<SEC-DOCUMENT>0000950123-11-067507.txt : 20110722
<SEC-HEADER>0000950123-11-067507.hdr.sgml : 20110722
<ACCEPTANCE-DATETIME>20110722165340
ACCESSION NUMBER:		0000950123-11-067507
CONFORMED SUBMISSION TYPE:	SC 13D/A
PUBLIC DOCUMENT COUNT:		4
FILED AS OF DATE:		20110722
DATE AS OF CHANGE:		20110722
GROUP MEMBERS:		TELENOR ASA
GROUP MEMBERS:		TELENOR EAST INVEST AS
GROUP MEMBERS:		TELENOR MOBILE COMMUNICATIONS AS
GROUP MEMBERS:		TELENOR MOBILE HOLDING AS

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			VimpelCom Ltd.
		CENTRAL INDEX KEY:			0001468091
		STANDARD INDUSTRIAL CLASSIFICATION:	RADIO TELEPHONE COMMUNICATIONS [4812]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			D0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-85442
		FILM NUMBER:		11983018

	BUSINESS ADDRESS:	
		STREET 1:		SOM 2 BLD., FLOOR 2
		STREET 2:		CLAUDE DEBUSSYLAAN 15
		CITY:			AMSTERDAM
		STATE:			P7
		ZIP:			1082 MC
		BUSINESS PHONE:		31 20 79 77 200

	MAIL ADDRESS:	
		STREET 1:		SOM 2 BLD., FLOOR 2
		STREET 2:		CLAUDE DEBUSSYLAAN 15
		CITY:			AMSTERDAM
		STATE:			P7
		ZIP:			1082 MC

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	New Spring Co Ltd.
		DATE OF NAME CHANGE:	20090709

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Telenor East Holding II AS
		CENTRAL INDEX KEY:			0001508271
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			Q8
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A

	BUSINESS ADDRESS:	
		STREET 1:		SNAR?YVEIEN 30
		CITY:			FORNEBU
		STATE:			Q8
		ZIP:			N-1331
		BUSINESS PHONE:		47 67 89 2547

	MAIL ADDRESS:	
		STREET 1:		SNAR?YVEIEN 30
		CITY:			FORNEBU
		STATE:			Q8
		ZIP:			N-1331
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D/A
<SEQUENCE>1
<FILENAME>u11394sc13dza.htm
<DESCRIPTION>SC 13D/A
<TEXT>
<HTML>
<HEAD>
<TITLE>sc13dza</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always"><A HREF="#U11394toc">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV style="font-family: 'Times New Roman',Times,serif">
</DIV>


<DIV align="center" style="font-size: 14pt; margin-top: 18pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B></DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B></DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 18pt"><B>SCHEDULE 13D</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 0pt"><b>Under the Securities Exchange Act of 1934<BR>
</b>
</DIV>



<DIV align="center" style="font-size: 12pt; margin-top: 0pt"><b>(Amendment
No.&nbsp;13)*</b></div>


<DIV align="center" style="font-size: 18pt; margin-top: 18pt"><U>VIMPELCOM LTD.</U>
</DIV>

<DIV align="center" style="font-size: 10pt">(Name of Issuer)</DIV>




<DIV align="center" style="font-size: 10pt; margin-top: 18pt">Common
Shares, par value US$0.001 per share<BR>
</DIV>


<DIV align="center"><DIV style="font-size: 3pt; margin-top: 1pt; width: 75%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>

<DIV align="center" style="font-size: 10pt">(Title of Class of Securities)</DIV>



<DIV align="center" style="font-size: 10pt; margin-top: 18pt">92719A

10 6**
</DIV>


<DIV align="center"><DIV style="font-size: 3pt; margin-top: 1pt; width: 75%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>

<DIV align="center" style="font-size: 10pt">(CUSIP Number)</DIV>




<DIV align="left" style="font-size: 10pt; margin-top: 0pt; margin-left: 13%"><DIV style="margin-left:14px; text-indent:-14px">**CUSIP
number of American Depositary Shares
listed on the New York Stock Exchange.
The Common <BR>
Shares are not publicly traded.</div>
</div>



<DIV align="center" style="font-size: 10pt; margin-top: 18pt">Bj&#248;rn Hogstad<BR>
Telenor ASA<BR>
Snar&#248;yveien 30<BR>
N-1331 Fornebu, Norway<BR>
47-67-89-2547
</DIV>

<DIV align="center"><DIV style="font-size: 3pt; margin-top: 1pt; width: 75%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>

<DIV align="center" style="font-size: 10pt">(Name, Address and Telephone Number of Person<br>
Authorized to Receive Notices and Communications)</DIV>





<DIV align="center" style="font-size: 10pt; margin-top: 18pt">July 22, 2011
</DIV>



<DIV align="center"><DIV style="font-size: 3pt; margin-top: 1pt; width: 75%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>

<DIV align="center" style="font-size: 10pt">(Date of Event which Requires Filing<br>
of this Statement)</DIV>



<DIV align="center" style="font-size: 10pt; margin-top: 18pt">Copy to:
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">Peter O&#146;Driscoll<BR>
Orrick, Herrington &#038; Sutcliffe LLP<BR>
107 Cheapside<BR>
London EC2V 6DN<BR>
England<BR>
44-20-7862-4600
</DIV>

<DIV align="center"><DIV style="font-size: 3pt; margin-top: 1pt; width: 75%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">If the filing person has previously filed a statement on Schedule&nbsp;13G to report the acquisition
which is the subject of this Schedule&nbsp;13D, and is filing this schedule because of &#167;&#167; 240.13d-1(e)
or 240.13d-1(f) or 240.13d-1(g), check the following box. <FONT face="Wingdings">&#111;</FONT>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Note: Schedules filed in paper format shall include a signed original and five copies of the
schedule, including all exhibits. See &#167; 240.13d-7 for other parties to whom copies are to be sent.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">*The remainder of this cover page will be filled out for a reporting person&#146;s initial filing on
this form with respect to the subject class of securities, and for any subsequent amendment
containing information which would alter disclosures provided in a prior cover page.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The information required on the remainder of this &#147;cover page&#148; shall not be deemed &#147;filed&#148; for
the purpose of Section&nbsp;18 of the Securities Exchange of 1934 (the &#147;Act&#148;) or otherwise subject to
the liabilities of that section of the Act but shall be subject to all other provisions of the Act
(however, see the Notes).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Persons who respond to the collection of information contained in this form are not required to
respond unless the form displays a currently valid OMB control number.</B>
</DIV>



<P align="center" style="font-size: 10pt">
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#U11394toc">Table of Contents</A></H5><P>
<TABLE width="100%" border="0" cellspacing="0" cellpadding="4" style="font-size: 10pt">
<TR>
<TD width="4%">&nbsp;</TD>
<TD width="3%">&nbsp;</TD>
<TD width="3%">&nbsp;</TD>
<TD width="3%">&nbsp;</TD>
<TD width="28%">&nbsp;</TD>
<TD width="14%">&nbsp;</TD>
<TD width="45%">&nbsp;</TD>
</TR>

<TR>
<TD colspan="7">CUSIP No. 92719A 10 6  (ADSs)</TD>
</TR>

<TR><TD colspan=7><HR noshade></TD></TR>

<TR>
<TD>&nbsp;</TD>
<TD valign=top>1.</TD>
<TD valign=top colspan=3>Name of Reporting Person:<BR>Telenor East
Holding II AS</TD>
<TD valign=top colspan=2>I.R.S. Identification Nos. of above persons (entities only):<BR>
000-00-0000</TD>
</TR>

<TR><TD colspan=7><HR noshade></TD></TR>

<TR>
<TD>&nbsp;</TD>
<TD valign=top>2.</TD>
<TD valign=top colspan=5>Check the Appropriate Box if a Member of a Group (See Instructions):</TD>
</TR>

<TR>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD valign=top>(a)</TD>
<TD valign=top><FONT face="wingdings" size="2">&#111;</FONT></TD>
<TD valign=top colspan=3>&nbsp;</TD>
</TR>

<TR>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD valign=top>(b)</TD>
<TD valign=top><FONT face="wingdings" size="2">&#254;</FONT></TD>
<TD valign=top colspan=3>&nbsp;</TD>
</TR>

<TR><TD colspan=7><HR noshade></TD></TR>

<TR>
<TD>&nbsp;</TD>
<TD valign=top>3.</TD>
<TD valign=top colspan=5>SEC Use Only:</TD>
</TR>

<TR><TD colspan=7><HR noshade></TD></TR>

<TR>
<TD>&nbsp;</TD>
<TD valign=top>4.</TD>
<TD valign=top colspan=5>Source of Funds (See Instructions):<BR>WC </TD>
</TR>

<TR><TD colspan=7><HR noshade></TD></TR>


<TR>
<TD>&nbsp;</TD>
<TD valign=top>5.</TD>
<TD valign=top colspan=5>Check if Disclosure of Legal Proceedings Is
Required Pursuant to Items 2(d) or 2(e):
<FONT face="wingdings" size="2">&#111;</FONT><BR>
N/A </TD>
</TR>

<TR><TD colspan=7><HR noshade></TD></TR>

<TR>
<TD>&nbsp;</TD>
<TD valign=top>6.</TD>
<TD valign=top colspan=5>Citizenship or Place of Organization:<BR>Norway</TD>
</TR>

<TR><TD colspan=7><HR noshade></TD></TR>

<TR><TD colspan="3" rowspan="8" align="center">Number of<BR>Shares<BR>Beneficially<BR>Owned by<BR> Each Reporting<BR>Person With</TD></TR>

<TR><TD valign=top>7.</TD>
<TD valign=top colspan=3>Sole Voting Power:<BR>515,578,840
</TD></TR>

<TR><TD colspan=4><hr noshade></TD></TR>

<TR><TD valign=top>8.</TD><TD valign=top colspan=3> Shared Voting Power:<BR>-0-</TD></TR>

<TR><TD colspan=4><hr noshade></TD></TR>

<TR><TD valign=top>9.</TD><TD valign=top colspan=3> Sole Dispositive
Power:<BR>515,578,840
</TD></TR>

<TR><TD colspan=4><hr noshade></TD></TR>

<TR><TD valign=top>10.</TD><TD valign=top colspan=3>Shared Dispositive Power:<BR>-0-</TD></TR>

<TR><TD colspan=7><hr noshade></TD></TR>

<TR><TD>&nbsp;</TD>
<TD valign=top>11.</TD><TD valign=top colspan=5>Aggregate Amount
Beneficially Owned by Each Reporting Person: <BR>515,578,840
</TR>

<TR><TD colspan=7><hr noshade></TD></TR>

<TR><TD>&nbsp;</TD>
<TD valign=top>12.</TD><TD valign=top colspan=5>Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):<BR> <FONT face="wingdings" size="2">&#111;</FONT> </TD>
</TR>

<TR><TD colspan=7><hr noshade></TD></TR>

<TR><TD>&nbsp;</TD>
<TD valign=top>13.</TD><TD valign=top colspan=5>Percent of Class
Represented by Amount in Row (11):<BR>31.7% of the outstanding Common
Shares (25.0% of the outstanding voting shares)</TD></TR>

<TR><TD colspan=7><hr noshade></TD></TR>

<TR><TD>&nbsp;</TD>
<TD valign=top>14.</TD><TD valign=top colspan=5>Type of Reporting Person (See Instructions):<BR>CO</TD></TR>

<TR><TD colspan=7><hr noshade></TD></TR>










</TABLE>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">
</DIV>

<P align="center" style="font-size: 10pt">

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#U11394toc">Table of Contents</A></H5><P>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="4" style="font-size: 10pt">
<TR>
<TD width="4%">&nbsp;</TD>
<TD width="3%">&nbsp;</TD>
<TD width="3%">&nbsp;</TD>
<TD width="3%">&nbsp;</TD>
<TD width="28%">&nbsp;</TD>
<TD width="14%">&nbsp;</TD>
<TD width="45%">&nbsp;</TD>
</TR>

<TR>
<TD colspan="7">CUSIP No. 92719A 10 6 (ADSs) </TD>
</TR>

<TR><TD colspan=7><HR noshade></TD></TR>

<TR>
<TD>&nbsp;</TD>
<TD valign=top>1.</TD>
<TD valign=top colspan=3>Name of Reporting Person:<BR>Telenor Mobile Holding AS </TD>
<TD valign=top colspan=2>I.R.S. Identification Nos. of above persons (entities only):<BR>
000-00-0000</TD>
</TR>

<TR><TD colspan=7><HR noshade></TD></TR>

<TR>
<TD>&nbsp;</TD>
<TD valign=top>2.</TD>
<TD valign=top colspan=5>Check the Appropriate Box if a Member of a Group (See Instructions):</TD>
</TR>

<TR>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD valign=top>(a)</TD>
<TD valign=top><FONT face="wingdings" size="2">&#111;</FONT></TD>
<TD valign=top colspan=3>&nbsp;</TD>
</TR>

<TR>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD valign=top>(b)</TD>
<TD valign=top><FONT face="wingdings" size="2">&#254;</FONT></TD>
<TD valign=top colspan=3>&nbsp;</TD>
</TR>

<TR><TD colspan=7><HR noshade></TD></TR>

<TR>
<TD>&nbsp;</TD>
<TD valign=top>3.</TD>
<TD valign=top colspan=5>SEC Use Only:</TD>
</TR>

<TR><TD colspan=7><HR noshade></TD></TR>

<TR>
<TD>&nbsp;</TD>
<TD valign=top>4.</TD>
<TD valign=top colspan=5>Source of Funds (See Instructions):<BR>N/A</TD>
</TR>

<TR><TD colspan=7><HR noshade></TD></TR>


<TR>
<TD>&nbsp;</TD>
<TD valign=top>5.</TD>
<TD valign=top colspan=5>Check if Disclosure of Legal Proceedings Is
Required Pursuant to Items 2(d) or 2(e):
<FONT face="wingdings" size="2">&#111;</FONT><BR>
N/A </TD>
</TR>

<TR><TD colspan=7><HR noshade></TD></TR>

<TR>
<TD>&nbsp;</TD>
<TD valign=top>6.</TD>
<TD valign=top colspan=5>Citizenship or Place of Organization:<BR>Norway</TD>
</TR>

<TR><TD colspan=7><HR noshade></TD></TR>

<TR><TD colspan="3" rowspan="8" align="center">Number of<BR>Shares<BR>Beneficially<BR>Owned by<BR> Each Reporting<BR>Person With</TD></TR>

<TR><TD valign=top>7.</TD>
<TD valign=top colspan=3>Sole Voting
Power:<BR>515,578,840<SUP style="font-size: 85%; vertical-align: text-top">(1)</SUP>
</TD></TR>

<TR><TD colspan=4><hr noshade></TD></TR>

<TR><TD valign=top>8.</TD><TD valign=top colspan=3> Shared Voting Power:<BR>-0-</TD></TR>

<TR><TD colspan=4><hr noshade></TD></TR>

<TR><TD valign=top>9.</TD><TD valign=top colspan=3> Sole Dispositive
Power:<BR>515,578,840<SUP style="font-size: 85%; vertical-align: text-top">(1)</SUP>
</TD></TR>

<TR><TD colspan=4><hr noshade></TD></TR>

<TR><TD valign=top>10.</TD><TD valign=top colspan=3>Shared Dispositive Power:<BR>-0-</TD></TR>

<TR><TD colspan=7><hr noshade></TD></TR>

<TR><TD>&nbsp;</TD>
<TD valign=top>11.</TD><TD valign=top colspan=5>Aggregate Amount
Beneficially Owned by Each Reporting Person: <BR>515,578,840<SUP style="font-size: 85%; vertical-align: text-top">(1)</SUP>
</TD>
</TR>

