Telia Company Investor Day Presentation Deck

STRONG FINANCIAL DEVELOPMENT SERVICE REVENUE DEVELOPMENT NOK billion, external service revenues 10 86 8 6 4 2 ..... 2015 2016 2017 2018* B2C B2B OPERATOR 2014 B2C and B2B footprint significantly stronger Including reported Get/TDC ● EBITDA DEVELOPMENT NOK billion, adj. EBITDA 5 4 3 2 1 0 2014 2015 2016 2017 2018* EBITDA Strong synergy realization track record. Good organic development CASH FLOW DEVELOPMENT NOK billion, adj. EBITDA-CAPEX excl. licenses 3 2 0 2014 2015 2016 EBITDA-CAPEX 2017 2018* Operational leverage and good CAPEX discipline

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