Telenor ASA — Earnings Release 2014

Jul 17, 2014

DiGi Q2 2014 results

DiGi Q2 2014 results

Telenor Group's subsidiary in Malaysia, DiGi, has

today reported its second quarter 2014 results.

Telenor's consolidated figures in NOK million are as

follows:

Q214 Q213

Revenues 3,230 3,136

EBITDA before other items 1,467 1,419

EBITDA 1,466 1,421

Operating profit 1,251 949

Capex 356 354

During the quarter, the total number of subscriptions

increased by 17,000 to 10.903 million.

Outlook 2014 maintained

In 2014, DiGi aims to deliver 4-6% revenue growth and

an EBITDA margin sustained at 2013 level. The capex in

2014 is expected to be up to MYR 900 million.