Telenor ASA — Earnings Release 2016

Jan 30, 2017

dtac Q4 2016 results

dtac Q4 2016 results

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

reported its fourth quarter 2016 figures to the Stock

Exchange of Thailand. Telenor's consolidated figures in NOK

million are as follows:

Q416 Q415

Revenues 5,086 5,533

EBITDA before other items 1,599 1,598

EBITDA 1,548 1,582

Operating profit 129 419

CAPEX 1,413 933

During the quarter the number of subscriptions decreased by

0.34 million to 24.480 million.

Outlook 2017

- Service revenues (excluding interconnect) same level as

previous year

- EBITDA at least same level as previous year

- CAPEX THB 17-20 billion