NEW T-MOBILE ACCELERATING COMPETITION IN THE

New T-Mobile accelerates competition in the Netherlands 1 2 OUR PROMISES

¡¡ We believe that Dutch consumers deserve better competition in the telecom market. The merger between T-Mobile and will deliver on that. As a strong third player in the market, we can strongly fight the duopoly of KPN and VodafoneZiggo in both mobile and fixed.

¡¡ By merging our networks and customer bases, we can achieve the size and scale required to accelerate competition. We want to end annual price increases from the two dominant players that take more than 80% of the telecom revenue market.

¡¡ We will make access better and faster for more people in the Netherlands. We will drive innovation through healthy competition. Together, T-Mobile Tele2 we will bring unlimited possibilities to our Dutch Netherlands Netherlands customers and entrepreneurs for mobile services, fixed internet and television.

¡¡ Healthy competition equals honest competition and that’s what we will bring to the Dutch telecom market. By joining forces, T-Mobile and Tele2 will create more freedom of choice. And unlimited access to the opportunities of now. For everyone.

New T-Mobile

New T-Mobile accelerates competition in the Netherlands 3 ¡¡ We will deliver on five promises to Dutch consumers once the merger is approved. With these promises we show the tangible benefits and opportunities that this merger brings to the Netherlands.

We will be the first to launch nationwide

We will commit to rolling out fiber and not to increase prices beyond inflation for fixed

We will continue to offer Tele2's Unlimited Data for maximum €25, for at least 3 years

We will offer customers contract freedom

We will make 100 Mbit/s broadband speeds available nationwide to all bridging the digital divide in the Netherlands

4 New T-Mobile accelerates competition in the Netherlands PROMISE #1 NEW T-MOBILE WILL BE THE FIRST TO LAUNCH NATIONWIDE 5G

¡¡ The merger between T-Mobile and Tele2 (“New T-Mobile”) will help drive the high quality connectivity that the Dutch government strives for¹. With this promise we ensure that the Netherlands retains its position as a digital front-runner.

¡¡ By combining the infrastructure of both companies, we can bring our customers a nationwide, world-class 5G Network by 2020². New T-Mobile will be the first to bring 5G to the Netherlands, and will do so at least two years sooner than what T-Mobile could achieve on its own.

¡¡ Mobile remains our first love. We already have the best tested and fastest network in the Netherlands and we plan to keep it that way.

is sperior to eistin celllar networ technoloies ¡¡ In order to drive further innovation of the Internet of nprecedented will handle onnections 100 100 more devices Things, we will offer access to Narrow Band Internet of Things (NB IoT) for until at least 2025. This

nmatched will reach peak will allow Dutch businesses to speed up with the peed theoretical speeds 100 o 10 bps roll-out of NB IoT services.

roected reductions traordinar in latenc rom ¡¡ It will create huge benefits for customers and esponse Time 10 10-20 ms toda T businesses (large and small), we also advance the Digital Agenda. And we create the infrastructure for new technology and future innovations.

1 Nr. 547 Letter of Secretary of Economic Affairs Business and Climate, 2 July 2018. 2 90% in 2020 and 100% end of 2023.

New T-Mobile accelerates competition in the Netherlands 5 ...Offering limitless potential to new innovations ¡¡ How does 5G accelerate innovation in the Netherlands?: Smart logistics Monitoring supply chains in realtime. – "Enhanced Mobile Broadband" With 5G we make fast mobile internet Smart Retail available everywhere; Generating customer insights based on behavioural data. – “Massive Machine Type Communication” Many IoT applications enable millions of Equipment Monitoring devices to “talk” to each other; Optimal maintenance of machines. – “Ultra Reliable and Low Latency

Smart City Communications” Intelligent management of lighting and waste Secure applications of virtual and augmented containers. reality, self-driving cars and remote healthcare Smart Parking applications become a reality. Navigates drivers to the next vacant parking spot.

Smart Healthcare Remote patient monitoring tracking of How will New T-Mobile fulfill this promise? assets constrains.

AND MANY MORE... ¡¡ Combining Tele2's and T-Mobile's networks will ensure sizeable savings. This will be used to fund investments which would be impossible without the

oll-ot plan merger. Together with our partners, we will develop new and highly innovative equipment that will support 5G as soon as it becomes available. Thus, New T-Mobile can activate 5G after completion of

ipment prade the auction, with the flick of a switch. pectrm action ¡¡ Without the merger, we will not roll out 5G

T-Mobile onl T-Mobile Nationwide lanch equipment until after the frequency auction (expected in Q1 2020). Therefore, the merger gives pectrm action us the chance to provide the benefits of 5G to Dutch ccelerated consumers at least two years earlier. eipment prade New T-Mobile New Nationwide lanch ¡¡ New T-Mobile will also offer advanced 5G service for businesses. Both small shops around the corner as well as large multinationals will benefit from these services. Tele2’s experience in delivering fixed

mlatie o sites praded in services to business customers also provides an opportunity for New T-Mobile to become a 100 100 100 100 competitive and important player in the 5G market. 0 0 ¡¡ As a result of the merger, business customers will finally have more choice. They will have unlimited 0 0 access to new products and services such as 5G and NB IoT. T-Mobile onl ew T-Mobile

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6 New T-Mobile accelerates competition in the Netherlands PROMISE #2 WE COMMIT TO ROLLING OUT FIBER AND NOT TO INCREASE PRICES BEYOND INFLATION FOR FIXED INTERNET ACCESS

¡¡ Due to the lack of competition in the Dutch telecom market, prices for fixed internet increase every year.

