The Swedish Competition Authority approves Telenor Sverige's acquisition of a controlling stake in Bahnhof

The Swedish Competition Authority has today approved Telenor Sverige's acquisition of a controlling stake in Bahnhof AB (publ). Telenor Sverige also obtained the required foreign direct investment clearance from the Inspectorate of Strategic Products (ISP) on 20 October 2026. Accordingly, all regulatory conditions for completion of Telenor Sverige's acquisitions of shares in Bahnhof from Jon Karlung and Andreas Norman, directly and indirectly through K.N. Telecom AB, and Investment AB Öresund (the "Acquisitions"), have now been satisfied.

Next steps

Telenor will now complete the remaining steps towards completion of the Acquisitions, which comprise 57.5% of the shares and 87.9% of the votes in Bahnhof and is expected shortly.

Following completion, Telenor Sverige will become the controlling shareholder in Bahnhof and will be required to make a mandatory cash offer to the remaining shareholders of Bahnhof. As previously communicated, Telenor Sverige intends to launch the mandatory cash offer at SEK 62 per share as soon as practicable following completion.

For further transaction details, please refer to Telenor's stock exchange announcement of 8 July 2026.

For further information, please contact:

David Fidjeland, Communications Director, mobile +47 934 67 224 Frank Maaø, SVP Capital Markets and Investor Relations, mobile +47 916 74 045

This statement does not constitute or include a public offer under the Stock Market Self-Regulation Committee's Takeover rules for certain trading platforms (Sw. Aktiemarknadens självregleringskommittés Takeover-regler för vissa handelsplattformar).

This information is subject to the disclosure requirements pursuant to section 5-12 of the Securities Trading Act.