Telia Company Results Presentation Deck

● ● ● TV & MEDIA FUNDAMENTALS ARE MIXED 48.3% I I FREE-TO-AIR 48.4% Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 Swedish linear CSOV*, ages 15-64 Sweden linear stable Sweden digital CSOV +12 p.p. to 70% Finland linear stable at 41% 9 *CSOV= Commercial Share of Viewing ● 800 600 400 200 0 C MORE C More OTT subscriber base (direct) ● Sequential reduction due to ● Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 593K Postponed/cancelled sport Conflict effects 4% 0% -4% -8% -12% ● ● IPTV -10.2% Q2 Q3 Q4 Q1 Q2 19 19 19 20 20 Service revenues, like for like ex. IPTV Sport adjustments (%) -0.4% Ex. COVID-19 Q2 20 Premium sports severely impacted Q2 Premium sports prices now reinstated

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