Telenor ASA — Director's Dealing 2018

Feb 12, 2018

Trade by primary insiders 6 Feb 2018 (corrected)

Trade by primary insiders 6 Feb 2018 (corrected)

* Corrected acquired shares and updated shareholdings

The following primary insiders in Telenor ASA have on 5

February 2018 acquired Telenor shares in connection with

employee share programmes at a price of NOK 178.66 per share.

Acquired shares/updated shareholding (incl related parties):

Berit Svendsen 332 / 38 919

Cecilie Blydt Heuch 626 / 626

Harald Stavn 454 / 6 667

*Jan Otto Eriksen 766 / 4 967

Jørgen Christian Arentz Rostrup 756 / 8 775

Knut Giske 1 444 / 38 796

Lars-Åke Norling 546 / 34 759

Morten Karlsen Sørby 1 771 / 89 875

Petter-Børre Furberg 1 909 / 34 294

Rita Skjærvik 894 / 2 304

Roger Rønning 446 / 3 517

Ruza Sabanovic 246 / 10 747

Sabah Qayyum 175 / 335

Sigve Brekke 3 621 / 125 419

Svein Henning Kirkeng 649 / 3 649

*Wenche Agerup 671 / 9 220

*Åse Mathilde Beate Selfjord 38 / 338

*Åse Mathilde Beate Selfjord was on 21 January 2018 allocated 107 shares at a price of NOK 189.22 per share in relation to the employee share purchase programme for 2016. The corrected total shareholding is reflected above.