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Telenor ASA Director's Dealing 2016

May 20, 2016

Director's Dealing

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Trade by primary insider

Sharad Mehrotra, Executive Vice President of Telenor Group and

Chief Executive Officer of Telenor India, has on 11 February

2016 sold 229 Telenor shares at NOK 120.46 per share. Including

the trades reported on 16 February 2016 and 1 March 2016,

Mehrotra's total shareholding (including related parties) is

7,122 shares.