Telenor ASA — Earnings Release 2015

Oct 19, 2015

dtac Q3 2015 results

dtac Q3 2015 results

Telenor Group's subsidiary in Thailand, dtac, has today

reported its third quarter 2015 figures to the Stock

Exchange of Thailand. Telenor's consolidated figures in NOK

million are as follows:

Q315 Q314

Revenues 4,600 4,081

EBITDA before other items 1,656 1,523

EBITDA 1,649 1,524

Operating profit 580 781

CAPEX 1,789 405

During the quarter the number of subscriptions decreased by

2.09 million to 24.851 million.

Outlook 2015 (maintained)

-Revenues: Service revenues excluding interconnect slightly

below 2014 level

-EBITDA margin: 31-33%

-Capex: THB 18-20 billion

*In 2014 EBITDA margin was 34.3%.