Telia Company

Transaction in Own Shares • May 7, 2018

Press Release May 7, 2018

Share buy-backs in Telia Company during week 18 2018

During the period April 30, 2018 – May 4, 2018, 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 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 April 30, 2018 – May 4, 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)
April 30 2018	475 000	43,2599	20 548 453
May 1 2018	0	0	0
May 2 2018	275 000	43,1099	11 855 223
May 3 2018	1 000 000	42,9505	42 950 500
May 4 2018	750 000	42,7391	32 054 325

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 Companys holding of own shares amounts to 5 595 891 shares as of May 4 2018 including the 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 4, 2018, amounts to 5 150 000 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

As announced on April 27, 2018, the Board of Directors of Telia Company has also resolved on a share buyback programme to cover commitments under the "Long Term Incentive Program 2015/2018" approved by the Annual General Meeting 2015. Transactions carried out as part of that share buy-back programme during week 18 have been disclosed separately.

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

Investors

Andreas Joelsson, Head of Investor Relations Tel: +46(0)70 863 33 27

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.

andreas.joelsson@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 07.30 CET on May 7, 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.