Telia Company

Transaction in Own Shares • Feb 17, 2020

Press Release February 17, 2020

Share buy-backs in Telia Company during week 7 2020

During the period February 10, 2020 until February 14, 2020, Telia Company AB (publ) (LEI code 213800FSR9RNDUOTXO25) has repurchased in total 2,500,000 own shares (ISIN: SE0000667925). The share buy-backs form part of the SEK 5 billion share buy-back program that Telia Company announced on April 16, 2019. The share buy-back program, which runs between April 16, 2019, and February 21, 2020, is being carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and the Commission Delegated Regulation (EU) No 2016/1052 (the "Safe Harbour Regulation").

During the period February 10, 2020 until February 14, 2020, shares in Telia Company have been repurchased as follows.

Date	Aggregated daily volume (number of shares)	Weighted average share price per day (SEK)	Total daily transaction value (SEK)
February 10, 2020	600,000	40.9881	24,592,860
February 11, 2020	200,000	40.7679	8,153,580
February 12, 2020	500,000	41.1576	20,578,800
February 13, 2020	500,000	40.8805	20,440,250
February 14, 2020	700,000	41.3091	28,916,370

All acquisitions have been carried out on Nasdaq Stockholm Stock Exchange by Goldman Sachs International, England on behalf of Telia Company. Following the above acquisitions, Telia Company's holding of own shares amounts to 117,279,446 shares as of February 14, 2020. The total number of shares in Telia Company is 4,209,540,375.

A full breakdown of the transactions pursuant to article 5.3 of MAR and article 2.3 of the Safe Harbour Regulation is attached to this announcement. The total volume of Telia Company shares which have been bought back within the current share buy-back program from April 16, 2019 until and including February 14, 2020, amounts to 117,279,446 shares. In total a maximum of 420,954,037 shares may be repurchased. For information about all transactions in the buy-back program see the following link to Nasdaq Stockholm's website:

http://www.nasdaqomx.com/transactions/markets/nordic/corporate-actions/stockholm/repurchases-of-own-shares

For any queries about the buy-back program, please contact:

Investors

Andreas Joelsson, Head of Investor Relations Tel: +46(0)70 863 33 27 andreas.joelsson@teliacompany.com

Media

We're Telia Company, the New Generation Telco. Our approximately 21,000 talented colleagues serve millions of customers every day in one of the world's most connected regions. With a strong connectivity base, we're the hub in the digital ecosystem, empowering people, companies and societies to stay in touch with everything that matters 24/7/365 on their terms. Headquartered in Stockholm, the heart of innovation and technology, we're set to change the industry and bring the world even closer for our customers. Read more at www.teliacompany.com

Ralf Bagner, Press Officer Tel: +46(0)70 338 72 48 ralf.bagner@teliacompany.com

This information is information that Telia Company AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 07:30 CET on February 17, 2020.

For more information, please contact our press office +46 771 77 58 30, visit our Newsroom or follow us on Twitter @Teliacompany.

We're Telia Company, the New Generation Telco. Our approximately 21,000 talented colleagues serve millions of customers every day in one of the world's most connected regions. With a strong connectivity base, we're the hub in the digital ecosystem, empowering people, companies and societies to stay in touch with everything that matters 24/7/365 on their terms. Headquartered in Stockholm, the heart of innovation and technology, we're set to change the industry and bring the world even closer for our customers. Read more at www.teliacompany.com