Telia Company Investor Day Presentation Deck

CASH FLOW SYNERGIES INCREASED TO NOK 800 MILLION GET/TDC NORWAY CASH FLOW SYNERGIES NOK million, excl. working capital 800 600 400 200 89 SEK 200 MILLION ONE-OFF WORKING CAPITAL SYNERGIES ON TOP 2019-2020 200 2019 475 2020 650 2021 800 2022 Total cash flow synergies increased from NOK 700 million to NOK 800 million ● ● SYNERGY DISTRIBUTION BY 2022 NOK million 150 350 300 SOLID PLAN TO DELIVER NOK 800 MILLION IN SYNERGIES REVENUES COST CAPEX Revenue synergies from convergence Further upsides identified beyond 2022 Leverage group scale

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