Telenor ASA — Earnings Release 2015

Jul 15, 2015

Grameenphone Q2 2015 results CORRECTED*

Grameenphone Q2 2015 results CORRECTED*

Telenor Group's subsidiary in Bangladesh, Grameenphone,

has on 14 July 2015 announced its second quarter 2015

results. Telenor's consolidated figures in NOK million are

as follows:

Q215 Q214

Revenues 2,630 2,025*

EBITDA before other items 1,417 1.094

EBITDA 1,416 1.098

Operating profit 945 781

CAPEX 638 285

During the quarter the number of subscriptions increased

by 1.1 million to 53.129 million.

-) Revenues in Q2 2014 corrected from NOK 1.715 million in

announcement on 14 July 2015.