Telenor ASA — Board/Management Information 2015

Oct 12, 2015

Telenor Group announces changes to its Executive Management team

Telenor Group announces changes to its Executive Management team

Telenor Group has today made changes to the structure of its

Executive Management team. All 13 markets will be

represented to ensure faster execution of the Group strategy

and a closer connection to the customers.

In addition, the functions Markets and Technology have been

established to improve and develop customer experiences, and

to secure that networks and IT systems are ready for future

demands. The initiatives and partnerships in the digital

arena will be gathered in a dedicated digital business area

to better explore positions in new adjacent businesses.

"Telenor provides internet to almost 200 million subscribers

and new customer needs are emerging. By more directly

involving the business unit CEOs in delivering on the global

strategy and priorities, we increase our ability to execute

and create value," said Sigve Brekke, President and CEO of

Telenor Group.

"Telenor stands to capture solid opportunities, as the world

evolves to view connectivity as a basic necessity. We must

continue our work in enabling that connectivity for all, but

we also need to explore new ways to sustain growth, capture

customers' attention and create value for them in their

digital life," added Brekke.

The new Executive Management team reflects the Group's

international footprint with nine members in the new team

being non-Norwegians.

Telenor Group has appointed Ms Ruza Sabanovic as Executive

Vice President (EVP) and Chief Technology Officer, Mr Vivek

Sood as EVP and Chief Marketing Officer, Ms Wenche Agerup as

EVP and Chief Corporate Affairs Officer and Mr Jon Gravråk

as EVP and Chief Digital Officer. Mr Richard Aa and Mr Jon

Erik Haug will continue in their current positions as Chief

Financial Officer and Chief People Officer respectively.

Mr Pål Wien Espen will take the position as the EVP and Head

of Partner Relations Asia, while Mr Morten Karlsen, EVP,

will be responsible for Telenor's ownership in VimpelCom Ltd

and to drive selected strategic projects. The Chief

Marketing Officer, the Chief Digital Officer and the Head of

Partner Relations Asia will be based in Asia.

Mr Sharad Mehrotra has been appointed CEO of Telenor India.

Mehrotra comes from the position as Chief Marketing Officer

of Telenor Myanmar, and was part of the Telenor India

management team for more than four years from 2008.

Full list of the members of Telenor Group Executive

Management

* Sigve Brekke, President and CEO

* Richard Aa, EVP and Chief Financial Officer

* Wenche Agerup, EVP and Chief Corporate Affairs Officer

(effective 1 December 2015)

* Pål Wien Espen, EVP and Head of Partner Relations Asia

(effective 1 December 2015)

* Jon Gravråk, EVP and Chief Digital Officer (effective 1

December 2015, Mr Ragnar Korsæth acting)

* Jon Erik Haug, EVP and Chief People Officer

* Ruza Sabanovic, EVP and Chief Technology Officer

* Vivek Sood, EVP and Chief Marketing Officer (effective 1

November 2015)

* Morten Karlsen Sørby, EVP

* Jesper Hansen, EVP and CEO of Telenor Denmark (acting)

* Berit Svendsen, EVP and CEO of Telenor Norway

* Patrik Hofbauer, EVP and CEO of Telenor Sweden

* Stein-Erik Vellan, EVP and CEO of Telenor Bulgaria

* Christopher Laska, EVP and CEO of Telenor Hungary

* Ove Fredheim, EVP and CEO of Telenor Montenegro and Serbia

* Albern Murty, EVP and CEO of Digi (Malaysia)

* Lars-Åke Norling, EVP and CEO of dtac (Thailand)

* Rajeev Sethi, EVP and CEO of Grameenphone (Bangladesh)

* Sharad Mehrotra, EVP and CEO of Telenor India (effective 1

November 2015)

* Petter Furberg, EVP and CEO of Telenor Myanmar

* Michael Foley, EVP and CEO of Telenor Pakistan

Full biographies are available on telenor.com.

Mr Kjell Morten Johnsen, Ms Katja Nordgaard, Mr Henrik

Clausen and Mr Martin Furuseth (acting) will step down from

Telenor Group's Executive Management.

The CEOs of Digi, Dtac and Grameenphone will continue to

report directly to their respective boards, but will

participate in the Telenor Group Executive Management

committee.