Telia Company Results Presentation Deck

LED-Q4 2020 7 SERVICE REV. & ADJ. EBITDA Like for like growth +1% 8 -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 ויו -2% ● -6.2% Q4 Q1 Q2 Q3 Q4 19 20 20 20 20 Service revenues ooe + 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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