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Regulatory press release

TEL: Competition-authority approval in Pakistan

Telenor
Reference is made to the Oslo Stock Exchange release of 14 December, 2023
regarding the agreement to sell 100% of Telenor Pakistan (private) Limited to
Pakistan Telecommunications Company Ltd (PTCL).

PTCL has informed that an approval for the transaction has now been received
from the Competition Commission of Pakistan (CCP). With this key milestone in
the regulatory process achieved, we now will proceed to seek approval from the
Pakistan Telecommunication Authority (PTA).

Telenor looks forward to a timely approval process and final completion of the
transaction.
Investor and media contacts:

Frank Maaø, SVP Capital Markets and Investor Relations, tel: +4791674045
Thomas Midteide, Chief Communications Officer, tel.: +47 96232017
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