Telia Company Results Presentation Deck

IMPROVED REVENUE TREND 15 SERVICE REVENUE DEVELOPMENT In local currency, external service revenues ● ● B2B B2C B2C excl. fiber OTC D Q1 19 Q2 19 B2B Q3 19 B2C +1.2% +0.7% -1.2% Q4 19 Q1 20 Stable trend in B2C and less drag from OTC Q1 Sequential improvement in B2B driven by mobile ADJUSTED EBITDA DEVELOPMENT Like for like growth excl. IFRS 16 impact 2019 ● Q1 19 Q2 19 PENSION REFUND AND EASY COMPARISON ● ● Q3 19 6% 3% Q4 19 • Sweden slightly negative as revenue growth and cost measures were offset by mainly 2.4% -0.7% Growth of 2.4% if adjusting for pension Q1 20 less pension benefit (SEK 100 million) higher resource costs in customer service

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