Telenor ASA — Earnings Release 2015

Jul 13, 2015

DiGi Q2 2015 results

DiGi Q2 2015 results

Telenor Group's subsidiary in Malaysia, DiGi, has today

reported its second quarter 2015 results. Telenor's

consolidated figures in NOK million are as follows:

Q215 Q214

Revenues 3,649 3,230

EBITDA before other items 1,660 1,467

EBITDA 1,660 1,466

Operating profit 1,342 1,251

Capex 425 356

During the quarter, the total number of subscriptions

increased by 123,000 to 11.815 million.

Outlook 2015

The 2015 guidance is maintained:

- Low-mid single digit service revenue growth

- EBITDA margin sustained at 2014 level

- Capex sustained at 2014 level