Telia Company Investor Day Presentation Deck

LED-Q4 2020 8 SERVICE REV. & ADJ. EBITDA Like for like growth +1% ● -0,6% Q4 Q1 Q2 Q3 Q4 19 20 20 20 20 Service revenues Excl. Covid-19 impact 1,1% +5% Q4 Q1 Q2 Q3 Q4 19 20 20 20 20 EBITDA EBITDA growth from good revenue mix development with mobile growing 5% and a continued decline in low margin fixed transit revenues SERVICE REV. & ADJ. EBITDA Like for like growth +3% ● -0,4% Q4 Q1 Q2 Q3 Q4 19 20 20 20 20 Service revenues Excl. Covid-19 impact 4,1% +7% Q4 Q1 Q2 Q3 Q4 19 20 20 20 20 EBITDA HIGHLIGHTS Mobile revenue pressure from roaming was offset by a solid development across most segments and continued good cost control SERVICE REV. & ADJ. EBITDA Like for like growth -2% -6,2% 09e + Q4 Q1 Q2 Q3 Q4 19 20 20 20 20 Service revenues Excl. Covid-19 impact +7% -5,4% Q4 Q1 Q2 Q3 Q4 19 20 20 20 20 EBITDA Revenue development impacted by COVID and a more focused portfolio. Good cost control limited the impact on EBITDA

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