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Telenor ASA Earnings Release 2010

Jul 19, 2010

Earnings Release

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Telenor's subsidiary in Bangladesh, Grameenphone,

has announced its second quarter 2010 figures.

Telenor's consolidated figures in NOK million are as

follows:

Q210 Q209

Revenues 1,682 1,537

EBITDA before other items 720 909

EBITDA 719 909

EBIT 347 521

CAPEX 174 184

During the quarter the total number of subscriptions

increased by 2,552,000 to 26.456 million.