<TR><TD colspan=7><hr noshade></TD></TR>

<TR><TD>&nbsp;</TD>
<TD valign=top>12.</TD>
<TD valign=top colspan=5>Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):<BR>
<FONT face="wingdings" size="2">&#111;</FONT> </TD>
</TR>

<TR><TD colspan=7><hr noshade></TD></TR>

<TR><TD>&nbsp;</TD>
<TD valign=top>13.</TD><TD valign=top colspan=5>Percent of Class
Represented by Amount in Row (11):<BR>31.7% of the outstanding Common
Shares (25.0% of the outstanding voting shares)</TD></TR>

<TR><TD colspan=7><hr noshade></TD></TR>

<TR><TD>&nbsp;</TD>
<TD valign=top>14.</TD><TD valign=top colspan=5>Type of Reporting
Person (See Instructions):<BR>CO, HC</TD></TR>

<TR><TD colspan=7><hr noshade></TD></TR>



</TABLE>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(1)&nbsp;&nbsp;&nbsp;&nbsp;The
Reporting Person disclaims beneficial ownership of all such
securities
</DIV>


<P align="center" style="font-size: 10pt">


<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#U11394toc">Table of Contents</A></H5><P>
<TABLE width="100%" border="0" cellspacing="0" cellpadding="4" style="font-size: 10pt">
<TR>
<TD width="4%">&nbsp;</TD>
<TD width="3%">&nbsp;</TD>
<TD width="3%">&nbsp;</TD>
<TD width="3%">&nbsp;</TD>
<TD width="28%">&nbsp;</TD>
<TD width="14%">&nbsp;</TD>
<TD width="45%">&nbsp;</TD>
</TR>

<TR>
<TD colspan="7">CUSIP No. 92719A 10 6 (ADSs)</TD>
</TR>

<TR><TD colspan=7><HR noshade></TD></TR>

<TR>
<TD>&nbsp;</TD>
<TD valign=top>1.</TD>
<TD valign=top colspan=3>Name of Reporting Person:<BR>Telenor ASA</TD>
<TD valign=top colspan=2>I.R.S. Identification Nos. of above persons (entities only):<BR>
98-0387714</TD>
</TR>

<TR><TD colspan=7><HR noshade></TD></TR>

<TR>
<TD>&nbsp;</TD>
<TD valign=top>2.</TD>
<TD valign=top colspan=5>Check the Appropriate Box if a Member of a Group (See Instructions):</TD>
</TR>

<TR>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD valign=top>(a)</TD>
<TD valign=top><FONT face="wingdings" size="2">&#111;</FONT></TD>
<TD valign=top colspan=3>&nbsp;</TD>
</TR>

<TR>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD valign=top>(b)</TD>
<TD valign=top><FONT face="wingdings" size="2">&#254;</FONT></TD>
<TD valign=top colspan=3>&nbsp;</TD>
</TR>

<TR><TD colspan=7><HR noshade></TD></TR>

<TR>
<TD>&nbsp;</TD>
<TD valign=top>3.</TD>
<TD valign=top colspan=5>SEC Use Only:</TD>
</TR>

<TR><TD colspan=7><HR noshade></TD></TR>

<TR>
<TD>&nbsp;</TD>
<TD valign=top>4.</TD>
<TD valign=top colspan=5>Source of Funds (See Instructions):<BR>WC</TD>
</TR>

<TR><TD colspan=7><HR noshade></TD></TR>


<TR>
<TD>&nbsp;</TD>
<TD valign=top>5.</TD>
<TD valign=top colspan=5>Check if Disclosure of Legal Proceedings Is
Required Pursuant to Items 2(d) or 2(e):
<FONT face="wingdings" size="2">&#111;</FONT><BR>N/A </TD>
</TR>

<TR><TD colspan=7><HR noshade></TD></TR>

<TR>
<TD>&nbsp;</TD>
<TD valign=top>6.</TD>
<TD valign=top colspan=5>Citizenship or Place of Organization:<BR>Norway</TD>
</TR>

<TR><TD colspan=7><HR noshade></TD></TR>

<TR><TD colspan="3" rowspan="8" align="center">Number of<BR>Shares<BR>Beneficially<BR>Owned by<BR> Each Reporting<BR>Person With</TD></TR>

<TR><TD valign=top>7.</TD>
<TD valign=top colspan=3>Sole Voting
Power:<BR>515,578,840</TD></TR>

<TR><TD colspan=4><hr noshade></TD></TR>

<TR><TD valign=top>8.</TD><TD valign=top colspan=3> Shared Voting Power:<BR>-0-</TD></TR>

<TR><TD colspan=4><hr noshade></TD></TR>

<TR><TD valign=top>9.</TD><TD valign=top colspan=3> Sole Dispositive
Power:<BR>515,578,840</TD></TR>

<TR><TD colspan=4><hr noshade></TD></TR>

<TR><TD valign=top>10.</TD><TD valign=top colspan=3>Shared Dispositive Power:<BR>-0-</TD></TR>

<TR><TD colspan=7><hr noshade></TD></TR>

<TR><TD>&nbsp;</TD>
<TD valign=top>11.</TD><TD valign=top colspan=5>Aggregate Amount
Beneficially Owned by Each Reporting Person: <BR>515,578,840</TD>
</TR>

<TR><TD colspan=7><hr noshade></TD></TR>

<TR><TD>&nbsp;</TD>
<TD valign=top>12.</TD><TD valign=top colspan=5>Check if the
Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions):<BR> <FONT face="wingdings" size="2">&#111;</FONT> </TD>
</TR>

<TR><TD colspan=7><hr noshade></TD></TR>

<TR><TD>&nbsp;</TD>
<TD valign=top>13.</TD><TD valign=top colspan=5>Percent of Class
Represented by Amount in Row (11):<BR>31.7% of the outstanding Common
Shares (25.0% of the outstanding voting shares)</TD></TR>

<TR><TD colspan=7><hr noshade></TD></TR>

<TR><TD>&nbsp;</TD>
<TD valign=top>14.</TD><TD valign=top colspan=5>Type of Reporting Person (See Instructions):<BR>CO, HC</TD></TR>

<TR><TD colspan=7><hr noshade></TD></TR>
</TABLE>



<P align="center" style="font-size: 10pt">

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#U11394toc">Table of Contents</A></H5><P>
<TABLE width="100%" border="0" cellspacing="0" cellpadding="4" style="font-size: 10pt">
<TR>
<TD width="4%">&nbsp;</TD>
<TD width="3%">&nbsp;</TD>
<TD width="3%">&nbsp;</TD>
<TD width="3%">&nbsp;</TD>
<TD width="28%">&nbsp;</TD>
<TD width="14%">&nbsp;</TD>
<TD width="45%">&nbsp;</TD>
</TR>

<TR>
<TD colspan="7">CUSIP No. 92719A 10 6 (ADSs)</TD>
</TR>

<TR><TD colspan=7><HR noshade></TD></TR>

<TR>
<TD>&nbsp;</TD>
<TD valign=top>1.</TD>
<TD valign=top colspan=3>Name of Reporting Person:<BR>Telenor Mobile
Communications AS</TD>
<TD valign=top colspan=2>I.R.S. Identification Nos. of above persons (entities only):<BR>
000-00-0000</TD>
</TR>

<TR><TD colspan=7><HR noshade></TD></TR>

<TR>
<TD>&nbsp;</TD>
<TD valign=top>2.</TD>
<TD valign=top colspan=5>Check the Appropriate Box if a Member of a Group (See Instructions):</TD>
</TR>

<TR>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD valign=top>(a)</TD>
<TD valign=top><FONT face="wingdings" size="2">&#111;</FONT></TD>
<TD valign=top colspan=3>&nbsp;</TD>
</TR>

<TR>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD valign=top>(b)</TD>
<TD valign=top><FONT face="wingdings" size="2">&#254;</FONT></TD>
<TD valign=top colspan=3>&nbsp;</TD>
</TR>

<TR><TD colspan=7><HR noshade></TD></TR>

<TR>
<TD>&nbsp;</TD>
<TD valign=top>3.</TD>
<TD valign=top colspan=5>SEC Use Only:</TD>
</TR>

<TR><TD colspan=7><HR noshade></TD></TR>

<TR>
<TD>&nbsp;</TD>
<TD valign=top>4.</TD>
<TD valign=top colspan=5>Source of Funds (See Instructions):<BR>WC</TD>
</TR>

<TR><TD colspan=7><HR noshade></TD></TR>


<TR>
<TD>&nbsp;</TD>
<TD valign=top>5.</TD>
<TD valign=top colspan=5>Check if Disclosure of Legal Proceedings Is
Required Pursuant to Items 2(d) or 2(e):
<FONT face="wingdings" size="2">&#111;</FONT><BR>
N/A </TD>
</TR>

<TR><TD colspan=7><HR noshade></TD></TR>

<TR>
<TD>&nbsp;</TD>
<TD valign=top>6.</TD>
<TD valign=top colspan=5>Citizenship or Place of Organization:<BR>Norway</TD>
</TR>

<TR><TD colspan=7><HR noshade></TD></TR>

<TR><TD colspan="3" rowspan="8" align="center">Number of<BR>Shares<BR>Beneficially<BR>Owned by<BR> Each Reporting<BR>Person With</TD></TR>

<TR><TD valign=top>7.</TD>
<TD valign=top colspan=3>Sole Voting Power:<BR>-0-
</TD></TR>

<TR><TD colspan=4><hr noshade></TD></TR>

<TR><TD valign=top>8.</TD><TD valign=top colspan=3> Shared Voting Power:<BR>-0-</TD></TR>

<TR><TD colspan=4><hr noshade></TD></TR>

<TR><TD valign=top>9.</TD><TD valign=top colspan=3> Sole Dispositive
Power:<BR>-0-
</TD></TR>

<TR><TD colspan=4><hr noshade></TD></TR>

<TR><TD valign=top>10.</TD><TD valign=top colspan=3>Shared Dispositive Power:<BR>-0-</TD></TR>

<TR><TD colspan=7><hr noshade></TD></TR>

<TR><TD>&nbsp;</TD>
<TD valign=top>11.</TD><TD valign=top colspan=5>Aggregate Amount
Beneficially Owned by Each Reporting Person: <BR>-0-
</TR>

<TR><TD colspan=7><hr noshade></TD></TR>

<TR><TD>&nbsp;</TD>
<TD valign=top>12.</TD><TD valign=top colspan=5>Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):<BR> <FONT face="wingdings" size="2">&#111;</FONT> </TD>
</TR>

<TR><TD colspan=7><hr noshade></TD></TR>

<TR><TD>&nbsp;</TD>
<TD valign=top>13.</TD><TD valign=top colspan=5>Percent of Class
Represented by Amount in Row (11):<BR>-0-</TD></TR>

<TR><TD colspan=7><hr noshade></TD></TR>

<TR><TD>&nbsp;</TD>
<TD valign=top>14.</TD><TD valign=top colspan=5>Type of Reporting
Person (See Instructions):<BR>CO</TD></TR>

<TR><TD colspan=7><hr noshade></TD></TR>
</TABLE>


<P align="center" style="font-size: 10pt">

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#U11394toc">Table of Contents</A></H5><P>
<TABLE width="100%" border="0" cellspacing="0" cellpadding="4" style="font-size: 10pt">
<TR>
<TD width="4%">&nbsp;</TD>
<TD width="3%">&nbsp;</TD>
<TD width="3%">&nbsp;</TD>
<TD width="3%">&nbsp;</TD>
<TD width="28%">&nbsp;</TD>
<TD width="14%">&nbsp;</TD>
<TD width="45%">&nbsp;</TD>
</TR>

<TR>
<TD colspan="7">CUSIP No. 92719A 10 6  (ADSs)</TD>
</TR>

<TR><TD colspan=7><HR noshade></TD></TR>

<TR>
<TD>&nbsp;</TD>
<TD valign=top>1.</TD>
<TD valign=top colspan=3>Name of Reporting Person:<BR>Telenor East Invest AS</TD>
<TD valign=top colspan=2>I.R.S. Identification Nos. of above persons (entities only):<BR>
000-00-0000</TD>
</TR>

<TR><TD colspan=7><HR noshade></TD></TR>

<TR>
<TD>&nbsp;</TD>
<TD valign=top>2.</TD>
<TD valign=top colspan=5>Check the Appropriate Box if a Member of a Group (See Instructions):</TD>
</TR>

<TR>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD valign=top>(a)</TD>
<TD valign=top><FONT face="wingdings" size="2">&#111;</FONT></TD>
<TD valign=top colspan=3>&nbsp;</TD>
</TR>

<TR>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD valign=top>(b)</TD>
<TD valign=top><FONT face="wingdings" size="2">&#254;</FONT></TD>
<TD valign=top colspan=3>&nbsp;</TD>
</TR>

<TR><TD colspan=7><HR noshade></TD></TR>

<TR>
<TD>&nbsp;</TD>
<TD valign=top>3.</TD>
<TD valign=top colspan=5>SEC Use Only:</TD>
</TR>

<TR><TD colspan=7><HR noshade></TD></TR>

<TR>
<TD>&nbsp;</TD>
<TD valign=top>4.</TD>
<TD valign=top colspan=5>Source of Funds (See Instructions):<BR>WC </TD>
</TR>

<TR><TD colspan=7><HR noshade></TD></TR>


<TR>
<TD>&nbsp;</TD>
<TD valign=top>5.</TD>
<TD valign=top colspan=5>Check if Disclosure of Legal Proceedings Is
Required Pursuant to Items 2(d) or 2(e):
<FONT face="wingdings" size="2">&#111;</FONT><BR>
N/A </TD>
</TR>

<TR><TD colspan=7><HR noshade></TD></TR>

<TR>
<TD>&nbsp;</TD>
<TD valign=top>6.</TD>
<TD valign=top colspan=5>Citizenship or Place of Organization:<BR>Norway</TD>
</TR>

<TR><TD colspan=7><HR noshade></TD></TR>

<TR><TD colspan="3" rowspan="8" align="center">Number of<BR>Shares<BR>Beneficially<BR>Owned by<BR> Each Reporting<BR>Person With</TD></TR>

<TR><TD valign=top>7.</TD>
<TD valign=top colspan=3>Sole Voting Power:<BR>-0-
</TD></TR>

<TR><TD colspan=4><hr noshade></TD></TR>

<TR><TD valign=top>8.</TD><TD valign=top colspan=3> Shared Voting Power:<BR>-0-</TD></TR>

<TR><TD colspan=4><hr noshade></TD></TR>

<TR><TD valign=top>9.</TD><TD valign=top colspan=3> Sole Dispositive
Power:<BR>-0-
</TD></TR>

<TR><TD colspan=4><hr noshade></TD></TR>

<TR><TD valign=top>10.</TD><TD valign=top colspan=3>Shared Dispositive Power:<BR>-0-</TD></TR>

<TR><TD colspan=7><hr noshade></TD></TR>

<TR><TD>&nbsp;</TD>
<TD valign=top>11.</TD><TD valign=top colspan=5>Aggregate Amount
Beneficially Owned by Each Reporting Person: <BR>-0-
</TR>

<TR><TD colspan=7><hr noshade></TD></TR>

<TR><TD>&nbsp;</TD>
<TD valign=top>12.</TD><TD valign=top colspan=5>Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):<BR> <FONT face="wingdings" size="2">&#111;</FONT> </TD>
</TR>

