US Trading of Telenor ADRs upgraded to OTC Markets' top-tier market

28 Sep 2023 23:00 CEST

OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for 12,000
U.S. and international securities, today announced Telenor ASA (Oslo Bors: TEL;
OTCQX: TELNF; TELNY), a holding company that provides fixed and mobile
communication networks through its subsidiaries, has qualified to trade on the
OTCQX® Best Market. Telenor ASA upgraded to OTCQX from the Pink® market.

Telenor ASA began trading today on OTCQX under the symbol “TELNF” and “TELNY.”
U.S. investors can find current financial disclosure and Real-Time Level 2
quotes for the company on www.otcmarkets.com.

Upgrading to the OTCQX Market enables Telenor to provide most transparent
trading possible for U.S. investors that would like to trade Telenor in USD
within US trading hours. To qualify for OTCQX, companies must meet high
financial standards, follow best practice corporate governance and demonstrate
compliance with applicable securities laws.

“We are pleased that Telenor’s ADRs and ordinary shares will now trade on the
top tier of the U.S. over-the-counter marketplaces. This will ensure improved
visibility for Telenor in the overseas market and the best possible standards,
accessibility and liquidity for U.S.-based investors that prefer to trade
Telenor stock as USD-quoted securities during U.S. trading hours. We believe our
continued dedication to deliver a combination of profitable growth and dividends
will be attractive to U.S. investors,” Tone H. Bachke, Chief Financial Officer
of Telenor says.

JP Morgan acted as the company’s OTCQX sponsor.

About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading
12,000 U.S. and international securities. OTC Markets’ data-driven disclosure
standards form the foundation of our three public markets: OTCQX® Best Market,
OTCQB® Venture Market and Pink® Open Market. To learn more about how we create
better informed and more efficient markets, visit www.otcmarkets.com.

About the Telenor Group
Telenor Group is a leading telecommunications company across the Nordics and
Asia. Responsible business conduct is the foundation of how the company
operates. Connectivity has been Telenor’s domain since 1855, and the company’s
purpose is to empower societies and connect its customers to what matters most.
We had NOK99bn in sales in 2022.

Investor contact:
Frank Maaø, Head of Investor Relations
+4791674045

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