Telenor ASA — Earnings Release 2016

Apr 22, 2016

Digi Q1 2016 results

Digi Q1 2016 results

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

reported its first quarter 2016 results. Telenor's

consolidated figures in NOK million are as follows:

Q116 Q115

Revenues 3,405 3,837

EBITDA before other items 1,431 1,672

EBITDA 1,431 1,672

Operating profit 1,110 1,371

Capex 351 412

During the quarter, the total number of subscriptions

increased by 211,000 to 12.336 million.

Outlook 2016 (unchanged)

* Service revenues: Sustain at 2015 level

* EBITDA: Sustain at 2015 level

* Capex: Sustain at 2015 level