Telia Company Investor Day Presentation Deck

FINLAND-Q4 2020 SERVICE REVENUES & ADJUSTED EBITDA Like for like growth Excl. Covid-19 impact ● ● ● 0% -1,9% Q4 Q1 Q2 Q3 Q4 19 20 20 20 20 Service revenues -4% -4,9% Q4 Q1 Q2 Q3 Q4 19 20 20 20 20 EBITDA Service revenue development improved sequentially B2B service revenue turned to growth EBITDA declined by SEK 62 million from Lower revenues Weaker equipment margin 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) -16K Q4 19 TV Q1 20 Q2 20 ARPU (y-o-y) -7% Q3 20 -13 Q4 20 +6K (BROADBAND Subs. (q-o-q) ARPU (y-o-y) +3% ARPU (y-o-y) +2% Consumer mobile improving 5G coverage now at 40 percent of population 5G phones represent 40 percent of new handset sales ARPU improvement from 5G migrations Liiga remedies impacting TV subscriptions

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