Telia Company Results Presentation Deck

LIIGA CANCELLATION AND FIXED TELEPHONY IMPACTED 16 SERVICE REVENUES & ADJUSTED EBITDA SEK million in reported currency & like for like growth ● 3,273 -1.4% 3,302 Q1 19 Q1 20 Service revenues 1,169 -3.3% = Like for like growth 1,156 Q1 19 EBITDA Q1 20 Mobile subscription revenues grew while fixed telephony continued to burden SEK 40 million negative EBITDA impact from cancellation of the Liiga season MOBILE SUBSCRIPTIONS AND POSTPAID ARPU Total subscription base in 000', postpaid ARPU in local currency 3,400 3,300 3,200 3,100 3,000 2,900 2,800 Subscriptions H Q1 19 Q2 19 Q3 19 Postpaid ARPU = ARPU growth y-o-y Q4 19 +4.5% Q1 20 22 21 20 19 18 17 Mobile subscriber revenue growth driven by ARPU

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