Telenor ASA — Earnings Release 2014

Apr 25, 2014

DiGi Q1 2014 results

DiGi Q1 2014 results

Telenor Group's subsidiary in Malaysia, DiGi, has

today reported its first quarter 2014 results.

Telenor's consolidated figures in NOK million are as

follows:

Q114 Q113

Revenues 3,173 3,005

EBITDA before other items 1,423 1,302

EBITDA 1,432 1,303

Operating profit 1,212 774

Capex 372 349

During the quarter, the total number of subscriptions

decreased by 109,000 to 10.886 million.

Outlook 2014

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.