Telenor ASA — Earnings Release 2016

Jul 11, 2016

Digi Q2 2016 results

Digi Q2 2016 results

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

reported its second quarter 2016 results. Telenor's

consolidated figures in NOK million are as follows:

Q216 Q215

Revenues 3,411 3,649

EBITDA before other items 1,541 1,660

EBITDA 1,541 1,660

Operating profit 1,245 1,342

Capex 344 425

During the quarter, the total number of subscriptions

increased by 11,000 to 12.347 million.

Outlook 2016

* Service revenues: Sustain at 2015 level (unchanged)

* EBITDA: Sustain at 2015 level (unchanged)

* Capex: 13-14% of service revenues (previously "Sustain at

2015 level")