<TR><TD colspan=7><hr noshade></TD></TR>

<TR><TD>&nbsp;</TD>
<TD valign=top>13.</TD><TD valign=top colspan=5>Percent of Class
Represented by Amount in Row (11):<BR>-0-</TD></TR>

<TR><TD colspan=7><hr noshade></TD></TR>

<TR><TD>&nbsp;</TD>
<TD valign=top>14.</TD><TD valign=top colspan=5>Type of Reporting Person (See Instructions):<BR>CO</TD></TR>

<TR><TD colspan=7><hr noshade></TD></TR>










</TABLE>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">
</DIV>

<P align="center" style="font-size: 10pt">

<!-- PAGEBREAK -->
<P><HR noshade><P>


<DIV style="font-family: 'Times New Roman',Times,serif">

<!-- TOC -->
<A name="U11394toc"><DIV align="CENTER" style="page-break-before:always"><U><B>TABLE OF CONTENTS</B></U></DIV></A>

<P><CENTER>
<TABLE border="0" width="90%" cellpadding="0" cellspacing="0">
<TR>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="76%"></TD>
</TR>
<TR><TD></TD><TD colspan="8"><A HREF="#U11394000">Item&nbsp;1. Security and Issuer</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#U11394001">Item&nbsp;2. Identity and Background</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#U11394002">Item&nbsp;4. Purpose of the Transaction</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#U11394003">Item 6.  Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#U11394004">Item&nbsp;7. Material to be Filed as Exhibits</A></TD></TR>
<TR><TD colspan="9"><A HREF="#U11394005">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="u11394exv99w1.htm">EX-99.1 - Statement</A></TD></TR>
<TR><TD colspan="9"><A HREF="u11394exv99w2.htm">EX-99.2 - Confirmation</A></TD></TR>
<TR><TD colspan="9"><A HREF="u11394exv99w3.htm">EX-99.3 - Guarantee Agreement</A></TD></TR>
</TABLE>
</CENTER>
<!-- /TOC -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#U11394toc">Table of Contents</A></H5><P>


<DIV align="center" style="font-size: 10pt; margin-top: 0pt"><B>SCHEDULE 13D</B>
</DIV>

<!-- link2 "Item&nbsp;1. Security and Issuer" -->
<DIV align="left"><A NAME="U11394000"></A></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;1. </B><U><B>Security and Issuer</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
 Amendment No. 13 (this &#147;Amendment&#148;) to the statement on Schedule&nbsp;13D (as amended by this Amendment, this &#147;Statement&#148;) relates to the common shares, par
value US$0.001 per share (the &#147;Common Shares&#148;), of VimpelCom Ltd., a company organized under the laws of Bermuda.
The principal business address of VimpelCom Ltd. is  Claude Debussylaan 15, 1082 MC, Amsterdam, the
Netherlands, and its business telephone number is +31 20 797 7200.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except
as provided herein, this Amendment does not modify any of the
information previouly reported in this Statement.
</DIV>

<!-- link2 "Item&nbsp;2. Identity and Background" -->
<DIV align="left"><A NAME="U11394001"></A></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;2. </B><U><B>Identity and Background</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Statement is being filed jointly by Telenor East Holding II AS
(referred to herein as &#147;Telenor East Holding&#148;), Telenor Mobile
Holding AS (referred to herein as &#147;Telenor Mobile
Holding&#148;), Telenor ASA, Telenor Mobile Communications AS
(referred to herein as &#147;Telenor Mobile&#148;) and Telenor East Invest AS
(referred to herein as &#147;Telenor East,&#148;
and together with
Telenor East Holding, Telenor Mobile Holding, Telenor ASA and Telenor Mobile, collectively, the
&#147;Reporting Persons&#148;).</div>



<P align="center" style="font-size: 10pt">&nbsp;
</DIV>
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#U11394toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TELENOR EAST HOLDING II AS
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Telenor East Holding II AS, a corporation formed under the laws of Norway.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Snar&#248;yveien 30<BR>
N-1331 Fornebu<BR>
Norway</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Telenor East Holding is engaged principally in the business of investing in the
telecommunications industry outside of Norway.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>During the last five years, Telenor East Holding has not been convicted in a criminal
proceeding.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(e)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>During the last five years, Telenor East Holding was not a party to a civil
proceeding of a judicial or administrative body as a result of which Telenor Holding was
or is subject to a judgment, decree or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or state securities laws or
finding any violation with respect to such laws.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EXECUTIVE OFFICERS AND DIRECTORS OF TELENOR EAST HOLDING II AS
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a), (b), (c)&nbsp;and (f)&nbsp;The following information sets forth the name, citizenship, residential
address and present principal occupation of each of the directors and executive officers of Telenor
East Holding. The business address of each of such persons is Telenor East Holding II AS, c/o
Telenor ASA, Snar&#248;yveien 30, N-1331 Fornebu, Norway.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>DIRECTORS OF TELENOR EAST HOLDING II AS</U>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="39%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="44%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Name and Residential Address</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Citizenship</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Present Principal Occupation</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Jan Edvard Thygesen<BR>
(Nesbru, Norway)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Norway
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Executive Vice President of
Telenor ASA; Head of
Telenor in Eastern &#038; Central
Europe; Member of the Board
of Telenor East; and Member
of the Board of VimpelCom
Ltd.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Bj&#248;rn Magnus Kopperud<BR>
(Drammen, Norway)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Norway
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Deputy Head of Telenor
Central and Eastern Europe</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Bj&#248;rn Hogstad<BR>
(Oslo, Norway)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Norway
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Attorney, Group Legal,
Telenor ASA; Member of the
Board of Telenor East </TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>EXECUTIVE OFFICERS OF TELENOR EAST HOLDING II AS</U>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="39%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="44%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Name and Residential Address</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Citizenship</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Present Principal Occupation</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Bj&#248;rn Hogstad<BR>
(Oslo, Norway)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Norway
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Managing Director of Telenor East Holding;
Attorney, Group Legal,
Telenor ASA; Member of the
Board of Telenor East </TD>
</TR>


<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;During the last five years, none of the above executive officers and directors of
Telenor East Holding has been convicted in a criminal proceeding.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;During the last five years, none of the above executive officers and directors of Telenor
East Holding was a party to a civil proceeding of a judicial or administrative body as a result of
which Telenor East Holding was or is subject to a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to, federal or state securities laws
or finding any violation with respect to such laws.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TELENOR MOBILE HOLDING AS
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Telenor Mobile Holding AS, a corporation formed under the laws of Norway.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Snar&#248;yveien 30<BR>
N &#151; 1331 Fornebu<BR>
Norway</TD>
</TR>

</TABLE>
</DIV>

<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#U11394toc">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Telenor Mobile Holding  is engaged principally in the development of and investment in
the field of telecommunications through direct and indirect ownership of companies and entering
into agreements relating to telecommunications.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During the last five years, Telenor Mobile Holding  has not been convicted in a criminal
proceeding.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During the last five years, Telenor Mobile Holding  was not a party to a civil
proceeding of a judicial or administrative body as a result of which Telenor Mobile Holding  was
or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting
or mandating activities subject to, federal or state securities laws or finding any violation with
respect to such laws.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EXECUTIVE
OFFICERS AND DIRECTORS OF TELENOR MOBILE HOLDING AS
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a), (b), (c)&nbsp;and (f)&nbsp;The following
information sets forth the name, citizenship, residential
address and present principal occupation of each of the directors and executive officers of Telenor
Mobile Holding. The business address of the directors and executive officers is Telenor Mobile Holding,
c/o Telenor ASA, Snar&#248;yveien 30, N &#151; 1331 Fornebu, Norway.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>DIRECTORS OF TELENOR MOBILE HOLDING AS</U>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="38%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="38%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">

<TD nowrap align="left" style="border-bottom: 1px solid #000000">Name
and Residential Address</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Citizenship</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Present Principal Occupation</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Jon Fredrik Baksaas<BR>
(Sandvika, Norway)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Norway
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">President and Chief Executive
Officer of Telenor ASA; Chairman of the Board of
Telenor Mobile Holding; and Member of the Board of VimpelCom Ltd.</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Jan Edvard Thygesen<BR>
(Nesbru, Norway)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Norway
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Executive Vice President of
Telenor ASA; Head of Telenor in Eastern &#38; Central Europe; and
Member of the Board of VimpelCom Ltd.</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Berit Svendsen<BR>
(Oslo, Norway)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Norway
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chief Executive Officer of Conax AS</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#U11394toc">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="38%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="38%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Name and Residential  Address</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Citizenship</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Present Principal Occupation</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Morten Fallstein<BR>
(Oslo, Norway)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Norway
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Employee Representative</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Roger R&#248;nning<BR>
(Oslo, Norway)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Norway
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Employee Representative</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Helge Enger<BR>
(Oslo, Norway)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Norway
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Employee Representative</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><U>EXECUTIVE OFFICERS OF TELENOR MOBILE HOLDING AS</U>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="38%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="38%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Name and Residential  Address</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Citizenship</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Present Principal Occupation</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">



<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Jon Fredrik Baksaas<BR>
(Sandvika, Norway)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Norway
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">President and Chief Executive
Officer of Telenor ASA;
Chairman of the Board of
Telenor Mobile Holding; and Member of the Board of VimpelCom  Ltd. </TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;During the last five years, none of the above executive officers and directors of Telenor
Mobile Holding  has been convicted in a criminal proceeding.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;During the last five years, none of the above executive officers and directors of Telenor
Mobile Holding  has been a party to a civil proceeding of a judicial or administrative body as a
result of which such executive officer or director was or is subject to a judgment, decree or final
order enjoining future violations of, or prohibiting or mandating activities subject to, federal or
state securities laws or finding any violation with respect to such laws.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TELENOR ASA
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Telenor ASA, a corporation formed under the laws of Norway.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Snar&#248;yveien 30<BR>
N &#151; 1331 Fornebu<BR>
Norway</TD>
</TR>

</TABLE>
</DIV>

<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#U11394toc">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Telenor ASA is engaged principally in the business of production and supply
of services in the fields of telecommunications, data services and media distribution.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;During the last five years, Telenor ASA has not been convicted in a criminal proceeding.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;During the last five years, Telenor ASA was not a party to a civil proceeding of a
judicial or administrative body as a result of which Telenor ASA was or is subject to a judgment,
decree or final order enjoining future violations of, or prohibiting or mandating activities
subject to, federal or state securities laws or finding any violation with respect to such laws.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EXECUTIVE OFFICERS AND DIRECTORS OF TELENOR ASA
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a), (b), (c)&nbsp;and (f)&nbsp;The following information sets forth the name, citizenship,
residential address and present principal occupation of each of the directors and executive officers of Telenor
ASA.  The business address of each of such persons is c/o Telenor
ASA, Snar&#248;yveien 30, N &#151; 1331 Fornebu, Norway.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>DIRECTORS OF TELENOR ASA</U>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="38%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="38%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">

<TD nowrap align="left" style="border-bottom: 1px solid #000000">Name
and Residential Address</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Citizenship</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Present Principal Occupation</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Harald
Johan Norvik<BR>
(Nesoddangen, Norway)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Norway
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Strategic Advisor at Econ P&#246;yry; Chairman
of the Boards of H.Aschehoug &#038; Co and Midelfart Sonesson AB;
Member of the Boards of ConocoPhillips,
Petroleum Geo-Services ASA and OCAS AS; and Chairman of the Board of Telenor ASA</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Barbara
Rose Milian Thoralfsson<BR>
(Stabekk, Norway)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">USA
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director at Fleming Invest AS;
Member of the Boards of Electrolux AB, Svenska Cellulosa
Aktiebolaget SCA AB, Storebrand ASA,
Fleming Invest AS, Stokke AS, Tandberg ASA and Norfolier AS</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Kjersti Kleven<BR>
(Ulsteinvik, Norway)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Norway
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Joint-owner of John Kleven AS and
Chairman of the Board of Kleven Maritime AS; Member of the Board of
Directors of Ekornes ASA and Jebsens Rederi AS</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Hallvard Bakke<BR>
(Oslo, Norway)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Norway
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chairman of Carte Blanche AS</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Frank Dangeard<BR>
(Paris, France)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">France
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Managing Partner of Haircourt France</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Dag Jakob Opedal<BR>
(Olso, Norway)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Norway
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Executive Management Group<BR>
Director of Norges Gruppen</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#U11394toc">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="38%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="38%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Name and Residential  Address</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Citizenship</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Present Principal Occupation</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Liselott Kilaas<BR>
(Oslo, Norway)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Norway
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Managing Director of Aleris ASA;
and Member of the Boards of the Central Bank of Norway, IM Skaugen AS
and Adresseavisen</TD>
</TR>


<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Dr. Burckhard
Bergmann<br>(Essen, Germany)

</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Germany
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Member of the Boards of Allianz Lebensversicherungs AG,
MAN Ferrostaal AG,
Gazprom, NordStream, E.ON Energie AG, Accumulatorenwerke Hoppecke and Jaeger Beteiligungsgesellschaft mbH &#38; Co KG</TD>
</TR>





<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Bj&#248;rn
Andre Anderssen<BR>(Gol, Norway)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Norway
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Employee Representative</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Harald Stavn<BR>
(Kongsberg, Norway)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Norway
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Employee Representative</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>


<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Brit &#216;stby Fredriksen<BR>
(Dr&#248;bak, Norway)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Norway
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Employee Representative</TD>
</TR>




<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>


<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>EXECUTIVE OFFICERS OF TELENOR ASA</U>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="38%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="38%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Name and Residential  Address</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Citizenship</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Present Principal Occupation</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Jon Fredrik Baksaas<BR>
(Sandvika, Norway)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Norway
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">President and Chief Executive
Officer of Telenor ASA;
Chairman of the Board of
Telenor Mobile Holding; and Member of the Board of VimpelCom Ltd.  </TD>
</TR>



<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>



<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Richard Olav Aa<BR>
(Ruglandveien, Norway)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Norway
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Executive Vice President and Chief Financial
Officer of Telenor ASA</TD>
</TR>



<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>





<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Sigve Brekke<BR>
(Bangkok, Thailand)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Norway
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Executive Vice President
of Telenor ASA and Head of Telenor in Asia</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Jan Edvard Thygesen<BR>
(Nesbru, Norway)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Norway
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Executive Vice President of
Telenor ASA; Head of Telenor in Eastern &#38; Central Europe; and Member of the Board of VimpelCom Ltd.</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>









<TR>
<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Morten
Karlsen S&#248;rby<BR>
(Hammaro, Sweden)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Norway
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Executive Vice President of
Telenor ASA and Head of Corporate Development</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">




<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Kristin Skogen Lund
<BR>(Oslo, Norway)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Norway
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Executive Vice President and Head of Telenor Nordic Operations</TD>
</TR>



<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Oddvar Hesjedal<BR>(B&#230;rum, Norway)

</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Norway
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Executive Vice President and Head
of Group People Development of Telenor ASA</TD>
</TR>



<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#U11394toc">Table of Contents</A></H5><P>


<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;During the last five years, none of the above executive officers and
directors of Telenor ASA has been convicted in a criminal proceeding.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;During the last five years, none of the above executive officers and directors of Telenor
ASA has been a party to a civil proceeding of a judicial or administrative body as a result of
which such executive officer or director was or is subject to a judgment, decree or final order
enjoining future violations of, or prohibiting or mandating activities subject to, federal or state
securities laws or finding any violation with respect to such laws.
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TELENOR MOBILE COMMUNICATIONS AS
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Telenor Mobile Communications AS, a corporation formed under the laws of Norway.</TD>
</TR>

