Telenor ASA — Board/Management Information 2015

May 21, 2015

New Board of Directors of Telenor ASA

New Board of Directors of Telenor ASA

The Corporate Assembly of Telenor ASA made on 20 May 2015

the following changes in the composition of the Board of

Directors of Telenor ASA:

Regi Aalstad was elected new shareholder representative of

the board. Ms Aalstad was born in Norway in 1964 and lives

in Switzerland. Aalstad has held several General Manager

and Vice President positions for Procter & Gamble in Asia,

Europe, Middle East and Africa. Aalstad was a member of

Procter & Gamble's Global Business Executive Council since

2005 and served as Vice President of Baby Care until 2014.

Aalstad holds a Master of Business Administration from the

University of Michigan.

Barbara Milian Thoralfsson resigned from the board.

After these changes the board of Telenor ASA consists of:

Svein Aaser (chairman)

Burckhard Bergmann

Regi Aalstad

Marit Vaagen

Sally Davis

Jon Erik Reinhardsen

Frank Dangeard

Dag Opedal

Bjørn André Anderssen (employee representative)

Brit Østby Fredriksen (employee representative)

Harald Stavn (employee representative)