Telia Company Results Presentation Deck

EBITDA GROWTH IN TRADITIONAL TELCO 7 EBITDA BRIDGE Q1 2020 - GROUP SEK billion, like for like, adjusted EBITDA -1.4% Q1 19 0.1 Pension refund, Liiga write-down and sold receivables Telco business -0.2 Items Q1 20 affecting (ex. TV comparability & Media) -5.1% -0.3 7.3 TV & Media Q1 20 • The traditional telco business grew EBITDA by 1.7 percent EBITDA BRIDGE Q1 2020 - TV AND MEDIA SEK billion, like for like, adjusted EBITDA 0.3 ● Q1 2019 -0.1 Run-rate into 2020 -0.2 Market and COVID-19 0.0 Q1 2020 • Run-rate into 2020 lower as communicated ● COVID-19 impacting an already slightly weaker advertising market

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