPERATIONAL FREE CASH FLOW WE SAID 12-12.5BN 12.6BN* WE DID WE SAID GROUP OPEX REDUCTION ~2% SEK12.2bn adjusted for Q4 pension refund WE DID ~2% Q1 EBITDA DEVELOPMENT WE SAID Q2 Q3 WE SAID Q4 ~3% WE DID SWEDEN OPEX REDUCTION Q1 19 Q2 19 Q3 19 WE DID 4% Q4 19 ~4%* *3% adjusted for pension refund Q4

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