Telia Company Investor Day Presentation Deck

CLEAR EFFICIENCY AGENDA COST DRIVERS ● 17 Growth initiatives Inflation 8 8 STRUCTURAL COST/CAPEX INITIATIVES ● ● M&A synergies New operating model Digital/IT transformation AROUND 2 PERCENT ANNUAL NET OPEX REDUCTION 2019-2021 CAPEX EFFICIENCES 2019-2022 GENERAL COST REDUCTIONS ● ● ● ● Country programs G&A Operational excellence Commercial excellence Sourcing excellence

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