Proposal from nomination committee and amendment to notice

Please find attached the proposal from the nomination committee to the Annual General Meeting of NextGenTel Holding ASA taking place on 20 April 2017.

Amendment to notice

Item 11.2.2 in the notice for the Annual General Meeting is proposed increased by NOK 20,000 to allow for the allocation of 200,000 share options to the elected Chairman. The proposal is therefore amended to the following: “The share capital may be increased by up to NOK 65,000 in connection with the company’s incentive and option programs.”

About Us

The NextGenTel Group is a major player in providing fixed and mobile Internet communication services to consumers and businesses with a #2 position within xDSL broadband in the Norwegian market. The range of services covers access independent broadband, data net, Ethernet, VoIP, mobile and TV. In addition, the Group provides VoIP services to consumers in Denmark, Switzerland and the Netherlands. The company is headquartered in Oslo, Norway and is listed on the Oslo Exchange as NGT. NextGenTel's mission is to be a major force in defining and providing fixed and mobile internet communications to the consumer and small businesses.