Buyback of shares related to employee share programmes and executive compensation completed

As announced in the stock exchange release on 21 May 2026, Telenor entered into an agreement with DNB Carnegie, a part of DNB Bank ASA (“DNB Carnegie”), to conduct buyback of Telenor shares to be used in the company’s share programmes for employees in Telenor Group and executive compensation element in 2026.

DNB Carnegie was mandated to acquire shares for up to NOK 55.000.000 between 26 and 29 May 2026.

The share purchase has now been executed.

Date / aggregated daily volume (number of shares) / VWAP (NOK) / Transaction value (NOK) 26 May 2026 / 87 500 / 154.544 / 13 522 600.00 27 May 2026 / 87 500 / 152.805 / 13 370 455.00 28 May 2026 / 87 500 / 152.997 / 13 387 237.50 29 May 2026 / 96 384 / 152.719 / 14 719 658.46

Total / 358 884 / 153.253 / 54 999 950.96

Investor contact: Frank Maaø (+47 916 74 045)