Telia : Exchange offer / Tender offer

NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA OR IN OR INTO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT

Telia Company AB (publ) announces final results of its Tender Offer for its outstanding

EUR 900,000,000 Subordinated Fixed Rate Reset 6 year Non-Call Capital Securities due 2078

20 September 2022. Telia Company AB (publ) (the Issuer) announces today the final results of its invitation to holders of its outstanding EUR 900,000,000 Subordinated Fixed Rate Reset 6 year Non-Call Capital Securities due 2078 (the Securities) to tender their Securities for purchase by the Issuer for cash (such invitation, the Tender Offer).

The Tender Offer was announced on 12 September 2022 and was made on the terms and subject to the conditions contained in the tender offer memorandum dated 12 September 2022 (the Tender Offer Memorandum) prepared by the Issuer. Capitalised terms used in this announcement but not defined have the meaning given to them in the Tender Offer Memorandum.

The Expiration Time for the Tender Offer was 5.00 p.m. (Central European Time) on 19 September 2022.

As at the Expiration Time, the Issuer had received valid tenders of €627,904,000 in aggregate nominal amount of the Securities for purchase pursuant to the Tender Offer.

The Final Acceptance Amount determined by the Issuer is €599,989,000.

The Scaling Factor in relation to the Securities is set out below, together with the Tender Price and Accrued Interest Amount in relation to the Securities:

Description of	Issuer	ISIN	Scaling	Tender Price	Accrued
the Securities			Factor		Interest Amount
EUR	Telia Company	XS1590787799	94.055%	100.625 per cent.	€13.97 per
900,000,000	AB (publ)				€1,000 in
Subordinated					principal amount
Fixed Rate Reset
6 year Non-Call
Capital Securities
due 2078

Settlement of the purchase of the Securities pursuant to the Tender Offer is expected to take place on 21 September 2022.

Barclays Bank Ireland PLC (Telephone: [phone]; Attention: Liability Management Group;

Email: [e-mail]); and BNP Paribas (Telephone: [phone]; Attention: Liability Management

Group; Email: [e-mail]) are acting as Dealer Managers for the Offer.

Kroll Issuer Services Limited (Telephone: [phone]; Attention: David Shilson; Email: [e-mail]) is acting as Tender Agent for the Offer.

DISCLAIMER This announcement must be read in conjunction with the Tender Offer Memorandum. No offer or invitation to acquire any securities is being made pursuant to this announcement. The distribution of this announcement and the Tender Offer Memorandum in certain jurisdictions may be restricted by law. Persons into whose possession this announcement and/or the Tender Offer Memorandum comes are required by each of the Issuer, the Dealer Managers and the Tender Agent to inform themselves about, and to observe, any such restrictions.

0030203-0000136 UKO2: 2005197096.3

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