<TR>
    <TD width="3%">&nbsp;</TD>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%">&nbsp;</TD>
    <TD width="2%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Snar&#248;yveien 30<br>
N &#150; 1331 Fornebu<br>
Norway</TD>
</TR>

<TR>
    <TD width="3%">&nbsp;</TD>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%">&nbsp;</TD>
    <TD width="2%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Telenor Mobile is engaged principally in the business of investing in the
field of telecommunications and entering into agreements relating to telecommunications.</TD>
</TR>

<TR>
    <TD width="2%">&nbsp;</TD>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%">&nbsp;</TD>
    <TD width="2%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>During the last five years, Telenor Mobile has not been convicted in a
criminal proceedings.</TD>
</TR>

<TR>
    <TD width="2%">&nbsp;</TD>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%">&nbsp;</TD>
    <TD width="2%" nowrap align="left">(e)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>During the last five years, Telenor Mobile was not a party to a civil
proceedings of a judicial or administrative body as a result of which Telenor Mobile was or is subject to a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to, federal or state securities
laws or finding any violation with respect to such laws.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EXECUTIVE OFFICERS AND DIRECTORS OF TELENOR MOBILE COMMUNICATIONS AS
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a),
(b), (c)&nbsp;and (f)&nbsp;The following information sets forth the
name, citizenship, residential
address and present principal occupation of each of the directors and executive officers of Telenor
Mobile. The business address of each of such
persons is Telenor Mobile Communications AS, c/o Telenor ASA, Snar&#248;yveien 30, N-1331 Fornebu,
Norway.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>DIRECTORS OF TELENOR MOBILE COMMUNICATIONS AS</U>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="35%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">

<TD nowrap align="left" style="border-bottom: 1px solid #000000">Name
and Residential Address</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Citizenship</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Present Principal Occupation</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->

<tr>
    <TD>&nbsp;</TD>
</tr>


<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">P&#229;l Wien Espen<br>
(Oslo, Norway)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Norway
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chairman of the Board of
Telenor Mobile; and General Counsel of
Telenor ASA</TD>
</TR>

<TR>
     <TD style="font-size: 10pt">&nbsp;</TD>
</TR>



<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Knut
Giske<br>
(B&#230;rum, Norway)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Norway
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Senior Vice President and Group
Controller <BR>of Telenor ASA</TD>
</TR>



<TR>
     <TD style="font-size: 10pt">&nbsp;</TD>
</TR>



<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Martha
Takvam<br>
(Asker, Norway)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Norway
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Managing Director of Telenor
Eiendom <BR>
Holding AS</TD>
</TR>






<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>EXECUTIVE OFFICERS OF TELENOR MOBILE COMMUNICATIONS AS</U>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="35%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">

<TD nowrap align="left" style="border-bottom: 1px solid #000000">Name
and Residential Address</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Citizenship</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Present Principal Occupation</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<tr>
    <TD>&nbsp;</TD>
</tr>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Ragnar Korsaeth<BR>
(Oslo, Norway)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Norway
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Executive Vice President of
Telenor ASA and Head of Global
Coordination; and Chief
Operating Officer of Telenor
Mobile </TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;During the last five years, none of the above executive officers and directors of Telenor
Mobile has been convicted in a criminal proceeding.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;During the last five years, none of the above executive officers and directors of Telenor
Mobile was a party to a civil proceeding of a judicial or administrative body as
a result of which Telenor Mobile was or is subject to a judgment, decree or final
order enjoining future violations of, or prohibiting or mandating activities subject to, federal or
state securities laws or finding any violation with respect to such laws.
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TELENOR EAST INVEST AS
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Telenor East Invest AS, a corporation formed under the laws of Norway.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Snar&#248;yveien 30<BR>
N &#151; 1331 Fornebu<BR>
Norway</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Telenor East is engaged principally in the business of investing in the
telecommunications industry outside of Norway.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During the last five years, Telenor East has not been convicted in a criminal
proceeding.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During the last five years, Telenor East was not a party to a civil proceeding
of a judicial or administrative body as a result of which Telenor East was or is subject
to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating
activities subject to, federal or state securities laws or finding any violation with respect to
such laws.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EXECUTIVE OFFICERS AND DIRECTORS OF TELENOR EAST INVEST AS
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a),
(b), (c)&nbsp;and (f)&nbsp;The following information sets forth the
name, citizenship, residential address and present principal occupation of each of the directors and executive officers of Telenor
East. The business address of each of such persons is Telenor East Invest AS, c/o Telenor ASA, Snar&#248;yveien 30, N-1331
Fornebu, Norway.
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>DIRECTORS OF TELENOR EAST INVEST AS</U>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="38%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="38%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">

<TD nowrap align="left" style="border-bottom: 1px solid #000000">Name
and Residential  Address</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Citizenship</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Present Principal Occupation</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>




    <TD align="left" valign="top">&nbsp;</TD>
</TR>



<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Jan Edvard Thygesen<BR>

(Nesbru, Norway)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Norway
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Executive Vice President of Telenor
ASA; Head of Telenor in Eastern &#38; Central Europe; and Member of
the Board of VimpelCom Ltd.</TD>
</TR>



<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>









<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Gunn
Margrethe Ring&#248;en<BR>
(Oslo, Norway)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Norway
</TD>
    <TD>&nbsp;</TD>

<TD align="left" valign="top">Senior Business Manager of Telenor ASA
and Chief Executive Officer of Telenor East </TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">






<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Bj&#248;rn
Hogstad<BR>
(Oslo, Norway)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Norway
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Attorney, Group Legal, Telenor ASA</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>






<!-- End Table Body -->
</TABLE>
</DIV>






<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>EXECUTIVE OFFICERS OF TELENOR EAST INVEST AS</U>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="38%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="38%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Name and Residential  Address</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Citizenship</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Present Principal Occupation</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>



<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Gunn
Margrethe Ring&#248;en<BR>
(Oslo, Norway)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Norway
</TD>
    <TD>&nbsp;</TD>

<TD align="left" valign="top">Senior Business Manager of Telenor ASA</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">







<!-- End Table Body -->
</TABLE>
</DIV>





<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During the last five years, none of the above executive officers and directors of Telenor
East  has been convicted in a criminal proceeding.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During the last five years, none of the above executive officers and directors of Telenor
East  was a party to a civil proceeding of a judicial or administrative body as a result
of which Telenor East  was or is subject to a judgment, decree or final order enjoining
future violations of, or prohibiting or mandating activities subject to, federal or state
securities laws or finding any violation with respect to such laws.
</DIV>

<!-- link2 "Item&nbsp;4. Purpose of the Transaction" -->
<DIV align="left"><A NAME="U11394002"></A></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;4. </B><U><B>Purpose of the Transaction</B></U>
</DIV>




<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition to the Swap Agreement and the Swap Transaction previously described in this Statement,
on July&nbsp;22, 2011, Telenor East Holding entered into a letter agreement (the &#147;Confirmation&#148;) with
J.P. Morgan Securities Ltd. (&#147;JPMorgan&#148;) pursuant to an ISDA Master Agreement, together with a
schedule and credit support annex thereto, dated as of the same date. The Confirmation will be
supplemented by a pricing supplement confirming the final terms of the Confirmation (the &#147;Pricing
Supplement,&#148; and the Confirmation as so supplemented, the &#147;JPMorgan Swap Transaction&#148;). The
JPMorgan Swap Transaction provides for a cash-settled total return equity swap in respect of up to
40,000,000 VimpelCom Ltd. ADRs (the &#147;JPMorgan Underlying ADRs&#148;). In addition, on July&nbsp;22, 2011,
Telenor ASA entered into a guarantee agreement with JPMorgan in respect of Telenor East Holding&#146;s
payment, performance and indemnity obligations to JPMorgan under the JPMorgan Swap Transaction (the
&#147;JPMorgan Guarantee&#148;).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On July&nbsp;22, 2011, Telenor ASA filed a statement with the Oslo Stock Exchange, a copy of which is
attached hereto as Exhibit&nbsp;99.1 and is incorporated herein in its entirety, stating that Telenor
East Holding entered into the JPMorgan Swap Transaction to increase its economic exposure to
VimpelCom Ltd. ADRs. During the term of the JPMorgan Swap Transaction, Telenor East Holding will
make quarterly payments to JPMorgan equivalent to a three-month US LIBOR floating interest rate on a
notional principal amount equal to the notional value of the JPMorgan Underlying ADRs as determined
for each payment date, and Telenor East Holding will receive amounts that presently are expected to
equal at least 85% of any dividends paid on the JPMorgan Underlying ADRs during a period related
to the term of the JPMorgan Swap Transaction. JPMorgan will deliver the Pricing Supplement to
Telenor East Holding shortly after the date (the &#147;Hedging Period Completion Date&#148;) specified by
JPMorgan, in its sole discretion, which is expected to be the date JPMorgan has established its
hedge positions with respect to the maximum number of JPMorgan Underlying ADRs or such earlier date
as notified by Telenor East Holding in compliance with certain conditions specified in the
Confirmation. Following the Hedging Period Completion Date, whichever party is the out of-the-money party on each reference date will begin making monthly cash credit support
payments to the other party based on the exposure of the in-the-money party under the JPMorgan Swap
Transaction. Such cash credit support and interest payments will continue until the date (the
&#147;Hedge Unwind Commencement Date&#148;) that is approximately the second anniversary of the Hedging
Period Completion Date (unless the JPMorgan Swap Transaction is terminated prior to such date).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The JPMorgan Swap Transaction provides only for cash settlement. The cash settlement obligation of
the out-of-the-money party under the JPMorgan Swap Transaction will be determined based on the
difference between the volume-weighted average price per VimpelCom Ltd. ADR over the valuation
period or periods, as applicable, beginning on the Hedge Unwind Commencement Date (or, for any
tranche of the JPMorgan Swap Transaction other than the first such tranche, the date specified in
the Confirmation for such tranche) and ending on the date or dates, as applicable, specified by
JPMorgan, in its sole discretion, with respect to the JPMorgan Swap Transaction or any tranche
thereunder, as applicable, and the volume-weighted average price per VimpelCom Ltd. ADR over the
valuation period beginning after July&nbsp;22, 2011 and ending on the Hedging Period Completion Date, in
each case, as determined pursuant to the terms of the JPMorgan Swap Transaction. Neither Telenor
East Holding nor any of the other Reporting Persons will have any voting power with respect to any
JPMorgan Underlying ADRs, and Telenor East Holding and each of the other Reporting Persons disclaim
beneficial ownership of any such securities. In addition, neither Telenor East Holding nor any of
the other Reporting Persons will have the right or ability to direct JPMorgan in connection with
the disposition of any of the JPMorgan Underlying ADRs.
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Reporting Persons may, from time to time, and reserve the right to, change their
plans or intentions and to take any and all actions that they deem appropriate to maximize the
value of their investment in VimpelCom Ltd. In order to maximize the value of their investment in
VimpelCom Ltd., the Reporting Persons may, from time to time, consider, evaluate or propose various
possible transactions involving VimpelCom Ltd. or its subsidiaries or affiliates, which could
include, among other things:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;the possible acquisition of additional securities of VimpelCom Ltd. from time to time
in the open market, in privately negotiated transactions or otherwise, including, without
limitation, through entry into and exercise of call options or other derivative transactions;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;the possible acquisition or disposition of debt securities or other debt instruments
of third parties, in each case, that are secured by, convertible into or exchangeable for
securities of VimpelCom Ltd., and the enforcement of any such security interest or the exercise of
any such exchange or conversion right;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;the possible disposition or exchange of any securities of VimpelCom Ltd. owned by
them;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)&nbsp;possible extraordinary corporate transactions (such as a merger, consolidation,
reorganization or restructuring) involving VimpelCom Ltd. or any of its subsidiaries, including
with other telecommunication companies that may be affiliated with the Reporting Persons;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)&nbsp;making or seeking to make changes in or affecting the Board of Directors or
management of VimpelCom Ltd.;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi)&nbsp;in addition to ongoing litigation and arbitration proceedings previously described
in this Statement, possible litigation or arbitration involving VimpelCom Ltd., its Board of
Directors and/or its management and/or Altimo Holdings &#038; Investments Ltd. and its affiliates;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii)&nbsp;in addition to the Swap Transaction previously described in this Statement and the
JPMorgan Swap Transaction described herein, entering into and unwinding
derivative transactions with respect to the securities of VimpelCom Ltd.; or
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii)&nbsp;soliciting the votes of VimpelCom Ltd.&#146;s shareholders in relation to any annual or
extraordinary general meeting of shareholders of VimpelCom Ltd.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Reporting Persons may also, from time to time, formulate other plans or proposals
regarding VimpelCom Ltd. or its securities to the extent deemed advisable in light of market
conditions, subsequent developments affecting VimpelCom Ltd., the general business and future
prospects of VimpelCom Ltd., tax considerations, or other factors.
</DIV>





<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The preceding summaries of the JPMorgan Swap Transaction and the JPMorgan Guarantee
are not intended to be complete and are qualified in their entirety by reference to the full text
of the JPMorgan Swap Transaction and the JPMorgan Guarantee, conformed copies of which
are attached hereto as Exhibit 99.2 and 99.3, respectively, and incorporated herein by
reference.
</div>


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#U11394toc">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">




<!-- link2 "Item 6.  Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer" -->
<DIV align="left"><A NAME="U11394003"></A></DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item 6.  <U>Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer</u></b></div>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
described in Item&nbsp;4 hereof, on July 22, 2011, Telenor East Holding and JPMorgan
entered into the JPMorgan Swap Transaction, and Telenor ASA and JPMorgan entered into the JPMorgan Guarantee.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition to the Swap Transaction
previously described in this Statement and the JPMorgan
Swap Transaction described herein, the Reporting Persons may, from time to time,
enter into and unwind cash settled equity swap or other similar derivative transactions with
respect to the securities of VimpelCom Ltd., which transactions may be significant in amount. These
arrangements do not and will not give the Reporting Persons voting or investment control over the
securities of VimpelCom Ltd. to which these transactions relate and, accordingly, the Reporting
Persons disclaim beneficial ownership of any such securities.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except as provided in the documents described herein, none of the Reporting Persons, and to the
best of each Reporting Person&#146;s knowledge, none of the individuals named in Item&nbsp;2 hereof has
entered into any contracts, arrangements, understandings or relationships (legal or otherwise) with
any person with respect to any securities of VimpelCom Ltd., including, but not limited to,
transfer or voting of any securities, finder&#146;s fees, joint ventures, loan or option arrangement,
puts or calls, guarantees of profits, division of profits or losses, or the giving or withholding
of proxies.
</DIV>




<!-- link2 "Item&nbsp;7. Material to be Filed as Exhibits" -->
<DIV align="left"><A NAME="U11394004"></A></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;7. <U>Material to be Filed as Exhibits</U></B>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">99.1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Statement of Telenor ASA, dated July 22, 2011, filed with Oslo Stock Exchange</TD>
</TR>
<TR valign="bottom" style="font-size: 6pt"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">99.2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Confirmation, dated July 22, 2011, between J.P. Morgan Securities Ltd. and Telenor East Holding II AS</TD>
</TR>
<TR valign="bottom" style="font-size: 6pt"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">99.3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Guarantee Agreement, dated July 22, 2011, between Telenor ASA and J.P. Morgan Securities Ltd.</TD>
</TR>
</TABLE>
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#U11394toc">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="U11394005"></A></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">SIGNATURES
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;After reasonable inquiry and to the best of my knowledge and belief, I certify that the information
set forth in this Statement on Schedule&nbsp;13D is true, complete and correct and that
such Statement, as amended hereby, is true, complete and correct.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Dated:
July 22,  2011
</DIV>






