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 19,400,000 between 9 and 13 November 2026.

The share purchase has now been executed.

Date / aggregated daily volume (number of shares) / VWAP (NOK) / Transaction value (NOK) 9 November 2026 / 72,000 / 134.731 / 9,700,617.60 10 November 2026 / 71,522 / 135.611 / 9,699,155.64

Total / 143,522 / 135.170 / 19,399,773.24

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

This information is subject to disclosure obligations pursuant to the EU Market Regulation, cf. section 3-1 in the Norwegian Securities Trading Act, and section 5-12 of the Norwegian Securities Trading Act.