Mandate given to buy back shares in conjunction with share programme for employees and executive compensation

26 Feb 2026 16:30 CET

Telenor ASA has today engaged DNB Carnegie, a part of DNB Bank ASA (“DNB
Carnegie”) to conduct a buyback of own shares to be used in the Company’s share
programmes for employees in Telenor Group and executive compensation element in
2026.

The shares shall be used to meet obligations towards employees who participate
in the Company’s general employee share purchase plan (ESP), and the executive
compensation element: Salary Substitute as restricted shares.

The buyback will be conducted in a period lasting from 2nd to 6th of March 2026.
The total purchase amount will be NOK 92,000,000. The maximum number of shares
to be acquired is 1,840,000.

The buyback will be done on basis of authorisation granted at Telenor ASA’s
Annual General Meeting on 21st May 2025. The authorisation is for buyback of up
to 10,000,000 shares to be used in the share programmes and executive
compensation element, at a share price of minimum NOK 50 and a maximum NOK 250.
The Company currently holds 94,769 treasury shares.

This is information that Telenor ASA is obliged to make public pursuant to the
EU Market Abuse Regulation and subject to the disclosure requirements pursuant
to Section 5-12 of the Norwegian Securities Trading Act.

For further information, please see the minutes of the AGM and the Annual
Report, both available at Telenor’s website:

https://www.telenor.com/investors/shareholder-centre/annual-general-meeting/annu
al-general-meeting-2025/

More information:
Access the news on Oslo Bors NewsWeb site