Share buyback

1/7/2013 1:00 AM EST

Telenor has on 4 January 2013 purchased 215,953 own 
shares at an average price of NOK 114.18 per share. 
After this transaction, Telenor owns a total of 
16,370,292 own shares.

The transaction is part of the share buyback programme 
announced by Telenor Group on 24 July 2012. The 
buyback programme comprises around 47 million shares, 
of which close to half will be repurchased in the 
market. The rest will be purchased from the Kingdom of 
Norway through the Ministry of Trade and Industry on a 
proportionate basis, so that the Ministry's current 
ownership interest in Telenor of 53.97% will remain 
unaffected.

For further information about the share buyback 
programme Telenor refers to the Oslo Stock Exchange 
notification made on 24 July 2012 (available from 
www.newsweb.no).