Telenor ASA — Capital/Financing Update 2014

Mar 12, 2014

Telenor ASA - successful issuance of bonds

Telenor ASA - successful issuance of bonds

Telenor ASA has on 12 March 2014 issued the following

bond tranches under the company's EMTN program:

SEK 2,300,000,000 with coupon 2.375% and final

maturity 19 March 2019

SEK 1,100,000,000 with coupon 3M Stibor + 0.63% and

final maturity 19 March 2019

Both tranches will settle 19 March 2014.

The proceeds will be used for general corporate

purposes. The bonds will be listed on Luxembourg

Stock Exchange.

Nordea Markets and SEB acted as Joint Lead Managers

for the bond issues.

For further information:

Frode Borhaug, Director, Head of Funding, telephone

+47 67 89 25 18 / +47 916 38 645

Fornebu, 12 March 2014