Telia Company Results Presentation Deck

STABLE NET DEBT AND LEVERAGE DEVELOPMENT 20 NET DEBT DEVELOPMENT SEK billion and leverage ratio 2.62x 83.7 Q1 20 -6.3 3.5 Operations Cash CAPEX 3.7 0.6 -1.4 Dividend Closing FX & other adjustment = Leverage ratio (multiple, rolling 12 months including a full 12 months of Bonnier Broadcasting) 2.64x 83.8 Q2 20 ● ● Unchanged net debt despite payment of dividend and final Bonnier Broadcasting payment Exchange rate movements reduced net debt by c. SEK 2 billion Second dividend payment of SEK 3.7 billion due Q4 2020 Turkcell proceeds of c. SEK 5 billion expected in H2 2020

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