Telia Company

Transaction in Own Shares • May 14, 2018

Press Release May 14, 2018

Share buy-backs in Telia Company during week 19 2018

During the period May 7, 2018 – May 11, 2018, Telia Company AB (publ) (LEI code 213800FSR9RNDUOTXO25) has repurchased in total 1 710 000 own shares (ISIN: SE0000667925). The share buy-backs form part of the SEK 5 billion share buy-back programme that Telia Company announced on April 20, 2018. The share buy-back programme, which runs between April 23, 2018 and March 22, 2019, 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 May 7, 2018 – May 11, 2018, shares in Telia Company have been repurchased as follows.

Date	Aggregated daily	Weighted average	Total daily
	volume (number of	share price per day	transaction value
	shares)	(SEK)	(SEK)
May 07 2018	250 000	43,1834	10 795 850
May 08 2018	500 000	43,5371	21 768 550
May 09 2018	250 000	43,5802	10 895 050
May 10 2018	0
May 11 2018	710 000	43,5229	30 901 259

All acquisitions have been carried out on Nasdaq Stockholm by Danske Bank A/S, Danmark, Sverige Filial on behalf of Telia Company. Following the above acquisitions, Telia Company's holding of own shares amounts to 6 972 515 shares as of May 11, 2018 including shares to cover commitments under the "Long Term Incentive Program 2015/2018. The total number of shares in Telia Company is 4 330 084 781.

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 share buy-back programme from April 23, 2018 until and including May 11, 2018 amounts to 6 860 000 shares. In total a maximum of 433 008 478 shares may be repurchased. For information about all transactions in the buy-back programme see the following link to Nasdaq Stockholm's website: http://www.nasdaqomx.com/transactions/markets/nordic/corporate-actions/stockholm/repurchasesof-own-shares]

CORRECTION: In our press release dated April 30, 2018 , the weighted average price for April 27, 2018 should correctly have been reported as 43.1660 and total daily transaction value as SEK 12 949 800.

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

We're Telia Company, the New Generation Telco. Our approximately 20,000 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.

Media

Tel: +46(0)70 338 72 48 +46(0)73 086 47 14

Ralf Bagner, Press Officer Johanna Hansson Press Officer ralf.bagner@teliacompany.com johanna.z.hansson@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 7.30 CET on May 14, 2018.

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 20,000 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.