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Telenor ASA Earnings Release 2015

May 1, 2015

Earnings Release

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Grameenphone Q1 2015 results

Telenor Group's subsidiary in Bangladesh, Grameenphone,

has today announced its first quarter 2015 results.

Telenor's consolidated figures in NOK million are as

follows:

Q115 Q114

Revenues 2,516 1,961

EBITDA before other items 1,363 1.052

EBITDA 1,363 1.053

Operating profit 955 725

CAPEX 370 217

During the quarter the number of subscriptions increased

by 502,000 to 52.006 million.