Telenor ASA — Earnings Release 2016

Apr 22, 2016

dtac Q1 2016 results

dtac Q1 2016 results

Telenor Group's subsidiary in Thailand, dtac, has today

reported its first quarter 2016 figures to the Stock

Exchange of Thailand. Telenor's consolidated figures in NOK

million are as follows:

Q116 Q115

Revenues 5,260 5,443

EBITDA before other items 1,778 1,760

EBITDA 1,741 1,751

Operating profit 515 779

CAPEX 1,139 1,314

During the quarter the number of subscriptions increased by

225,000 to 25.477 million.

Outlook 2016 (unchanged)

- Service revenues (excluding interconnect) flat/slightly

higher than 2015

- EBITDA margin of 27%-31%

- CAPEX around 2015 level