Telenor ASA — Earnings Release 2015

Oct 18, 2015

Grameenphone Q3 2015 results

Grameenphone Q3 2015 results

Telenor Group's subsidiary in Bangladesh, Grameenphone, has

on 18 October 2015 announced its third quarter 2015 results.

Telenor's consolidated figures in NOK million are as

follows:

Q315 Q314

Revenues 2,811 2,075

EBITDA before other items 1,432 1,127

EBITDA 1,432 1,129

Operating profit 894 778

CAPEX 488 230

The reported EBITDA margin in the third quarter 2015 was

50.9%. Adjusted for one-time items the EBITDA margin 54.2%.

During the quarter, the number of subscriptions increased by

2.4 million to 55.511 million.