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Regulatory press release

Grameenphone - results for the first quarter 2025

Telenor
Telenor Group's subsidiary in Bangladesh, Grameenphone, has today announced its
results for the first quarter of 2025. Telenor's consolidated figures in NOK
million are as follows:

Q1 25 Q1 24
-Revenues 3,483 3,764
-Adjusted EBITDA 1,998 2,290
-Operating profit 1,156 1,491
-CAPEX excl. leases 437 686

Organic growth in service revenues was -2.2%, and organic growth in adjusted
EBITDA (before other income and expenses)was -8.1%. The company added 0.6
million subscribers during the quarter.
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