Telia Company Year-end report January-December 2020

Strong cash flow generation  Fourth Quarter Summary · Net sales grew 2.7 percent to SEK 23,464 million (22,838) and like for like[4], net sales declined 1.9 percent. Service revenues grew 4.0 percent to SEK 19,765 million (19,007) and like for like[4], service revenues declined 2.1 percent. Adjusted EBITDA declined 5.5 percent to SEK 7,477 million (7,914) and like for like[4], adjusted EBITDA declined 6.6 percent. · COVID-19 had an estimated negative impact of SEK 400 million and SEK 200 million on service revenues and adjusted EBITDA, respectively. · Operating income