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Regulatory press release

Grameenphone - results for the second quarter 2023

Telenor
Telenor Group's subsidiary in Bangladesh, Grameenphone, has today announced its
results for the second quarter of 2023. Telenor's consolidated figures in NOK
million are as follows:

Q2 23 Q2 22
Revenues 4.006 4.024
EBITDA before other items 2.447 2.456
Operating profit 1.633 1.741
CAPEX excl. leases 711 593

Service revenues in local currency increased by 5.3%, and EBITDA increased by
5.7%. During the quarter the number of subscriptions increased by 1.1 million.
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