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

12 Nov 2025 17:00 CET

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 the executive compensation element in 2025.

In the third tranche, DNB Carnegie was mandated to acquire shares for up to NOK
12.6 million between 10 and 14 November 2025.

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

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

11 November 2025 / 83 088 / 147.92 / 12 290 410.41

Total / 83 088 / 147.92 / 12 290 410.41

Investor contact:

Frank Maaø (+47 916 74 045)

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