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Regulatory press release

TEL: Trade by primary insiders

Telenor
The following primary insiders in Telenor ASA have, on 20 November 2025, been
allocated Telenor shares in connection with the executive compensation element
Salary Substitute at a price of NOK 147.92 per share.

Name / Salary Substitute (number of shares) / updated shareholding:

Benedicte Schilbred Fasmer / 2 663 / 24 237
Torbjørn Wist / 738 / 26 838
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