Regulatory press release

TEL: TRADE BY PRIMARY INSIDERS

Jon Omund Revhang and Rita Skjærvik, Executive Vice Presidents and primary
insiders of Telenor ASA, have acquired 330 and 650 shares at NOK 152.30 and NOK
151.10 per share, respectively. Updated shareholdings after the transaction are
25,651 and 25,781 shares, respectively.

This information is subject to disclosure obligations pursuant to the EU Market
Regulation, cf. section 3-1 in the Norwegian Securities Trading Act, and section
5-12 of the Norwegian Securities Trading Act.