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Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.

Regulatory press release

TEL: Buyback of shares related to employee share programmes and executive compensation completed

Telenor
As announced in the stock exchange release on 21 May 2026, Telenor entered into
an agreement with DNB Carnegie, a part of DNB Bank ASA ("DNB Carnegie"), to
conduct buyback of Telenor shares to be used in the company's share programmes
for employees in Telenor Group and executive compensation element in 2026.

DNB Carnegie was mandated to acquire shares for up to NOK 55.000.000 between 26
and 29 May 2026.

The share purchase has now been executed.

Date / aggregated daily volume (number of shares) / VWAP (NOK) / Transaction
value (NOK)
26 May 2026 / 87 500 / 154.544 / 13 522 600.00
27 May 2026 / 87 500 / 152.805 / 13 370 455.00
28 May 2026 / 87 500 / 152.997 / 13 387 237.50
29 May 2026 / 96 384 / 152.719 / 14 719 658.46

Total / 358 884 / 153.253 / 54 999 950.96

Investor contact:
Frank Maaø (+47 916 74 045)
nk Maaø (+47 916 74 045)\