<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">TELENOR EAST HOLDING II AS<BR>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By&nbsp;&nbsp;</TD>

<TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Bj&#248;rn Hogstad&nbsp;</TD>

    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Bj&#248;rn Hogstad&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Attorney-in-fact&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">TELENOR MOBILE HOLDING AS<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By&nbsp;&nbsp;</TD>

<TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Bj&#248;rn Hogstad&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Bj&#248;rn Hogstad&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Attorney-in-fact&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>



<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">TELENOR ASA<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>

    <TD align="left">&nbsp;</TD>
    <TD valign="top">By&nbsp;&nbsp;</TD>

<TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Bj&#248;rn Hogstad&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Bj&#248;rn Hogstad&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Attorney-in-fact&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>



<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">TELENOR MOBILE COMMUNICATIONS AS</TD>
    <TD>&nbsp;</TD>
</TR>

<TR>
   <TD style="font-size: 10pt">&nbsp;</TD>
</TR>

<TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By&nbsp;&nbsp;</TD>

<TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Bj&#248;rn Hogstad&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Bj&#248;rn Hogstad&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Attorney-in-fact&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>



<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">TELENOR EAST INVEST AS</TD>
    <TD>&nbsp;</TD>
</TR>

<TR>
   <TD style="font-size: 10pt">&nbsp;</TD>
</TR>

<TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By&nbsp;&nbsp;</TD>

<TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Bj&#248;rn Hogstad&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Bj&#248;rn Hogstad&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Attorney-in-fact&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>




</TABLE>



<P align="center" style="font-size: 10pt">&nbsp;
</DIV>


</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>u11394exv99w1.htm
<DESCRIPTION>EX-99.1 - STATEMENT
<TEXT>
<HTML>
<HEAD>
<TITLE>exv99w1</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="right" style="font-size: 10pt; margin-top: 18pt"><B>Exhibit 99.1</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Telenor Enters into Cash-Settled Total Return Swap in respect of VimpelCom Ltd. ADRs</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(Fornebu, Norway &#151; 22 July 2011) Telenor today entered into a
cash-settled total return swap (TRS) in respect of up to 40,000,000 VimpelCom Ltd. ADRs (each representing one VimpelCom common
share) with J.P. Morgan Securities Ltd.  &#147;At the current levels at which they are trading, we believe VimpelCom&#146;s ADRs represent
attractive value, and Telenor has decided to increase its economic exposure to the securities,&#148; said Richard Olav Aa, Executive
Vice President and CFO.
</DIV>




<P align="center" style="font-size: 10pt">&nbsp;
</DIV>


</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>u11394exv99w2.htm
<DESCRIPTION>EX-99.2 - CONFIRMATION
<TEXT>
<HTML>
<HEAD>
<TITLE>exv99w2</TITLE>
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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit&nbsp;99.2</B><BR>
Conformed Copy
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="28%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="70%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Date:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">July&nbsp;22, 2011</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">To:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Telenor East Holding II AS (&#147;<B>Counterparty</B>&#148;)</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Telephone No.:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Redacted</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Facsimile No.:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Redacted</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Attention:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Redacted</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">From:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">J.P. Morgan Securities Ltd. (&#147;<B>Bank</B>&#148;)</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Telephone No.:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Redacted</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Facsimile No.:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Redacted</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Attention:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Redacted</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Bank Reference Number:
</DIV></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Subject:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Total Return Swap Transaction</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Dear Sirs:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The purpose of this letter agreement, to be supplemented by a written pricing supplement
substantially in the form of Exhibit&nbsp;A hereto (the &#147;<B>Pricing Supplement</B>&#148;, and this letter agreement
as so supplemented, the &#147;<B>Confirmation</B>&#148;), is to confirm the terms and conditions applicable to the
transaction (the &#147;<B>Transaction</B>&#148;) to be entered into between Bank and Counterparty on the Trade Date
specified below. This letter agreement, together with the Pricing Supplement for the Transaction,
constitutes a &#147;Confirmation&#148; as referred to in the ISDA Master Agreement specified below. This
Confirmation shall replace any previous agreement with respect to the Transaction and serve as the
final documentation for this Transaction.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">1. This Confirmation supplements, forms a part of, and is subject to, the ISDA Master Agreement
dated as of July&nbsp;22, 2011 as amended and supplemented from time to time (the &#147;<B>Agreement</B>&#148;), between
Bank and Counterparty. All provisions contained in the Agreement govern this Confirmation except as
expressly modified below. In the event of any inconsistency between provisions of the Agreement and
this Confirmation, this Confirmation will prevail for the purpose of the Transaction.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The definitions and provisions contained in the 2006 ISDA Definitions (the &#147;<B>Swap Definitions</B>&#148;) and
in the 2002 ISDA Equity Derivatives Definitions (the &#147;<B>Equity Definitions</B>&#148;, and together with the
Swap Definitions, the &#147;<B>Definitions</B>&#148;), in each case as published by the International Swaps and
Derivatives Association, Inc., are incorporated into this Confirmation. In the event of any
inconsistency between the Swap Definitions and the Equity Definitions, the Equity Definitions will
govern. In the event of any inconsistency between either set of Definitions and this Confirmation,
this Confirmation will govern.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">2. The terms of the Transaction to which this Confirmation relates are as follows:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>General Terms:</B>
</DIV>

<DIV align="right">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="98%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="32%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="65%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Trade Date:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">July&nbsp;22, 2011</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Effective Date:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The Trade Date.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Termination Date:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">For the Transaction or any Tranche, the
Cash Settlement Payment Date for the
Transaction or such Tranche.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Shares:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">VimpelCom American Depositary Receipts
(Bloomberg: VIP; ISIN: US92719A1060)
(&#147;<B>ADRs</B>&#148;), each representing one (1)
Underlying Share.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Underlying Shares:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Common shares, USD 0.001 nominal value
per share, of Underlying Shares Issuer.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->Page 1 of 27<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="right">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="98%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="32%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="65%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Underlying Shares Issuer:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">VimpelCom Ltd., an exempted company
limited by shares registered in
Bermuda.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Number of Shares:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">With respect to the Transaction or any
Tranche, the number of Shares
representing the total accumulated
Hedge Positions established by Bank (or
an affiliate of Bank) with respect to
the Transaction or such Tranche during
the Hedging Period.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">For the avoidance of doubt, all
references to &#147;Number of Shares&#148; herein
are references to numbers of Shares and
not numbers of the Underlying Shares.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Maximum Number of Shares:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">40,000,000 Shares</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Equity Notional Amount:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">With respect to the Transaction or any
Tranche, the amount set forth as such
in the Pricing Supplement, to be the
product of (i)&nbsp;the Initial Price and
(ii)&nbsp;the Number of Shares for the
Transaction or such Tranche; <I>provided</I>
that:</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px">(i)&nbsp;&nbsp;&nbsp;prior to the date that is one
Settlement Cycle following the Hedging
Period Start Date, the Equity Notional
Amount shall be zero; and</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px">(ii)&nbsp; for any day during the period
from, and including, the date that is
one Settlement Cycle following the
Hedging Period Start Date, to, but
excluding, the date that is one
Settlement Cycle following the Hedging
Period Completion Date, the Equity
Notional Amount for the Transaction or
such Tranche shall equal (x)&nbsp;the number
of Shares representing the total
accumulated Hedge Positions established
by Bank (or an affiliate of Bank) with
respect to the Transaction or such
Tranche during the Hedging Period on or
prior to the date that is one
Settlement Cycle prior to such day of
determination <I>multiplied by </I>(y)&nbsp;the
average of the VWAP Prices for the
Exchange Business Days that are not
Disrupted Days in full in the Hedging
Period elapsed up to, and including,
the date that is one Settlement Cycle
prior to such day of determination,
weighted by the Calculation Agent to
adjust for the Hedge Positions
purchased by Bank on each such Exchange
Business Day, subject to &#147;Hedging and
Valuation Disruption&#148; below.</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Structuring Fee:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The amount set forth as such in the
Pricing Supplement, to be an amount in
USD equal to the product of (i)&nbsp;0.10%
and (ii)&nbsp;the Equity Notional Amount for
the Transaction.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Counterparty shall pay the Structuring
Fee to Bank on the third Currency
Business Day following the date on
which Bank delivers the Pricing
Supplement.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Exchange:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">New York Stock Exchange.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Related Exchange(s):
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">All Exchanges.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="right" style="font-size: 10pt"><!-- Folio -->Page 2 of 27<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="right">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="98%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="32%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="65%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Business Days:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">New York, London and Oslo.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Business Day Convention
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Following.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Calculation Agent:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Bank; <I>provided </I>that all determinations
made by the Calculation Agent shall be
made in good faith and in a
commercially reasonable manner.
Following any calculation or
determination by the Calculation Agent
hereunder, upon Counterparty&#146;s written
request, the Calculation Agent shall
provide to Counterparty a report (in a
commonly used file format for the
storage and manipulation of financial
data) displaying in reasonable detail
the basis for such calculation or
determination.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Equity Amounts Payable by the Equity Amount Payer:</B>
</DIV>

