Telenor ASA — Board/Management Information 2016

Apr 29, 2016

CFO Richard Aa resigns from Telenor Group

CFO Richard Aa resigns from Telenor Group

Telenor Group and Chief Financial Officer (CFO) Richard Olav

Aa have today announced an agreement to terminate Mr. Aa's

employment in Telenor Group. Mr. Aa has been on temporary

leave of absence since 11 November 2015.

Mr. Morten Karlsen Sørby will continue as acting CFO of

Telenor Group. The company will now start a process to find

a permanent solution for the CFO position.

The Deloitte review conclusion will be announced at a

Telenor press conference today at 11.00 am CET.