Telia Company Results Presentation Deck

Cash CAPEX 13 Cash CAPEX by type Reported currency, in SEK billions, excl. licenses and spectrum fees - 5.2 Q4 21 3.0 Q1 22 Mobile NW OUTLOOK 2022 3.7 Q2 22 Fixed NW 3.4 Q3 22 ■ Product & IT 5.3 Q4 22 Other Stable CAPEX level vs. Q4 last year Accelerated investments into network modernization, transformation and security in Q4 Cash CAPEX development Reported currency, in SEK billions, excl. licenses and spectrum fees, R12 16 15 14 13 12 - Q4 21 Q1 22 Q2 22 Q3 22 Cash CAPEX, excluding fees for licenses and spectrum, to be in the range of SEK 14.0-15.0 billion Q4 22 Cash CAPEX for 2022 of SEK 15.4bn or 16.9% of net sales Excluding FX impact 2022 cash CAPEX was SEK 15.0bn 15.4

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