¡¡ Our promise to roll out fiber creates more freedom of choice for consumers. It ensures high-quality internet connectivity and stimulates competition. Together with our partners, we will roll out fiber and ensure access to super-fast fiber optic speeds to at least 2 million homes and businesses.

¡¡ We promise not to increase fixed internet prices above inflation for at least three years after the merger. This will protect Dutch consumers from the significant annual price increases of KPN and VodafoneZiggo.

¡¡ We will pass on future reductions in wholesale access costs imposed by the regulator to the customers.

How will New T-Mobile fulfill this promise?

ied siness ase ustomer paback ears ¡¡ The government's Digital Action Plan acknowledges that telecom providers must invest significantly in oss-main on a standalone basis order to meet the increasing need for digital connectivity. The capacity of fixed networks will be increased due to growing fiber deployment, among other things³. This promise delivers on - this ambition.

¡¡ We will invest in fiber as a result of the scale benefits created by the merger. This leads to an afficient and a truly competitive market⁴.

T-Mobile onl New T-Mobile

3 Digital Connectivity Action Plan Ministry of Economic Affairs and Climate. 4 Letter from the State Secretary of Economic Affairs and Climate, July 2th 2018.

New T-Mobile accelerates competition in the Netherlands 7 PROMISE #3 WE CONTINUE TO OFFER TELE2'S UNLIMITED DATA FOR MAXIMUM €25, FOR 3 YEARS

¡¡ We know Dutch consumers love unlimited data. Also, faster internet speed is becoming increasingly important.

¡¡ For at least 3 years after the merger, we will continue to offer the Tele2 unlimited mobile data plan for a maximum of €25 per month.

¡¡ New T-Mobile will continue to provide affordable unlimited data for everyone.

How will New T-Mobile fulfill this promise?

¡¡ After the merger, we will have the most dense enser networ o mobile sites llustrative well-structured network in the Netherlands. As the network scale increases, the cost of delivering each gigabyte will be lower.

¡¡ There will be a noticeable increase in the quality of our network, particularly in rural areas and indoors, with the combined power of the T-Mobile's and Tele2's networks.

Tele T-Mobile New odaone ¡¡ More and more customers will be able to enjoy the T-Mobile io best-tested mobile network for competitive prices, giving them more to choose from than just KPN and VodafoneZiggo. Competition is on!

Low Prices, Best Value Unlimited Data Revolution Maintained network Created the Data Revolution leadership with unlimited unleashing mobile experiences data at lower prices. for customers.

8 New T-Mobile accelerates competition in the Netherlands PROMISEPROMISE #4#4 WEWE OFFEROFFER CUSTOMERSCUSTOMERS CONTRACT FREEDOM

¡ WeMore will and offer more more Dutch freedom consumers to customers are being by offering locked theinto fl intransparantexibility to change fixed their and fi xedmobile or mobilecontracts subscriptiondesigned to makeon a monthly it difficult basis. to switch, as discounts disappear once one of the contract is terminated. Escaping this golden cage is difficult, since consumers do not have contract freedom.

¡ We will offer more freedom to customers by offering the flexibility to change their fixed or mobile subscription on a monthly basis.

How will New T-MobileT-Mobile fulfifulfill ll this this promise? promise?

¡ Contract freedom meansmeans customerscustomers cancan easilyeasily switch if they areare notnot satisfisatisfied ed with with a aproduct, product, price or service. ThisThis forcesforces usus toto keepkeep deliveringdelivering high quality of serviceservice atat aa competitivecompetitive price.price. We accept the challenge.challenge.

¡ The scale benefibenefits ts we we get get from from the the merger merger enables enables us to take on aa strongstrong marketmarket approachapproach andand promisepromise contractual freedom.

ContactContact freedomfreedom OfferOffer consumersconsumers atat least oneone "no"no lock-inlock-in option"option" onon fixedfi xed andand mobile.mobile.

New T-Mobile accelerates competition in the Netherlands 9 New T-Mobile accelerates competition in the Netherlands 9 PROMISE #5 WE WILL MAKE 100 MBIT⁄S BROADBAND SPEEDS AVAILABLE TO ALL BRIDGING THE DIGITAL DIVIDE IN THE NETHERLANDS

¡¡ We will help to bridge the digital divide by offering faster broadband across the country. It’s hard to believe that there are still many Dutch homes and companies with very low speed internet or no internet connection at all.

¡¡ For these consumers and businesses, a mobile alternative is the quickest and most efficient way to gain access to fast broadband. Among other things, we will deliver this solution.

¡¡ By making use of both mobile and fixed technologies, we will make 100 Mbit/s broadband speeds available from 2020 onwards for all consumers and companies.

¡¡ Faster Internet access throughout the country is an important goal in realising the ambitions set in The Digital Agenda. The government acknowledges the challenge to ensure that in 2023, everyone will have access to a 100 Mbit/s connection⁵. We can help move the Netherlands forward, faster.

How will New T-Mobile fulfill this promise?

¡¡ By expanding the T-Mobile network with Tele2 sites and combining these networks, we can offer mobile solutions for consumers who live or work in rural areas. This will resolve these so called white spots.

¡¡ We will also further invest in our mobile network which will give more homes and businesses in rural areas better connectivity.

5 Nr. 547 Letter of Secretary of Economic Affairs Business and Climate, 2 July 2018.

10 New T-Mobile accelerates competition in the Netherlands

12 New T-Mobile accelerates competition in the Netherlands