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Telenor ASA Director's Dealing 2017

May 4, 2017

Director's Dealing

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Trade by primary insider

Jørgen C. Arentz Rostrup, Chief Financial Officer of Telenor

Group, has on 4 May 2017 acquired 3,500 Telenor shares at

NOK 137.15 per share. The transaction has been made through

Roccasio a.s., which is 100% owned by Mr. Rostrup. After the

transaction, Jørgen C. Arentz Rostrup (incl. related

parties) holds 7,057 shares in Telenor.