Telia Company Results Presentation Deck

SWEDEN B2C MOBILE BACK TO GROWTH 7 POSTPAID ARPU - B2C Postpaid ARPU B2C excluding VAS +4% ● +2% Q4 18 Subscription IDD* Top-ups Other fees • ARPU growth due to rise in subscription fees Top-ups headwind faded, pressure from IDD* remained * EU international direct dialing regulation, introduced May 2019 Q4 19 MOBILE SUBSCRIPTION REVENUES - B2C Like for like growth 3% 2% 1% 0% -1% -2% -3% Q4 18 Q1 19 Q2 19 Q3 19 2.0% • Stable churn despite price adjustments ● Q4 19 • Mobile subscription revenues back into positive due to increase in postpaid subscriptions and ARPU growth

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