Buyback of shares related to share programme for employees in Telenor Group and executive compensation element is completed

02 Jun 2025 10:00 CEST

As announced in the stock exchange release on 23 May, Telenor entered into an
agreement with DNB Carnegie, a part of DNB Bank ASA (“DNB Carnegie”) to conduct
buyback of Telenor shares to be used in the company’s share programmes for
employees in Telenor Group and executive compensation element in 2025.

In the first tranche, DNB Carnegie was mandated to acquire shares for NOK 45.7
million between 26 and 30 May 2025.

The first tranche of the share purchase has now been executed.

Date / aggregated daily volume (number of shares) / VWAP (NOK) / Transaction
value (NOK)

27 May 2025 / 90 000 / 156.02 / 14 041 377
28 May 2025 / 107 000 / 156.01 / 16 697 660
30 May 2025 / 107 062 / 156.54 / 16 760 920

Total / 304 062 / 156.218 / 47 499 957

Investor contact:
Frank Maaø (+47 916 74 045)

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