Approval of annual accounts 2010 incl. dividend proposal

The board of directors of Telio Holding ASA has 21 March 2011 approved the annual accounts for 2010. There were no changes in the financial results compared to what was presented in the Q4 2010 financial results on 10 February 2011. Profit after tax for 2010 was NOK 73,749,000.

The board proposes to the annual general meeting (AGM) to pay a dividend of NOK 3 per share to shareholders as of the date of the general meeting. Provided that the AGM adopts the proposal, the share will be traded ex-dividend as from 13 April 2011. The dividend will be paid as soon as possible after a decision by the AGM.

The AGM will take place Tuesday 12 April 2011 at 11:00 am at the company's premises at Harbitzalleen 2A, Skøyen, Oslo. A notice for the AGM will be sent to all shareholders and documents related to the annual general meeting, including the annual report for 2010, will be available on the company's website (www.telioholding.no/investor_relations).