Telia Company Investor Day Presentation Deck

NORWAY - Q4 2020 SERVICE REVENUES & ADJUSTED EBITDA Like for like growth Excl. Covid-19 impact ● ● ● 0% -2,1% Q4 Q1 Q2 Q3 Q4 19 20 20 20 20 Service revenues 11,6% +14% Q4 Q1 Q2 Q3 Q4 19 20 20 20 20 EBITDA Service revenue development driven by Mobile and B2B Strong EBITDA relative to a weak quarter in 2019 Good progress on integration synergies and cost efficiencies SUBSCRIPTIONS & ARPU DEVELOPMENT Postpaid subscriptions ex. M2M, q-o-q in 000', ARPU based on postpaid mobile subscription revenues ex. M2M and roaming, in local currency HIGHLIGHTS ● ● ● MOBILE Subs. (q-o-q) -2K Q4 19 Q1 20 TV ARPU (y-o-y) -5% Q2 20 Q3 20 -11 Q4 20 ARPU (y-o-y) +4% (BROADBAND Subs. (q-o-q) +8K ARPU (y-o-y) -1% Mobile subscriptions down due to B2B Improved brand consideration post rebranding New mobile portfolio launched with promising early signs 100k subscriptions on premium service Telia X Added 5G coverage to Bergen - clear roadmap ahead

View entire presentation