The transaction, first announced on April 25, 2023 (https://www.teliacompany.com/en/press-releases/6242A3136136B4B4), is in line with Telia's strategy of focusing on markets in which there is a clear path to securing and defending leading positions.

Patrik Hofbauer, President and CEO of Telia Company, says: "The sale of our Danish business marks a significant milestone for Telia and I would like to thank everyone at both Telia and Norlys who worked for many months to make this successful divestment possible. Telia will continue to support Norlys to ensure a smooth transition for our former customers in Denmark, who will benefit from gaining access to a broader set of products and services from Denmark's largest integrated energy and telecommunications group."

NOTES TO EDITORS

For more information, contact Telia Company's press office on +46 (0)771 77 58 30 (http://tel:+46771775830), visit our newsroom (https://www.teliacompany.com/en/newsroom) and follow us on LinkedIn (https://www.linkedin.com/company/teliacompany) and X (https://twitter.com/i/flow/login?redirect_after_login=%2FTeliacompany). To download our logo, high-resolution images of Telia leaders, offices and solutions or B-roll footage for editorial use, visit our media bank (https://www.teliacompany.com/en/category/media-bank).

ABOUT TELIA

Telia Company (STO: TELIA) is a Nordic and Baltic telecommunications leader and Nordic media house, serving consumers, businesses and public sector customers with essential digital infrastructure, ICT services and entertainment. Our 18,000 talented colleagues serve millions of customers every day in one of the world's most connected regions. We're the hub in the digital ecosystem, providing 25 million mobile, broadband and TV subscriptions that empower people, companies and societies to stay in touch with everything that matters 24/7/365. Learn more at www.teliacompany.com