Telecommunications create new opportunities for future growth Cecilia Edström Senior Vice President and Head of Group Communications

TeliaSonera - in brief Result of a merger of the Swedish incumbent Telia AB and Finnish incumbent Sonera Corporation in December 2002 Head office in Stockholm, Sweden 2008 net sales USD 15.7 billion Approx. 32,200 employees Market capitalization around EUR 16.5* billion or USD 23.5* billion Shares listed on Stockholm and Helsinki stock exchanges Largest shareholders - Swedish state (37.3%) and Finnish state (13.7%) * As of June 1, 2009

Our footprint More than 453 million population Total number of subscriptions almost 137 million –of which ~44 million in the majority-owned operations –and ~93 in the associated companies

Applications Web Browser & search engine Content distribution Hardware Changing competitive dynamics Access Telcos

5 Six focus areas World class service company Quality in networks Cost efficiency Migration from traditional fixed-voice services New B2B sales approach Growth in Eurasia

Different levels of market maturity Source: TeliaSonera (Q32008 Eurasia data. Pre-paid: TeliaSonera customers only) Analysys (Q42007 for Nordic & Baltic. Pre-paid: industry data) Denmark 124% penetration 22% pre-paid 5.5 M population Sweden 115% penetration 46% pre-paid 9 M population Latvia 103% penetration 43% pre-paid 2.3 M population Nepal 14% penetration 99% pre-paid 29 M population Uzbekistan 36% penetration 95% pre-paid 27 M population Kazakhstan 93% penetration 80% pre-paid 15 M population Nordic & Baltic: Growing mobile data traffic (+467% Sept 07-Sept 08) Eurasia: High voice growth Low data traffic

IP – 3G up to 14.4 Mbit/s From 1G to 4G in less than 30 years Voice WAP Data Analogue – NMT Digital – GSM/GPRS from 9.6 kbps 4G 100Mbit/s Mobile access

Access anywhere, anytime Sources: Cisco, 2008 Global IP traffic … will nearly double every two years ( ) Exabytes / month 5 exabyte per month 7 exabyte per month 44 exabyte per month

Data traffic is increasing faster than customers Mobile data traffic and customers TeliaSonera Mobility Services (Nordic and Baltic) Source: TeliaSonera 3,000 1,000 2,000 Data traffic +479% September 2007 December 2008 January 2008 Data subscribers +135% Megabytes (‘ )

Current trends create new opportunities Many people feel unable to cope with day-to-day activities without telecommunications On-line access keeps people up to date People make good use of communication technology in their work People feel they need access to the internet to do a good job Companies think a great part of business travel could be reduced by using modern communications Findings from TeliaSonera Trend report 2009

Strong focus on sustainability Four key areas Bridging the digital divide Meeting the demand for sustainable communication services Becoming a world-class service company Maintaining high ethical standards in all our markets

Bridging the digital divide TeliaSonera helps to bridge the ’digital divide’ by bringing our communications infrastructure and expertise to emerging markets and by providing access through low-cost solutions in all our markets We believe that society is strengthened when all citizens, whatever their backgrounds, can connect to the digital community in a safe way

Highlights 2008 Top rating in Carbon Disclosure Project Leadership Index Total carbon dioxide emissions per subscriber from wholly-owned companies fell by 11% In Sweden , CO 2 emissions reduced by 70% Over 10 years of environmental focus TeliaSonera contributing to global sustainability Responsible use of resources – energy efficiency Utilizing and promoting modern communication services, e.g. telemeetings, videoconferences Educating customers for benefitting from telecom services and improving digital literacy

Government and Business co-operation in digital development Need for national clear ambition and strategic vision –Governmental bodies need detailed knowledge of IT –Cooperation with industry organisations The fundamentals for cooperation –Ongoing dialogue The telecom industry and governmental bodies need to be in continuously contact regarding the rapid ongoing development to seek and catch opportunities –Education and information To be able to provide affordable mobile services with good coverage the telecom industry needs: Frequencies allocated at reasonable terms Long-term frequency strategy to ensure certainty for future investments

Customers -services for daily use -quality of services -easy-to-use services Society -sustainable development -services that increase efficiency -job opportunities Shareholders -take lead in the development of the industry Telecommunications - a healthy and vibrant industry TeliaSonera adds value to