<DIV align="right">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="98%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="32%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="65%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Equity Amount Payer:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Bank.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Type of Return:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Total Return.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Equity Notional Reset:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Not Applicable.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Establishment of Transaction:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">During the Hedging Period,
subject to the provisions
opposite the caption &#147;Hedge
Positions&#148; below and other
provisions hereof, Bank (or an
affiliate of Bank) shall have
sole discretion with respect to
the composition of its Hedge
Positions with respect to the
Transaction and whether and how
such composition relates to the
Shares underlying the
Transaction; <I>provided </I>that, (i)
during the Hedging Period,
Counterparty may terminate the
establishment of the
Transaction by written
termination notice (the &#147;<B>Stop
Notice</B>&#148;), containing the
representations and warranties
in Section&nbsp;3(b) of this
Confirmation made as of the
time of such Stop Notice, and
(ii)(x) if such Stop Notice is
received by Bank prior to 8:30
a.m., New York City time, on
any Scheduled Trading Day, the
Hedging Period Completion Date
for the Transaction will be the
Exchange Business Day
immediately preceding such
Scheduled Trading Day, or (y)
if such Stop Notice is received
by Bank on or after 8:30 a.m.,
New York City time, on any
Scheduled Trading Day, the
Hedging Period Completion Date
for the Transaction will be the
date on which the Stop Notice
is received by Bank.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Promptly following the
conclusion of the Hedging
Period, Bank shall deliver to
Counterparty the Pricing
Supplement for the Transaction
specifying the Hedging Period
Completion Date, the Initial
Price, the Number of Shares and
the Equity Notional Amount for
the Transaction and the Hedge
Unwind Commencement Date,
Number of Shares and Equity
Notional Amount for each
Tranche of the Transaction, if
any.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Tranche:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Bank, in Bank&#146;s sole
discretion, may establish the
Transaction in Tranches,
designated with the Number of
Shares for each such Tranche
being equal to the aggregate
Hedge Positions established for
such Tranche during the Hedging
Period, such that the Number of
Shares for each such Tranche
would not exceed 13.32&nbsp;million
Shares (such number of Shares
to be adjusted by the
Calculation Agent in case of a
stock dividend, a stock split,
a reverse stock split, a</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="right" style="font-size: 10pt"><!-- Folio -->Page 3 of 27<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="right">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="98%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="32%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="65%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">stock
combination or a similar
event); <I>provided </I>that the
aggregate Number of Shares for
all Tranches outstanding at any
time shall not exceed the
Maximum Number of Shares
subject to adjustment as set
forth herein.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Hedge Positions:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Any purchase, sale, entry into
or maintenance of one or more
(i)&nbsp;positions or contracts in
Shares, Underlying Shares,
other securities, options,
futures, derivatives or foreign
exchange, (ii)&nbsp;stock loan
transactions or (iii)&nbsp;other
instruments or arrangements
(howsoever described) by a
party in order to hedge,
individually or on a portfolio
basis, the Transaction. For
the avoidance of doubt, Bank
(and any affiliate of Bank)
shall have sole discretion with
respect to the composition of
its Hedge Positions for the
Transaction and whether and how
such composition relates to the
Shares underlying the
Transaction.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Hedging Period:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The period beginning on, and
including the Hedging Period
Start Date and ending on, and
including, the Hedging Period
Completion Date.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Hedging Period Start Date:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The first Exchange Business Day
that is not a Disrupted Day in
full immediately following the
Effective Date.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Hedging Period Completion Date:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The Exchange Business Day
specified as such by Bank, in
its sole discretion, in the
Pricing Supplement; <I>provided</I>
that, if Bank has received the
Stop Notice as provided above,
the Hedge Period Completion
Date shall be the date
determined pursuant to the
proviso to the first paragraph
opposite the caption
&#147;Establishment of Transaction&#148;.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Initial Price:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The average of the VWAP Prices
on each Exchange Business Day
that is not a Disrupted Day in
full during the Hedging Period,
weighted by the Calculation
Agent to adjust for the Hedge
Positions purchased by Bank on
each such Exchange Business
Day. For the avoidance of
doubt, the Initial Price shall
exclude any element of the
volume-weighted average price
per Share that may be
attributed to any auction that
occurs on any Exchange Business
Day.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">VWAP Price:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">For any Exchange Business Day
that is not a Disrupted Day in
full, the per Share
volume-weighted average price
as displayed under the heading
&#147;Bloomberg VWAP&#148; on Bloomberg
page &#147;VIP.US &#060;equity&#062;
AQR&#148; (or any successor thereto)
in respect of the period from
the scheduled opening time of
the Exchange to the Scheduled
Closing Time on such Exchange
Business Day (or if such
volume-weighted average price
is unavailable, the market
value of one Share on such
Exchange Business Day, as
determined by the Calculation
Agent using a volume-weighted
method), subject to &#147;Hedging
and Valuation Disruption&#148;
below; <I>provided </I>that, the
Calculation Agent may, in its
sole reasonable discretion,
exclude any element of the
volume-weighted average price
per Share that may be
attributed to any block trade
that occurs on any Exchange
Business Day for purposes of
determining the VWAP Price for
such Exchange Business Day.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Unwind of Transaction:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">On and after the Hedge Unwind
Commencement Date has</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="right" style="font-size: 10pt"><!-- Folio -->Page 4 of 27<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="right">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="98%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="32%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="65%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">occurred
with respect to the Transaction
or any Tranche, Bank (or an
affiliate of Bank) shall have
sole discretion with respect to
the unwind of its Hedge
Positions for the Transaction
or such Tranche during the
Hedge Unwind Period for the
Transaction or such Tranche;
<I>provided </I>that, if Bank (or an
affiliate of Bank) determines
in its sole discretion that it
is unable to effect an unwind
of its Hedge Positions for the
Transaction or a Tranche in an
amount equal to the Number of
Shares for the Transaction or
such Tranche during the Hedge
Unwind Period for the
Transaction or such Tranche
because such unwind would not
comply with, or be advisable in
light of, any applicable laws,
regulations or internal
policies and procedures of Bank
(or an affiliate of Bank), Bank
(i)&nbsp;shall reduce the Number of
Shares for such Tranche (or, if
there are no Tranches, deem the
Transaction to be a Tranche and
reduce the Number of Shares for
such deemed Tranche) and make a
corresponding increase in the
Number of Shares for the next
succeeding Tranche (or, in the
case of the last Tranche or a
deemed Tranche, establish a new
Tranche with a Number of Shares
equal to such reduction and a
Hedge Unwind Commencement date
determined by Bank) and (ii)
may deem the last day of the
Hedge Unwind Period for such
Tranche or deemed Tranche to be
a Disrupted Day.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Hedge Unwind Period:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">For the Transaction or any
Tranche, the period beginning
on, and including, the Hedge
Unwind Commencement Date for
the Transaction or such Tranche
and ending on, and including,
the Hedge Unwind Completion
Date for the Transaction or
such Tranche.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Hedge Unwind Commencement Date:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">For the Transaction or for any
Tranche, the date(s) specified
as such in the Pricing
Supplement; <I>provided </I>that, (i)
the Hedge Unwind Commencement
Date specified in the Pricing
Supplement for the Transaction
or the first Tranche shall be
the date that is the second
anniversary of the Hedging
Period Completion Date and (ii)
the Hedge Unwind Commencement
Date specified in the Pricing
Supplement for any subsequent
Tranche shall be a date
occurring at least three months
but not more than five months
following the Hedge Unwind
Commencement Date for the
preceding Tranche.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Hedge Unwind Completion Date:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">For the Transaction or any
Tranche, the Exchange Business
Day specified as such for the
Transaction or such Tranche by
Bank, in its sole discretion,
by delivering a notice
designating such Exchange
Business Day as the Hedge
Unwind Completion Date for the
Transaction or such Tranche by
5:00 p.m., New York City time,
on the first Exchange Business
Day that is not a Disrupted Day
in full immediately following
such specified Exchange
Business Day; <I>provided </I>that,
the Hedge Unwind Completion
Date for any Tranche shall
occur prior to the Hedge Unwind
Commencement Date for the next
succeeding Tranche.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Hedge Unwind Reference Period:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The period beginning on the
date three months immediately
preceding the Hedge Unwind
Commencement Date for the
Transaction or the first
Tranche and ending on the Hedge
Unwind Completion Date for the
Transaction or the last
Tranche.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="right" style="font-size: 10pt"><!-- Folio -->Page 5 of 27<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="right">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="98%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="32%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="65%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Final Price:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">With respect to the Transaction
or any Tranche, the average of
the VWAP Prices on each
Exchange Business Day that is
not a Disrupted Day in full
during the Hedge Unwind Period
for the Transaction or such
Tranche, weighted by the
Calculation Agent to adjust for
the Hedge Positions unwound by
Bank on each such Exchange
Business Day. For the
avoidance of doubt, the Final
Price shall exclude any element
of the volume-weighted average
price per Share that may be
attributed to any auction that
occurs on any Exchange Business
Day.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Valuation Date:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">With respect to the Transaction
or any Tranche, the last
Exchange Business Day that is
not a Disrupted Day in full
during the Hedge Unwind Period
for the Transaction or such
Tranche.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Market Disruption Event:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;6.3(a) of the Equity
Definitions is hereby amended
by replacing clauses (ii)&nbsp;and
(iii)&nbsp;in their entirety with
&#147;(ii) an Exchange Disruption,
(iii)&nbsp;an Early Closure or (iv)
a Regulatory Disruption; in
each case that the Calculation
Agent determines is material.&#148;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Regulatory Disruption:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Any event that Bank, in its
sole discretion, determines
makes it appropriate, with
respect to any legal,
regulatory or self-regulatory
requirements or related
policies and procedures, for
Bank (or an affiliate of Bank)
to refrain from or decrease any
market activity in connection
with the Transaction. Bank
shall notify Counterparty as
soon as reasonably practicable
that a Regulatory Disruption
has occurred and the Hedging
Period, Hedge Unwind Period
and/or other date of valuation
affected by it.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Hedging and Valuation Disruption:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Notwithstanding anything to the
contrary in the Equity
Definitions, to the extent that
a Disrupted Day occurs during
the Hedging Period or any Hedge
Unwind Period or on any other
date of valuation and to the
extent the Calculation Agent
determines, in its sole
discretion, that such
disruption is applicable to the
relevant valuation, (i)&nbsp;the
Calculation Agent may, in its
good faith and commercially
reasonable discretion, extend
such Hedging Period or such
Hedge Unwind Period (and
postpone the Hedging Period
Completion Date, any Valuation
Date, any Termination Date and
the next succeeding Hedge
Unwind Commencement Date, if
any) by one Scheduled Trading
Day for each such Disrupted
Day, and (ii)&nbsp;if such Disrupted
Day is a Disrupted Day because
of a Market Disruption Event
(or a deemed Market Disruption
Event as provided herein), the
Calculation Agent shall
determine whether (A)&nbsp;such
Disrupted Day is a Disrupted
Day in full, in which case any
transactions that Bank (or an
affiliate of Bank) (or any
counterparty to a Hedge
Position with Bank (or an
affiliate of Bank), if
applicable) effects on such
Disrupted Day shall not be used
for purposes of determining the
Initial Price or the Final
Price, as the case may be, or
(B)&nbsp;such Disrupted Day is a
Disrupted Day only in part, in
which case the VWAP Price shall
be determined by the
Calculation Agent based on the
transactions in the Shares on
such Disrupted Day effected
before the relevant Market
Disruption Event occurred
and/or after the relevant
Market Disruption Event ended,
and the weighting of the VWAP
Price for the relevant Exchange</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="right" style="font-size: 10pt"><!-- Folio -->Page 6 of 27<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="right">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="98%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="32%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="65%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Business Day(s) during the
Hedging Period or any Hedge
Unwind Period, as the case may
be, shall be adjusted in a
commercially reasonable manner
by the Calculation Agent for
purposes of determining the
Initial Price or the Final
Price, as the case may be, with
such adjustments based on,
among other factors, the
duration of any Market
Disruption Event and the
volume, historical trading
patterns and price of the
Shares. Any Scheduled Trading
Day on which the Exchange is
scheduled to close prior to its
normal close of trading shall
be deemed to be a Disrupted Day
in full.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">If a Disrupted Day occurs
during the Hedging Period or
any Hedge Unwind Period, as the
case may be, and each of the
nine (9)&nbsp;immediately following
Scheduled Trading Days is a
Disrupted Day in full, then the
Calculation Agent, in its good
faith and commercially
reasonable discretion, may, to
the extent the Calculation
Agent determines, in its sole
discretion, that such
disruption is applicable to the
relevant valuation on each such
Disrupted Day, deem such ninth
(9<SUP style="FONT-size: 85%; vertical-align: text-top">th</SUP>) Scheduled
Trading Day to be an Exchange
Business Day that is not a
Disrupted Day in full and
determine the VWAP Price for
such Scheduled Trading Day
using its good faith estimate
of the value of the Shares on
such Scheduled Trading Day
based on the volume, historical
trading patterns and price of
the Shares and such other
factors as it deems
appropriate.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Equity Amount:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">For the Transaction or any
Tranche, in respect of each
Cash Settlement Payment Date
and an Equity Amount Payer, an
amount, determined by the
Calculation Agent, equal to the
product of the Equity Notional
Amount for the Transaction or
such Tranche and the Rate of
Return for the Transaction or
such Tranche, as of the
Valuation Time on the Valuation
Date for the Transaction or
such Tranche to which the Cash
Settlement Payment Date
relates.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Floating Amounts Payable by the Floating Amount Payer:</B>
</DIV>

<DIV align="right">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="98%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="32%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="65%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Floating Amount Payer:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Counterparty</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Notional Amount:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">For the Transaction or for any
Tranche, the Equity Notional
Amount for such Transaction or
Tranche; <I>provided </I>that, for any
Calculation Period that occurs
in whole or in part prior to
the date that is one Settlement
Cycle following the Hedging
Period Completion Date, the
Notional Amount for the
Transaction or such Tranche
shall be the aggregate of the
Equity Notional Amounts for the
Transaction or such Tranche for
each day in such Calculation
Period <I>divided by </I>the actual
number of days in such
Calculation Period.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Payment Date:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">For the Transaction or any
Tranche, the third
(3<SUP style="FONT-size: 85%; vertical-align: text-top">rd</SUP>) Currency
Business Day immediately
following (i)&nbsp;each date
occurring successively three
calendar months after each
Reset Date, subject, in each
case, to adjustment in
accordance with the Modified
Following Business Day
Convention and (ii)&nbsp;the
Valuation Date for the
Transaction or such Tranche.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Floating Rate Option:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">USD-LIBOR-BBA</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Designated Maturity:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Three months; <I>provided </I>that Linear
Interpolation shall apply</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="right" style="font-size: 10pt"><!-- Folio -->Page 7 of 27<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="right">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="98%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="32%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="65%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">with
respect to the final
Calculation Period for any
Tranche to the extent that such
Calculation Period is shorter
than three months.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Spread:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">0.95%</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Floating Rate Day Count Fraction:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Act/360</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Reset Dates:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">With respect to the Transaction
or any Tranche, each of (i)&nbsp;the
Effective Date and (ii)&nbsp;if the
Transaction or such Tranche is
not previously terminated, each
date occurring successively
three calendar months
thereafter, subject, in each
case, to adjustment in
accordance with the Modified
Following Business Day
Convention.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Settlement Terms:</B>
</DIV>

<DIV align="right">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="98%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="32%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="65%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Cash Settlement:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Applicable.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Settlement Currency:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">USD.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Cash Settlement Payment Dates:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">With respect to the Transaction or
any Tranche, the third
(3<SUP style="FONT-size: 85%; vertical-align: text-top">rd</SUP>) Currency Business
Day immediately following the
Valuation Date for the Transaction
or such Tranche.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Settlement Method Election:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Not Applicable.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Dividends:</B>
</DIV>

<DIV align="right">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="98%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="32%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="65%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Dividend Period:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Second Period.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Dividend Amount:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The Paid Amount (converted into the
Settlement Currency at the exchange
rate specified on the relevant
receipt date as determined by Bank)
for a dividend with an ex-dividend
date occurring during the period
from, but excluding, the Hedging
Period Start Date to, and including,
the last Valuation Date with respect
to the Number of Shares <I>less </I>(i)&nbsp;any
fees and/or expenses of the
Depositary and (ii)&nbsp;any withholding
or deduction of taxes at the source
by or on behalf of any applicable
authority having power to tax in
respect of such a dividend (including
without limitation any withholding or
deduction that would apply if the
holder of Shares or the Underling
Shares were a tax resident in Norway
or the United Kingdom) (which, if the
Paid Amount were to be paid on the
Trade Date, would have resulted in a
15% withholding), whether by
Underlying Shares Issuer, the
Depositary or otherwise, as
determined by the Calculation Agent;
<I>provided </I>that, the Calculation Agent
shall make an appropriate reduction
to such Number of Shares if such
ex-dividend date occurs (i)&nbsp;on or
prior to the Hedging Period
Completion Date or (ii)&nbsp;following the
Hedge Unwind Commencement Date for
the Transaction or the first Tranche,
in each case, taking into account
Bank&#146;s Hedge Positions; <I>provided</I>,
<I>further </I>that, following a Dividend
Payment Date, Bank will use
commercially reasonable efforts to
seek to reclaim any portion of the
withholding or deduction with respect
to the related Dividend Amount on its
Hedge Positions, and if successful,
Bank will pay such reclaimed portion
to Counterparty on the second
Currency Business Day following the
date on which Bank (or an affiliate
of Bank) actually receives such
reclaimed portion.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="right" style="font-size: 10pt"><!-- Folio -->Page 8 of 27<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="right">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="98%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="32%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="65%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Paid Amount:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;10.1(c) of the Equity
Definitions is hereby amended by
inserting the words &#147;Depositary on
behalf of the&#148; before the word
&#147;Issuer&#148; in the second line thereof.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Dividend Payment Dates:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The second Currency Business Day
following each date on which Bank (or
an affiliate of Bank) actually
receives the Dividend Amount.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Re-investment of Dividends:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Not Applicable.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Adjustments:</B>
</DIV>

<DIV align="right">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="98%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="32%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="65%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Method of Adjustment :
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Calculation Agent Adjustment; <I>provided</I>
that any distributions with respect to the
Shares other than in the form of other
Shares or any distributions with respect
to the Underlying Shares other than in the
form of other Underlying Shares will
result in delivery by Bank to the
Counterparty of a number of securities
distributed with respect to one Underlying
Share <I>multiplied by </I>the number of
Underlying Shares represented by the
Number of Shares, in each case, (i)&nbsp;other
than distributions to which the provisions
under &#147;Dividends&#148; above apply and (ii)
less (x)&nbsp;any fees and/or expenses of the
Depositary and (y)&nbsp;any withholding or
deduction of taxes at the source by or on
behalf of any applicable authority having
power to tax in respect of such a dividend
(including without limitation any
withholding or deduction that would apply
if the holder of Shares or the Underling
Shares were a tax resident in Norway, the
United Kingdom or United States of
America), whether by Underlying Shares
Issuer, the Depositary or otherwise, as
determined by the Calculation Agent.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Extraordinary Events:</B>
</DIV>

<DIV align="right">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="98%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="32%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="65%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Consequences of Merger Events:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:20px; text-indent:-0px">Share-for-Share:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Modified Calculation Agent Adjustment.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:20px; text-indent:-0px">Share-for-Other:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Modified Calculation Agent Adjustment.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:20px; text-indent:-0px">Share-for-Combined:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Modified Calculation Agent Adjustment.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:20px; text-indent:-0px">Determining Party:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Calculation Agent.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Tender Offer:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Applicable.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Consequences of Tender Offers:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:20px; text-indent:-0px">Share-for-Share:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Modified Calculation Agent Adjustment.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:20px; text-indent:-0px">Share-for-Other:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Modified Calculation Agent Adjustment.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:20px; text-indent:-0px">Share-for-Combined:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Modified Calculation Agent Adjustment.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:20px; text-indent:-0px">Determining Party:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Calculation Agent.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="right" style="font-size: 10pt"><!-- Folio -->Page 9 of 27<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="right">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="98%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="32%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="65%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Composition of Combined
Consideration:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Not Applicable; <I>provided </I>that,
notwithstanding Sections&nbsp;12.1(f) and
12.5(b) of the Equity Definitions, to
the extent that the composition of
the consideration for the relevant
Shares pursuant to a Tender Offer or
Merger Event could be determined by a
holder of the Shares or Underlying
Shares, as appropriate, the
Calculation Agent will, in its sole
discretion, determine such
composition.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">New Shares:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;12.1(i) of the Equity
Definitions is hereby amended by
deleting the text in clause (i)
thereof in its entirety (including
the word &#147;and&#148; following clause (i))
and replacing it with the phrase
&#147;publicly quoted, traded or listed
(or whose related depositary receipts
are publicly quoted, traded or
listed) on any of the New York Stock
Exchange, The NASDAQ Global Select
Market or The NASDAQ Global Market
(or their respective successors)&#148;.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Nationalization, Insolvency or
Delisting:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Cancellation and Payment (Calculation
Agent Determination); <I>provided </I>that,
in addition to the provisions of
Section&nbsp;12.6(a)(iii) of the Equity
Definitions, it will also constitute
a Delisting if the Exchange is
located in the United States and the
Shares are not immediately re-listed,
re-traded or re-quoted on any of the
New York Stock Exchange, The NASDAQ
Global Select Market or The NASDAQ
Global Market (or their respective
successors); if the Shares are
immediately re-listed, re-traded or
re-quoted on any of the New York
Stock Exchange, The NASDAQ Global
Select Market or The NASDAQ Global
Market (or their respective
successors), such exchange or
quotation system shall thereafter be
deemed to be the Exchange.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Determining Party:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Calculation Agent.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Additional Disruption Events:</B>
</DIV>

