Telenor ASA — Earnings Release 2015

Apr 27, 2015

DiGi Q1 2015 results

DiGi Q1 2015 results

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

reported its first quarter 2015 results. Telenor's

consolidated figures in NOK million are as follows:

Q115 Q114

Revenues 3,837 3,173

EBITDA before other items 1,672 1,423

EBITDA 1,672 1,432

Operating profit 1,371 1,212

Capex 412 372

During the quarter, the total number of subscriptions

increased by 271,000 to 11.692 million.

Outlook 2015

The 2015 guidance is maintained and summarised as follows:

- Low - mid single digit service revenue growth

- Sustain EBITDA margin at 2014 level

- Sustain capex at 2014 level