Telia Company Investor Day Presentation Deck

SOLID FUNDAMENTALS DELIVERING STRONG FINANCIALS 20 FINANCIAL OVERVIEW SEK billion 7,4 NET SALES EBITA 0.4 2016 7.4 0.4 2017 8.3 1.0 2018 Source: Bonnier Broadcasting Annual Report 2018 FINANCIAL BREAKDOWN SEK billion NET SALES - TV4 - C MORE MTV EBITA - TV4 - C MORE . MTV Note: Excludes other 15.3X EV/EBITA AT ANNOUNCEMENT (EXCLUDING SYNERGIES) 2016 7.4 4.2 1.5 1.8 0.4 0.7 -0.4 -0.1 2017 7.4 4.4 1.6 1.7 0.4 1.0 -0.4 -0.3 2018 8.3 4.7 1.9 1.9 1.0 1.4 -0.1 -0.3 CASH FLOW DEVELOPMENT SEK billion, EBITA assumed to equal EBITDA-CAPEX 0.4 ■ 2016 0.4 2017 9.2X EV/EBITA 2018 (EXCLUDING SYNERGIES) 1.0 2018

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