TRADE BY PRIMARY INSIDERS

Jon Omund Revhang and Rita Skjærvik, Executive Vice Presidents and primary insiders of Telenor ASA, have acquired 330 and 650 shares at NOK 152.30 and NOK 151.10 per share, respectively. Updated shareholdings after the transaction are 25,651 and 25,781 shares, respectively.

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.