Telia Company Mergers and Acquisitions Presentation Deck

STRONG STRATEGIC & FINANCIAL RATIONALE STRATEGIC SWEET-SPOT ● ● ● Capital allocation to attractive Norway Convergence B2C - "hub to what matters" Convergence B2B- "digitalization partner of choice" Proven track record and value creation from M&A • Connecting 1.8 million Norwegians ● ● BEST IN CLASS STAND ALONE OPERATION ● More than 0.5 million paying users with high loyalty Superior high speed hybrid/coax-fiber network Strong operational track record Respected management and employees ● FINANCIALLY ACCRETIVE Highly synergetic transaction NOK 0.6 billion on EBITDA ● ● NOK 0.7 billion on EBITDA less CAPEX Proven track record to realize synergy potential Accretive to EPS (+3%) and cash flow (+9%) on a stand alone basis

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