Telia Company Investor Day Presentation Deck

COST EFFICIENCIES OPEX DEVELOPMENT EUR in million, % of net sales 600 550 500 450 400 350 300 108 2015 TELIA 2016 M&A 2017 2018 -OPEX/NET SALES 38% 37% 36% 35% 34% 33% 32% 31% 30% IT EFFICIENCY SOURCING GENERAL EFFICIENCIES NEW OPERATING MODEL ● ● ● IT core systems renewal and simplification Supplier optimization and cross-border synergies Robotics automation Contractors streamlined and selective insourcing Ongoing organizational and process optimization Shared network with DNA in northern Finland Finland to be enrolled 2019

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