Telia Company Investor Day Presentation Deck

EVEN PLAYING FIELD FACILITATES A STABLE MARKET REVENUE MARKET SHARE DEVELOPMENT Core telco revenues excl. devices and IT services* ● 100% 80% 60% 40% 20% 101 0% ||| 2015 TELIA 2016 ELISA 2017 DNA 2018 * Traficom 2015-2017, Telia Company estimate 2018 OTHER Stable market with relatively equal sized players MARKET CHURN RATES Postpaid churn rates 20% 18% 16% 14% 12% 10% 2015 2016 2017 B2C POSTPAID SUBSCRIPTION DEVELOPMENT Million subscriptions 2018 2015 5.5 2016 5.7 5.9 2017 6.1 2018 6.3 SLIGHTLY CONTRACTING MARKET DUE TO DUAL-SIM 6.5 CHURN COMING DOWN AFTER A PEAK IN 2017 TELIA ELISA DNA

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