Investor Presentaiton

Revenue in Line with Expectations Revenue walk EUR million 477.6 14.5 3.6 492.1 (15.1) 480.6 Q1 2018 (reported) FX Q1 2018 (at constant FX) Underlying Periodic and other Q1 2019 Underlying revenue down EUR 15.1 million (or 3.1%) at constant FX compared with the prior year Strong growth in Networks, building on double-digit growth in 2018, with Video performing in line with expectations Investor presentation | May 2019 SES 22 22

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