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Telenor ASA Earnings Release 2010

Feb 7, 2011

Earnings Release

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Telenor's subsidiary in Bangladesh, Grameenphone, has

announced its fourth quarter 2010 result. Telenor's

consolidated figures in NOK million are as follows:

Q410 Q409

Revenues 1,647 1,378

EBITDA before other items 802 717

EBITDA 802 716

EBIT 441 366

CAPEX 343 349

During the quarter the number of subscriptions

increased by 1,316,000 to 29.971 million.