Telenor ASA — Earnings Release 2015

Apr 24, 2015

dtac Q1 2015 results

dtac Q1 2015 results

Telenor Group's subsidiary in Thailand, dtac, has

today reported its first quarter 2015 figures to the

Stock Exchange of Thailand. Telenor's consolidated

figures in NOK million are as follows:

Q115 Q114

Revenues 5,435 4,187

EBITDA before other items 1,752 1,531

EBITDA 1,743 1,538

Operating profit 772 914

CAPEX 1,314 554

During the quarter the number of subscriptions

increased by 419,000 to 28.427 million.

Outlook 2015

In 2015, dtac expects low single digit service

revenue growth excluding interconnect (in local

currency), an EBITDA margin in-line with 2014 and

capex of THB 18-20 billion.