<DIV align="right">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="99%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="33%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="64%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Change in Law:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Applicable; <I>provided </I>that (i)
Section&nbsp;12.9(a)(ii) of the
Equity Definitions is hereby
amended by replacing the
parenthetical beginning after
the word &#147;regulation&#148; in the
second line thereof with the
words &#147;(including, for the
avoidance of doubt and without
limitation, (x)&nbsp;any tax law or
(y)&nbsp;adoption or promulgation
of new regulations authorized
or mandated by existing
statute)&#148; and (ii)&nbsp;Section
12.9(a)(ii)(X) of the Equity
Definitions is hereby amended
by adding the phrase &#147;and/or
Hedge Positions&#148; immediately
following the word &#147;Shares&#148;.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Insolvency Filing:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Applicable.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Hedging Disruption:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Applicable.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Increased Cost of Hedging:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Applicable.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Hedging Party:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Bank</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Determining Party:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Calculation Agent.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Acknowledgements:</B>
</DIV>

<DIV align="right">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="99%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="33%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="64%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Non-Reliance:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Applicable.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="right" style="font-size: 10pt"><!-- Folio -->Page 10 of 27<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="right">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="99%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="33%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="64%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Agreements and Acknowledgements
Regarding Hedging Activities:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Applicable. For the avoidance
of doubt, Counterparty
acknowledges that Bank (or an
affiliate of Bank) may, in its
sole discretion, enter into
one or more hedging
transactions to hedge its
exposure in connection with
the Transaction but is under
no obligation to do so. To
the extent Bank (or an
affiliate of Bank) does at any
time acquire any Shares or
Underlying Shares to hedge its
position under the
Transaction, Counterparty
acknowledges that (i)&nbsp;it and
its affiliates will have no
economic or other interest or
rights, including, without
limitation any voting rights
in connection with any Shares,
Underlying Shares and/or Hedge
Positions held by Bank (or an
affiliate of Bank) at any time
and (ii)&nbsp;it and its affiliates
will have no right or ability
to direct Bank (or an
affiliate of Bank) in
connection with the
disposition of any Shares,
Underlying Shares and/or Hedge
Positions.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Additional Acknowledgements:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Applicable.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>General/Additional Provisions:</B>
</DIV>

<DIV align="right">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="99%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="35%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="60%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top">Governing Law:</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">English law.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">Termination Currency:</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">US Dollars (&#147;<B>USD</B>&#148;).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">Guarantee:</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">On the Trade Date, Counterparty shall deliver to Bank
a guarantee agreement, substantially in the form set
forth in <u>Annex A</u>, executed by Telenor ASA.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">Notices:</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">Contact details for Counterparty for purpose of
giving notice:</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Name:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Telenor East Holding II AS</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Attn: Redacted</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Tel:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Redacted</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Fax:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Redacted</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">Contact details for Bank for purpose of giving notice:</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Name:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">J.P. Morgan Securities Ltd.</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Attn: Redacted</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Tel:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Redacted</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Fax:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Redacted</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">Offices:</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">Bank is acting through its London Office, and
Counterparty is acting through its Oslo Office.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">Account Details:</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">Payments to Counterparty:</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Telenor East Holding II AS</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Account Number: Redacted</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Swift Code: Redacted</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">IBAN: Redacted</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">Payments to Bank:</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">J.P.Morgan Chase Bank N.A., New York</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Account Number: Redacted</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Swift Code: Redacted</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">In favour of: Redacted</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="right" style="font-size: 10pt"><!-- Folio -->Page 11 of 27<!-- /Folio -->
</DIV>



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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="27%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="68%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Unwind Provision:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">If for any reason Bank (or an affiliate of Bank) has not
established a Hedge Position
with respect to at least one Share on or prior
to the date that is four weeks
following the Trade Date, either party may
deliver a notice to the other party terminating
the Transaction, and no
further payments shall be due by either party,
except for any payments pursuant to the
indemnity provisions set out in Section&nbsp;4 of
this Confirmation that shall survive any such
termination in accordance with such Section&nbsp;4.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">3. <B>Representations, Warranties and Agreements</B>.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;In connection with this Confirmation and any other documentation relating to the
Agreement, each party to this Confirmation represents and acknowledges to the other party on the
date hereof that:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) it is an &#147;accredited investor&#148; as defined in Section&nbsp;2(a)(15)(ii) of the Securities
Act and is entering into the Transaction as principal and not for the benefit of any third
party; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) it is an &#147;eligible contract participant&#148; as defined in Section&nbsp;1a(12) of the
Commodity Exchange Act, as amended (the &#147;<B>CEA</B>&#148;), and this Confirmation and the Transaction
are subject to individual negotiation by the parties and have not been executed or traded on
a &#147;trading facility&#148; as defined in Section&nbsp;1a(33) of the CEA.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Counterparty represents and warrants to, and agrees with, Bank, as of the Trade Date and
as of the Effective Date, that:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Neither the execution and delivery of this Confirmation nor the incurrence or
performance of obligations of Bank hereunder nor any activities by Bank (or any affiliate of
Bank) in connection herewith (including, without limitation, any purchases or sales of
Shares in connection with Bank&#146;s (or any such affiliate&#146;s) hedging or hedge unwind
activities with respect to the Transaction) will conflict with or result in a breach of, or
constitute a default under, any contract or agreement to which Counterparty is a party, or
give rise to rights and/or obligations of a party to such contract or agreement (other than
rights and/or obligations of Counterparty under this Confirmation).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) There is not pending or, to Counterparty&#146;s knowledge, threatened against
Counterparty, any action, suit or proceeding before any governmental authority or
governmental official or any arbitrator that could be reasonably be expected to affect the
legality, validity or enforceability against Counterparty of the Agreement and this
Confirmation or Counterparty&#146;s ability to perform its obligations under the Agreement and
this Confirmation.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Counterparty is not entering into the Transaction on the basis of, and is not
aware of, any material non-public information concerning Underlying Shares Issuer, the
Shares or the Underlying Shares.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) The execution and delivery of this Confirmation, the incurrence or performance of
obligations of Counterparty or Bank hereunder and any activities by Bank (or any affiliate
of Bank) in connection herewith (including, without limitation, any purchases or sales of
Shares in connection with Bank&#146;s (or any such affiliate&#146;s) hedging or hedge unwind
activities with respect to the Transaction) do not and will not violate any corporate or
trading policy of Underlying Shares Issuer, the certificate of incorporation or by laws (or
any equivalent documents) of Underlying Shares Issuer or other rules or regulations of
Underlying Shares Issuer applicable to Counterparty or any of its affiliates, including, but
not limited to, Underlying Shares Issuer&#146;s window period policy.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) Counterparty is not entering into this Confirmation to create actual or apparent
trading activity in the Shares or Underlying Shares (or any security convertible into or
exchangeable for Shares or Underlying Shares) or to raise or depress the price of the Shares
or Underlying Shares (or any security
</DIV>

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</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">convertible into or exchangeable for Shares or Underlying Shares) for the purposes of
inducing the purchase or sale of the Shares or Underlying Shares by others.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) Since the date three months prior to the date hereof, Counterparty has not sold
any Shares or Underlying Shares.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) Counterparty shall, upon obtaining knowledge of the occurrence of any event that
would, with the giving of notice, the passage of time or the satisfaction of any condition,
constitute an Event of Default or a Termination Event in respect of which it is an Affected
Party, notify Bank within one (1)&nbsp;Scheduled Trading Day of its obtaining knowledge of such
occurrence.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) Counterparty&#146;s execution and delivery of, and the performance of its obligations
under, this Confirmation does not constitute a tender offer (as such term is used in Section
14(d)(1) of the Exchange Act).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) Counterparty is, and it shall, at all times during the term of the Transaction,
remain, in compliance with its reporting obligations under the Exchange Act, including,
without limitation, Section&nbsp;13, and the rules and regulations promulgated thereunder, and
any other applicable state, federal or foreign securities laws, and will file promptly an
amendment to its Schedule&nbsp;13D, in the form previously provided to Bank, disclosing the
Transaction.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) Each of Counterparty&#146;s filings under the United States, Bermuda, Russia, the United
Kingdom, Norway, the European Union and other applicable antitrust or anti-competition laws
that are required to be filed have been filed and, to the extent required by any applicable
antitrust laws, including the Hart-Scott-Rodino Improvements Act of 1976, as amended,
Counterparty shall otherwise remain, during the term of the Transaction, in compliance with
any filing and other requirements under such antitrust laws.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xi) Counterparty is not, and during the term of the Transaction will not become, a
Regulation&nbsp;X Entity. &#147;<B>Regulation&nbsp;X Entity</B>&#148; means a United States person or foreign person
controlled by or acting on behalf of or in conjunction with a United States person who
obtains credit outside the United States to purchase or carry United States securities, or
within the United States to purchase or carry any securities (both types of credit being
referred to as purpose credit), but a Regulation&nbsp;X Entity shall not include a borrower who
obtains purpose credit within the United States, unless the borrower wilfully causes the
credit to be extended in contravention of Regulations T or U (terms not otherwise defined in
this subsection shall have the same respective meanings as defined in Regulation&nbsp;X (as
supplemented or amended from time to time), issued by the Board of Governors of the Federal
Reserve System, United States 12 C.F.R. Part&nbsp;224).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Counterparty shall deliver to Bank the following documents, all to be provided upon or
prior to execution of this Confirmation and all to be covered by Section 3(d) of the Agreement
(save that the reference to the &#147;Schedule&#148; therein shall be deemed to be a reference to this
Confirmation):
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) An original and duly executed copy of the Guarantee together with certified copies
of all corporate authorisations and any other documents with respect to the execution,
delivery and performance thereof;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Certified copies of all corporate authorisations and any other documents with
respect to the execution, delivery and performance of the Agreement, including the Schedule
and the Credit Support Annex thereto, and this Confirmation by the Counterparty; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Certificates of authority and specimen signatures of individuals executing the
Agreement, including the Schedule and the Credit Support Annex thereto, this Confirmation and the
Guarantee.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;Counterparty represents and warrants to, and agrees with, Bank for any Scheduled
Trading Day during the Hedging Period, that:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) if Counterparty were to have effected transactions in any Shares on such Scheduled
Trading Day, whether on the Exchange or otherwise, such transactions would not have violated
any applicable securities law or other restriction applicable to Counterparty;
</DIV>

