Telia Company Results Presentation Deck

FINLAND - STRONG COST CONTROL 13 SERVICE REVENUES & ADJUSTED EBITDA Like for like growth ● -4.1% Q2 Q3 Q4 Q1 Q2 19 19 19 20 20 Service revenues T 4.3% Q2 Q3 Q4 Q1 Q2 19 19 19 20 20 EBITDA Revenues fell largely driven by mobile and TV Cost control drove EBITDA growth SUBSCRIPTIONS & ARPU DEVELOPMENT Subscription growth q-o-q in 000', subscription rev. ARPU ex M2M in local currency 2 ARPU (y-o-y) 0.0% ● ● · Q2 19 Subs. (q-o-q) -15K Q3 19 TV Q4 19 ARPU (y-o-y) -27% Q1 20 Q2 20 Subs. (q-o-q) -6K ((( ARPU (y-o-y) -5% Growth in mobile subs driven by B2B segment Liiga playoff cancelation impacted TV adversely

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