Flagging – proxies for the annual general meeting

In connection with the Annual General Meeting of Telio Holding ASA to be held today 12 April 2012 at 11:00, proxy based voting rights have been assigned representing the following number of shares:

Erik Osmundsen, Chairman of the Board of Directors of Telio Holding ASA: 2,629,011 shares (equivalent to 13.56% of total outstanding shares)

The proxies apply exclusively to the Annual General Meeting in TelioHolding ASA to be held on 12 April 2012. After receiving these proxies, Erik Osmundsen represents the following number of shares:

3,144,513 shares - representing 16.21% of the share capital