Change of CFO in Telenor Group

Tone Hegland Bachke, Executive Vice President and Chief Financial Officer, hasdecided to leave Telenor to take on a position as member of the ExecutiveBoardof Directors in SHV Holdings N.V. SHV is headquartered in the Netherlands,employs more than 60.000 people and is present in more than 70 countries. "During her six years in Telenor and her four years as Group CFO, Tone hasworked relentlessly to contribute to Telenor´s strategic development andperformance. I'm truly grateful for her contribution," says Sigve Brekke, CEOofTelenor Group.

Kasper Wold Kaarbø, SVP Performance & Ownership in Telenor Group, has beenappointed acting CFO from May 8th. Since joining Telenor in 2004, he has heldseveral senior positions across finance and strategy functions in the group.Hehas also held various board positions within Telenor and is currently memberofthe Board of Directors in CelcomDigi. Bachke will continue in Telenor until August 1st, at the latest.

Investor contact: Frank Maaø: +47 91674045Media contact: Thomas Midteide: +47 96232017

https://newsweb.oslobors.no/message/615751