Telia Company Investor Day Presentation Deck

OUR PERFORMANCE HISTORICALLY SERVICE REVENUE AND EBITDA DEVELOPMENT SEK billion, external service revenues, adjusted EBITDA ● ● 67 SERVICE REVENUES ADJUSTED EBITDA 32.1 14.5 2016 31.3 13.6 2017 30.8 13.2 2018 EBITDA decline fully driven by service revenues Net OPEX reductions to mitigate product mix effects and inflation 12 5:42 SERVICE REVENUE DEVELOPMENT BY TYPE SEK billion, external service revenues LEGACY* FIBER OTC CORE 5.1 1.2 2016 25.8 4.3 0.7 2017 26.3 3.6 * Includes fixed voice (end-user and wholesale & datacom) 0.6 2018 26.6 Growth in core not enough to mitigate for legacy revenue erosion and lower fiber installation revenues Core revenue growth of around 1 percent CAGR, albeit fading somewhat in 2018.

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