Telenor ASA - Director's Dealing 2016

Trades by primary insiders *CORR

*With reference to the release on 16 February 2016. Total

shareholdings are corrected in the below overview.

The following primary insiders in Telenor ASA have on 15 February 2016

acquired Telenor shares in connection with an employee share programme

at a price of NOK 120.46 per share.

Acquired shares/updated shareholding (incl related parties):

- Wenche Agerup 863 / 863

- Sigve Brekke 1,959 / 107,246

- Jan Otto Eriksen 317 / 3,917

- Jørgen Finnby 224 / 789

- Michael Patrick Foley 978 / 1,649

- Ove Fredheim 682 / 17,371

- Brit Østby Fredriksen 401 / 8,973

- Petter-Børre Furberg 691 / 26,755

- Knut Giske 636 / 34,548

- Jesper Hansen 827 / 12,187*

- Jon Erik Haug 823 / 15,835

- Patrik Eduard Hofbauer 1,134 / 14.909*

- Christopher Laska 617 / 15,152

- Sharad Mehrotra 859 / 14,259

- Albern Murty 993 / 14,327*

- Stein Halvor Nordbø 143 / 4,043

- Per Gunnar Salomonsen 229 / 929

- Åse Mathilde Beate Selfjord 55 / 145

- Rajeev Sethi 869 / 10,671

- Rita Skjærvik 365 / 479

- Vivek Sood 1,083 / 10,045*

- Harald Stavn 195 / 6,027

- Berit Svendsen 217 / 31,967

- Morten Karlsen Sørby 1,178 / 82,890

- Vegard Thoresen 188 / 5,094

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