During the period November 25, 2019, until November 29, 2019, Telia Company
AB
(publ) (LEI code 213800FSR9RNDUOTXO25) has repurchased in total 2,756,522
own
shares (ISIN: SE0000667925).

The share buy-backs form part of the SEK 5
billion share buy-back program that
Telia Company announced on April 16, 2019.
The share buy-back program, which
runs between April 16, 2019, and February 28,
2020, 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 November 25, 2019, until
November 29, 2019, 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)
November
25,
2019              550,000              41.8496         23,017,280
November
26,
2019              551,176              41.5975         22,927,544
November
27,
2019              554,000              41.9443         23,237,142
November
28,
2019              545,000              41.7254         22,740,343
November
29,
2019              556,346              41.5916         23,139,320

All
acquisitions have been carried out on Nasdaq Stockholm Stock Exchange
by
Goldman Sachs International, England on behalf of Telia Company. Following
the
above acquisitions, Telia Company’s holding of own shares amounts to
86,677,071
shares as of November 29, 2019. The total number of shares in Telia
Company is
4,209,540,375.

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 current
share buy-back program from April 16, 2019,
until and including November 29,
2019, amounts to 86,677,071 shares. In total a
maximum of 420,954,037 shares may
be repurchased. For information about all
transactions in the buy-back program
see the following link to Nasdaq
Stockholm's
     website:
http://www.nasdaqomx.com/transactions/markets/nordic/corporate
-actions
     /stockholm/repurchases-of-own-shares

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

Media

Ralf Bagner, Press Officer
Tel:
+46(0)70 338 72 48
ralf.bagner@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 December 2,
2019.

For more information, please contact our press office +46 771 77 58 30,
visit
our Newsroom (http://www.teliacompany.com/sv/nyhetsrum/) or follow us on
Twitter
@Teliacompany (https://twitter.com/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