Telia Company Results Presentation Deck

SERVICE REVENUES AND EBITDA - Q4 2020 SERVICE REVENUE BRIDGE Q4 2020 Like for like ● ● -2.1% Excluding COVID-19 impact Q4 19 Mobile Broadband TV Other COVID- Q4 20 19 Stable revenue development excluding COVID-19 Lower roaming and advertising revenues still the main effects from COVID-19 EBITDA BRIDGE Q4 2020 Like for like, excluding adjustment items Q4 19 ● -6.6% ● Underlying COVID-19 Pension Excl. COVID-19 EBITDA declined 4% mainly due to: Lack of pension refund, higher resource costs and legacy pressure in Sweden Lower EBITDA in TV and Media Q4 20

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