Telenor ASA — Earnings Release 2013

Feb 11, 2014

DTAC Q4 2013 results

DTAC Q4 2013 results

Telenor Group's subsidiary in Thailand, dtac, has

today reported its fourth quarter 2013 figures to the

Stock Exchange of Thailand and the Singapore Stock

Exchange. Telenor's consolidated figures in NOK

million are as follows:

Q413 Q412

Revenues 4,732 4,490

EBITDA before other items 1,521 1,242

EBITDA 1,520 1,241

EBIT 891 743

CAPEX 1,208 2,806

During the quarter the number of subscriptions

increased by 471,000 to 27.776 million.

The revenue development continues to be impacted by

the 55% reduction in the interconnect rate from 1 July

At the end of the year, dtac had 12 million

subscribers on the new 3G network.

Outlook 2014

In 2014, dtac expects revenue growth in the range of

3% to 5%, EBITDA margin of 35%-36% and capex of

minimum THB 13 billion.