Telenor ASA — Board/Management Information 2015

Dec 16, 2015

Gunn Wærsted proposed as new Chair of the Board of Telenor ASA

Gunn Wærsted proposed as new Chair of the Board of Telenor ASA

The Nomination Committee of Telenor ASA proposes Ms. Gunn

Wærsted as the new Chair of the Board of Directors of

Telenor ASA.

Gunn Wærsted (born in 1955) is Executive Vice President and

member of the Group Executive Management in Nordea Bank and

Country Senior Executive in Nordea Bank Norway. During her

career, she has held a number of senior executive positions

within banking and insurance. Among these are positions as

CEO of SpareBank 1 Gruppen and the SpareBank 1 Alliansen,

Group Executive Vice President of DNB and CEO of Vital

Forsikring.

Wærsted is Chair of the Board of Petoro and has previously

been a board member of Statoil, Statkraft and Ferd Holding.

Wærsted holds a Master of Business and Administration from

BI Norwegian Business School. Ms. Wærsted is a Norwegian

citizen.

Telenor's Corporate Assembly is responsible for the election

of the Chair of Telenor's Board of Directors. The Corporate

Assembly will consider this proposal in its meeting on 17

December 2015.