Telenor ASA - Board/Management Information 2014

Morten Karlsen Sørby nominated as new CEO of Uninor

Telenor Group today announced that it has nominated

Mr. Morten Karlsen Sørby to become the new Chief

Executive Officer of Uninor, effective immediately.

Morten Karlsen Sørby steps into the role just as

Uninor reached cash flow break even at the end of

2013, on target after only four years of operation.

Morten Karlsen Sørby replaces Sigve Brekke who has

served as interim CEO of Uninor since November 2013.

Mr. Sørby joined Telenor in 1993 and has been a member

of the Group's executive management team since 2003.

He most recently served as Head of Strategy and

Regulatory Affairs in Telenor Group. He was previously

head of the Norwegian and Nordic mobile and fixed

network operations of Telenor. Mr. Sørby holds a

Master of Science in Business Administration and has

additional education from IMD in Switzerland and is a

state-authorized public accountant in Norway.

The nomination of Morten Karlsen Sørby as CEO of

Uninor is subject to regulatory approvals. Sigve

Brekke continues as earlier in his role as Head of

Telenor Group's Asia Operations.

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