Approval of annual accounts 2015

The board of directors of NextGenTel Holding ASA has 17 March 2016 approved the annual accounts for 2015. There were no changes in the profit for the year as presented in the Q4 2015 financial report on 11 February 2016. However, the company has implemented a reclassification in the balance sheet in the annual accounts compared to what was presented on 11 February 2016. Deferred revenues originating from in advance invoicing have been reclassified and accounted for as a reduction in trade accounts receivable as of 31 December 2015. In the Q4 2015 financial report, this was presented as deferred revenues under current liabilities. Reference is made to the annual report and notes disclosures for further details. The equity ratio was above 15% as of 31 December 2015 and thus the company was in compliance with all financial covenants.

The annual general meeting (AGM) will take place Thursday 21 April 2016 at 15:00 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 AGM, including the annual report for 2015, will be available on the company's investor relations website (www.nextgentelholding.com).