Telia Company Investor Day Presentation Deck

TARGET OF CONTINUED OPEX REDUCTION 2019 53 OPEX REDUCTION TARGET 2019 SEK billion, % of OPEX base, net 24 OPEX BASE ī I I I I I -2% GENERAL OPEX INFLATION 2018 OF 2 PERCENT OPEX REDUCTION 2019E Around 2 percent in OPEX reduction (SEK 0.5 billion) to be driven by ● ● ● ● ● ● (-) New operating model synergies (-) Get/TDC OPEX synergies (-) Robotics and near-shoring (-) G&A and other efficiencies (+) Inflation (+) Service revenue growth initiatives

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