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Telenor ASA Director's Dealing 2016

Jul 22, 2016

Director's Dealing

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Trades by primary insider

Jesper Hansen, Executive Vice President of Telenor Group and

Chief Executive Officer of Telenor Denmark, has on 21 July 2016

acquired 576 Telenor shares at NOK 148.80 per share. After the

transaction, Hansen (incl. related parties) holds 19,196 shares

in Telenor.

Members of Telenor's Group Executive Management should at a

minimum have, and keep, shareholdings in Telenor ASA

corresponding to the value of one annual base salary. The share

purchase was made to meet this requirement.