Telia Company Investor Day Presentation Deck

DIFFERENT GROWTH PATTERN EXPECTED 2019 VS. 2018 EBITDA DEVELOPMENT 2016-2018 Adjusted EBITDA, organic growth 14% 10% -2% 6% -6% ● 2% -10% ● ● 55 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 16 16 16 16 17 17 17 17 18 18 18 18 ESTIMATED 2019 EBITDA PATTERN (EXCLUDING IFRS 16) Adjusted EBITDA, organic and reported growth, excluding IFRS 16, illustrative ORGANIC GROWTH PATTERN A Q1 Q2 Q3 Q4 Organic EBITDA growth Q1 2019 expected to be weaker than Q4 2018 Reported development to be significantly positively impacted by Get/TDC Norway Changes in reporting from IFRS 16 not included in the illustrative graph above. REPORTED GROWTH PATTERN Q1 Q2 Q3 Q4

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