Press Release

Telenor ASA has, through the wholly owned Swedish subsidiary TBS Infrastructure AB, on February 8, 2006 acquired 69,951,808 additional shares in Glocalnet AB. Thereby, Telenor ASA owns 196,428,018 shares in Glocalnet AB, together representing 77.7 percent of the capital and votes in Glocalnet AB on a fully diluted[1] basis. Telenor ASA TBS Infrastructure AB For further information, please contact: Pål Kvalheim Head of Communication, Telenor i Norden Telephone number: +47 970 44 970 E-mail: pal.kvalheim@telenor.com --------------------------------------------------------------------------------

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