<P align="right" style="font-size: 10pt"><!-- Folio -->Page 13 of 27<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Underlying Shares Issuer is not, and neither Counterparty nor any of its
direct or indirect parent entities has, since the Effective Date, caused Underlying Shares
Issuer to be, engaged in a distribution, as such term is used in Regulation&nbsp;M under the
Exchange Act, of any securities of Underlying Shares Issuer; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) except as disclosed to Bank in writing prior to the Trade Date, (x)&nbsp;to
Counterparty&#146;s knowledge, Underlying Shares Issuer has not made any purchases of blocks by
or for itself or any of its affiliated purchasers pursuant to the one block purchase per
week exception in Rule&nbsp;10b-18(b)(4) under the Exchange Act during the four calendar weeks
preceding the Trade Date, and (y)&nbsp;neither Counterparty nor any of its direct or indirect
parent entities has caused Underlying Shares Issuer to do so during the period beginning on
the Trade Date and ending on such date (&#147;blocks&#148; and &#147;affiliated purchaser&#148; each as defined
in Rule&nbsp;10b-18 under the Exchange Act).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;Each party represents to the other party on the date on which it enters into the
Transaction that (absent a written agreement between the parties in respect of the Transaction that
expressly imposes affirmative obligations to the contrary):
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) it is acting for its own account, and it has made its own independent decisions to
enter into the Transaction and as to whether the Transaction is appropriate or proper for it
based upon its own judgment and upon advice from such tax, accounting, regulatory, legal and
financial advisers as it has deemed necessary, and not upon any view expressed by the other.
It is not relying on any communication (written or oral) of the other party as investment
advice or as a recommendation to enter into the Transaction; it being understood that
information and explanations related to the terms and conditions of the Transaction shall
not be considered investment advice or a recommendation to enter into the Transaction. No
communication (written or oral) received from the other party shall be deemed to be an
assurance or guarantee as to the expected results of the Transaction;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) it is capable of assessing the merits of and understanding (on its own behalf or
through independent professional advice), and understands and accepts, the terms, conditions
and risks of the Transaction. It is also capable of assuming, and assumes, the risks of the
Transaction; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) The other party is not acting as a fiduciary for, or an adviser to it in respect
of the Transaction.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;Counterparty covenants to Bank that:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) At all times during the term of the Transaction, Counterparty will not, and will
not permit any of its affiliates (as defined under Rule&nbsp;12b-2 under the Exchange Act but
excluding, for the avoidance of doubt, Underlying Shares Issuer) to, without the prior
written consent of Bank, directly or indirectly (including, without limitation, by means of
a derivative instrument) purchase, offer to purchase, place any bid or limit order that
would effect a purchase of, hedge any &#147;short&#148; position in or announce or commence any tender
offer relating to, any Shares or Underlying Shares (or equivalent interest, including a unit
of beneficial interest in a trust or limited partnership or a depositary share) or any
security convertible into or exchangeable for the Shares or Underlying Shares.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) At all times during the term of the Transaction, Counterparty will not, and will
not permit any of its affiliates (as defined under Rule&nbsp;12b-2 under the Exchange Act but
excluding, for the avoidance of doubt, Underlying Shares Issuer) or any person who would be
considered to be the same &#147;person&#148; as Counterparty or &#147;acting in concert&#148; with Counterparty
(within the meaning of Rule&nbsp;144 under the Securities Act) to, directly or indirectly,
without the prior written consent of Bank (A)&nbsp;offer, pledge, sell, contract to sell, sell
any call option or other right or warrant to purchase, purchase any put option, lend, hedge
any &#147;long&#148; position in or otherwise transfer or dispose of, directly or indirectly, any
Shares, Underlying Shares or any securities convertible into or exercisable or exchangeable
for Shares or Underlying Shares or (B)&nbsp;enter into any swap or other arrangement that
transfers to another, in whole or in part, any of the economic consequences of ownership of
the Shares or Underlying Shares, whether any such transaction described in clause (A)&nbsp;or (B)
above is to be settled by delivery of Shares, Underlying Shares or such other securities, in
cash or otherwise.
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) At all times during the period comprised of (x)&nbsp;the period beginning on, and
including, the Trade Date and ending on, and including, the last day of the Hedging Period,
(y)&nbsp;the Hedge Unwind Reference Period and (z)&nbsp;any period notified to Counterparty by Bank in
connection with any early termination or other early unwind of the Transaction, Counterparty
will not, and will not permit any of its affiliates (as defined under Rule&nbsp;12b-2 under the
Exchange Act but excluding, for the avoidance of doubt, Underlying Shares Issuer) to,
without the prior written consent of Bank, engage in a distribution, as such term is used in
Regulation&nbsp;M under the Exchange Act, of any securities of Underlying Shares Issuer.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;As of the date hereof and at all times during the term of the Transaction:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Counterparty does not know or have any reason to believe, and will promptly notify
Bank if it knows or has any reason to believe, that Underlying Shares Issuer has not
complied with the reporting requirements contained in Rule&nbsp;144(c)(1) under the Securities
Act.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Counterparty has not made, and will not make, any payment in connection with the
offering or sale of any Shares comprising Bank&#146;s Hedge Positions to any person.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Counterparty has not solicited or arranged for, and will not solicit or arrange
for, the solicitation of any offer to buy Shares in anticipation of or in connection with
any sale of any Shares comprising Bank&#146;s Hedge Positions.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;Counterparty acknowledges that:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) during the term of the Transaction, Bank and its affiliates may buy or sell Shares,
Underlying Shares or other securities or buy or sell options or futures contracts or enter
into swaps or other derivative securities in order to establish, adjust or unwind its Hedge
Positions with respect to the Transaction;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Bank and its affiliates may also be active in the market for the Shares or
Underlying Shares other than in connection with hedging activities in relation to the
Transaction;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Bank shall make its own determination as to whether, when or in what manner any
hedging or market activities in Underlying Shares Issuer&#146;s securities shall be conducted and
shall do so in a manner that it deems appropriate to hedge its price and market risk with
respect to the Final Price;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) any market activities of Bank and its affiliates with respect to the Shares or
Underlying Shares may affect the market price and volatility of the Shares or Underlying
Shares, as well as the Initial Price and/or Final Price, each in a manner that may be
adverse to Counterparty; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) Bank and its affiliates may purchase and/or sell Shares or Underlying Shares for
its own account at an average price that may be greater than, or less than, the Initial
Price and/or Final Price.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;The parties acknowledge and agree that Counterparty&#146;s obligations with respect to the
Transaction under this Confirmation and any claims arising out of or relating hereto shall rank at
least <I>pari passu </I>in all respects with all of its other obligations to unsecured, unsubordinated
creditors.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)&nbsp;Counterparty represents, warrants and covenants to Bank that:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Counterparty is entering into this Confirmation in good faith and not as part of a
plan or scheme to evade the prohibitions of Rule&nbsp;10b5-1 under the Exchange Act (&#147;<B>Rule
10b5-1</B>&#148;) or any other antifraud or anti-manipulation provisions of the federal or applicable
state securities laws and that it has not entered into or altered and will not enter into or
alter any corresponding or hedging transaction or position with respect to the Shares or the
Underlying Shares. Counterparty acknowledges that it is the intent of the parties that the
Transaction entered into under this Confirmation comply with the requirements of paragraphs
(c)(1)(i)(A) and (B)&nbsp;of Rule&nbsp;10b5-1 and the Transaction entered into under this Confirmation
shall be interpreted to comply with the requirements of section (c)&nbsp;of Rule&nbsp;10b5-1.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Counterparty will not seek to control or influence Bank&#146;s decision to make any
&#147;purchases or sales&#148; (within the meaning of paragraph (c)(1)(i)(B)(3) of Rule&nbsp;10b5-1) under
the Transaction entered into under this Confirmation, including, without limitation, Bank&#146;s
decision whether
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">to enter into any hedging transactions. Counterparty represents and warrants that it
has consulted with its own advisors as to the legal aspects of its adoption and
implementation of this Confirmation under Rule&nbsp;10b5-1.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Counterparty acknowledges and agrees that any amendment, modification, waiver or
termination of this Confirmation must be effected in accordance with the requirements for
the amendment or termination of a &#147;plan&#148; as defined in section (c)&nbsp;of Rule&nbsp;10b5-1. Without
limiting the generality of the foregoing, any such amendment, modification, waiver or
termination shall be made in good faith and not as part of a plan or scheme to evade the
prohibitions of Rule&nbsp;10b-5 of the Exchange Act, and no such amendment, modification or
waiver shall be made at any time at which Counterparty or any officer, director, manager or
similar person of Counterparty is aware of any material non-public information regarding
Underlying Shares Issuer, the Shares or the Underlying Shares.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)&nbsp;Counterparty shall, upon learning of any repurchase of Shares and/or Underlying Shares by
Underlying Share Issuer, promptly give Bank a written notice of such repurchase.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l)&nbsp;At all times during the term of the Transaction, Counterparty shall not announce, commence
or be engaged in a tender offer (as such term is used in Section&nbsp;14(d)(1) of the Exchange Act) with
respect to the Shares and/or Underlying Shares.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m)&nbsp;At all times during the term of the Transaction, Counterparty shall not make any public
announcement regarding the Transaction (other than announcements that include non-substantive
references to the Transaction) without the prior approval of Bank (such approval not to be
unreasonably withheld or delayed), except as may be required by applicable law, the regulations of
securities exchanges or pursuant to a communication approved in advance by Bank, in each case, with
prior notice to Bank.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">4. <B>Indemnity</B>.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;<U><I>Indemnity</I></U>. Counterparty undertakes to pay to Bank promptly upon demand (and in no
event later than 30&nbsp;days following any such demand) any losses, damages, costs and expenses,
liabilities, claims, demands, actions, regulatory enquiries, investigations, administrative,
judicial or regulatory actions or proceedings (whether successful, compromised, settled or
discontinued) in any jurisdiction (together with any costs and expenses (including professional and
legal fees) reasonably incurred by any Indemnified Person in connection with investigating,
preparing, defending or appearing as a witness in any claim, demand, action, regulatory enquiry,
investigation, administrative, judicial or regulatory action or proceeding in any jurisdiction
(each, a &#147;<B>Proceeding</B>&#148; for purposes of this Section&nbsp;4) as and when incurred or paid, whether or not
in connection with pending or threatened litigation or arbitration in which an Indemnified Person
is a party or otherwise involved and whether or not resulting in liability on the part of any such
Indemnified Person) arising out of, related to, or in connection with any transactions executed in
connection with this Confirmation (including, without limitation, the purchase and/or sale by Bank
or any of its affiliates of any Shares, Underlying Shares or other securities), in each case
incurred by Bank or any of its Connected Persons (as defined below) (each, an &#147;<B>Indemnified
Person</B>&#148;). If for any reason the foregoing indemnification is unavailable to any Indemnified Person
or insufficient to hold harmless any Indemnified Person, then Counterparty shall contribute, to the
maximum extent permitted by law, to the amount paid or payable by the Indemnified Person.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;<U><I>Notification; Defence</I></U>. If any Indemnified Person becomes aware of any claim under
this Indemnity or any matter which may give rise to a claim, then Bank shall promptly notify
Counterparty thereof; <I>provided </I>that Bank&#146;s failure to notify Counterparty shall not relieve
Counterparty from its obligations under this Indemnity. In the event any Proceeding is brought
against any Indemnified Person and it notifies Counterparty of the commencement thereof,
Counterparty will be entitled to participate therein, and if it so elects (by written notice
delivered to such Indemnified Person), assume the defence thereof, with counsel reasonably
satisfactory to such Indemnified Person; <I>provided </I>that if the defendants in any such Proceeding
include both an Indemnified Person and Counterparty and such Indemnified Person shall have
determined that there may be legal defences available to it that are different from or additional
to those available to Counterparty, such Indemnified Person shall have the right to select separate
counsel to assert such legal defences and otherwise participate in the defence of such Proceeding
on behalf of such Indemnified Person.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;<U><I>Conditions to Settlement</I></U>. Counterparty shall not, without the prior written
consent of Bank and each relevant Indemnified Person, settle or compromise or consent to the entry
of any judgment in any pending or threatened Proceeding in respect of which indemnification may be
sought hereunder (whether or not Bank or such
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">other Indemnified Person is an actual or potential party to any such Proceeding), unless such
settlement, compromise or consent includes an unconditional written release of Bank and such other
Indemnified Person (in form and substance satisfactory to Bank and such other Indemnified Person)
from all liability arising out of such Proceeding and admits no liability on the part of Bank or
any other Indemnified Person.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;<U><I>Cooperation</I></U>. Counterparty shall cooperate with Bank and will give all such
information as Bank may reasonably request in connection with any Proceeding brought against Bank
or any of its Connected Persons, and Counterparty will not take any action which might prejudice
the position of Bank, or any of its Connected Persons, in relation to any such matter.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;<U><I>Connected Person</I></U>. As used herein, &#147;<B>Connected Person</B>&#148; means in relation to Bank,
its controlling person or persons, its subsidiaries and subsidiary undertakings, any other
connected or affiliated companies and the respective directors, officers, agents, representatives,
controlling persons and employees of Bank and each of them.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;<U><I>Survival of Indemnity</I></U>. Notwithstanding anything to the contrary in this
Confirmation or in the Agreement, the provisions of this Section&nbsp;4 shall survive the termination of
the Confirmation and shall be without prejudice to and in addition to any rights of indemnity or
other rights that either party or any Connected Person may have by law or otherwise.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">5. <B>Other Provisions</B>.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;<U><I>Calculations and Payment Date upon Early Termination</I></U>. The parties acknowledge and
agree that in calculating amounts payable pursuant to Section&nbsp;6 of the Agreement Bank may (but need
not) determine losses (i)&nbsp;by reference to losses actually incurred as a result of Bank (or its
affiliates) unwinding, or forbearing from or ceasing to unwind, its Hedge Positions as a result of
limitations arising under applicable securities law or contractual provisions, as determined by
Bank based on advice of counsel, (ii)&nbsp;at the time it (or its affiliate) is able to unwind its Hedge
Positions in view of applicable limitations arising under applicable securities laws or contractual
limitations, as determined by Bank based on advice of counsel, and/or (iii)&nbsp;without reference to
actual losses incurred but based on expected losses assuming a commercially reasonable (including
without limitation with regard to reasonable legal and regulatory guidelines) &#147;risk bid&#148;, &#147;volume
weighted&#148; valuations or &#147;private placement&#148; discounts used to determine loss to avoid awaiting the
delay associated with closing out any hedge or related trading position in a commercially
reasonable manner prior to or sooner following the designation of an Early Termination Date.
Notwithstanding anything to the contrary in Section&nbsp;6(d)(ii) of the Agreement, all amounts
calculated as being due in respect of an Early Termination Date under Section 6(e) of the Agreement
will be payable on the day that notice of the amount payable is effective.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;<U><I>Transfer or Assignment</I></U>. Counterparty may not transfer any of its rights or
obligations under the Transaction without the prior written consent of Bank. Bank may, without
Counterparty&#146;s consent, transfer or assign all or any part of its rights or obligations under the
Transaction to a third party or a wholly-owned affiliate of JPMorgan Chase &#038; Co. (i)&nbsp;with a credit
rating equal to or better than Bank&#146;s as of the time of such transfer or assignment and/or (ii)
whose obligations thereunder will be guaranteed by Bank or a person with such a credit rating. If
at any time at which Bank determines in its sole discretion that Underlying Shares Issuer is not,
or is reasonably likely to cease being, a &#147;foreign private issuer&#148; (within the meaning of Rule&nbsp;3b-4
under the Exchange Act), Bank is unable after using its commercially reasonable efforts to effect a
transfer or assignment of the Transaction to a third party meeting the criteria set forth in item
(i)&nbsp;and/or (ii)&nbsp;above on pricing terms reasonably acceptable to Bank and within a time period
reasonably acceptable to Bank, then Bank may designate any Exchange Business Day as an Early
Termination Date with respect to the Transaction. In the event that Bank so designates an Early
Termination Date with respect to the Transaction, a payment shall be made pursuant to Section&nbsp;6 of
the Agreement as if (1)&nbsp;Counterparty were the sole Affected Party and (2)&nbsp;the Transaction were the
sole Affected Transaction.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;<U><I>Right to Extend</I></U>. Bank may postpone or add, in whole or in part, any Exchange
Business Day or Exchange Business Days during the Hedging Period and/or any Hedge Unwind Period or
any other date of valuation, payment or delivery by Bank, with respect to some or all of the Number
of Shares hereunder, if Bank reasonably determines, in its discretion, that such action is
reasonably necessary or appropriate to preserve Bank&#146;s (or an affiliate of Bank&#146;s) hedging or hedge
unwind activity hereunder in light of existing liquidity conditions or to enable Bank (or such
affiliate) to effect purchases and/or sales of Shares in connection with its hedging, hedge unwind
or settlement activity hereunder in a manner that would, if Bank (or such affiliate) were
Counterparty or
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">an affiliate of Counterparty, be in compliance with applicable legal, regulatory or
self-regulatory requirements, or with related policies and procedures applicable to Bank (and/or
such affiliate).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;<U><I>Additional Definitions; Amendments to Equity Definitions</I></U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;For the purposes of this Confirmation the following definitions will apply:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Depositary</B>&#148; means, in relation to the Shares, The Bank of New York Mellon, or any successor
thereto from time to time.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Deposit Agreement</B>&#148; means, (i)&nbsp;that certain Deposit Agreement, dated as of March&nbsp;26, 2010, by
and among Underlying Shares Issuer, Depositary and the holders and beneficial owners of the Shares
and (ii)&nbsp;the other agreements or other instruments constituting the Shares, as from time to time
amended or supplemented in accordance with their terms.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>DR Amendment</B>&#148; means, where specified as applicable to a definition or provision, that the
following changes shall be made to such definition or provision: (a)&nbsp;all references to &#147;Shares&#148;
shall be deleted and replaced with the words &#147;Shares and/or the Underlying Shares, as appropriate&#148;;
and (b)&nbsp;all references to &#147;Issuer&#148; shall be deleted and replaced with the words &#147;Issuer or
Underlying Shares Issuer, as appropriate&#148;.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Replacement DRs</B>&#148; means depositary receipts or shares, other than the Shares, over the same
Underlying Shares.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) The following amendments shall be made to the Equity Definitions:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) The definition of Potential Adjustment Event in Section&nbsp;11.2(e) of the Equity
Definitions shall be amended as follows:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the DR Amendment shall be applicable, provided that an event under Section
11.2(e)(i) to (vii)&nbsp;of the Equity Definitions in respect of the Underlying Shares
shall not constitute a Potential Adjustment Event unless, in the opinion of the
Calculation Agent, such event has a material effect on the theoretical value of the
Shares; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) (A) &#145;or&#146; shall be deleted where it appears at the end of (vi);
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) &#145;.&#146; shall be deleted where it appears at the end of (vii)&nbsp;and
replaced with &#147;;&#148;;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C) the following shall be inserted as provision (viii): &#147;(viii) the
making of any amendment or supplement to the terms of the Deposit Agreement;
or&#148;; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(D) the following shall be inserted as provision (ix): &#147;(ix) any other
event as a result of which the Shares represent less or more Underlying
Shares than the number of Underlying Shares represented by the Shares as of
the Trade Date.&#148;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) In making any adjustment following any Potential Adjustment Event, the Calculation
Agent may, but is not required to, have reference to (amongst other factors) any adjustment
made by the Depositary under the Deposit Agreement, any fees and/or expenses of the
Depositary and any withholding or deduction of taxes. If the Calculation Agent determines
that no adjustment that it could make will produce a commercially reasonable result, it
shall notify the parties that the relevant consequence shall be the termination of the
relevant Transaction, in which case &#147;Cancellation and Payment&#148; will be deemed to apply and
any payment to be made by one party to the other shall be calculated in accordance with
Section&nbsp;12.7 of the Equity Definitions.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C) If a Potential Adjustment Event occurs under Section&nbsp;11.2(e)(viii) of the Equity
Definitions, then the following further amendments shall be deemed to be made to Section
11.2(c) in respect of such Potential Adjustment Event:
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the words &#147;the Calculation Agent will determine whether such Potential
Adjustment Event has a material effect on the theoretical value of the relevant
Shares&#148; shall be deleted and replaced with the words &#147;the Calculation Agent will
determine whether such Potential Adjustment Event has an economic effect on such
Transaction&#148;; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the words &#147;as the Calculation Agent determines appropriate to account for
that material effect&#148; shall be deleted and replaced with the words &#147;as the
Calculation Agent determines appropriate to account for such economic effect on such
Transaction&#148;.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(D) The definitions of &#147;Merger Event&#148;, &#147;Tender Offer&#148;, &#147;Share-for-Share&#148;,
&#147;Share-for-Other&#148; and &#147;Share-for-Combined&#148; in Section&nbsp;12.1 of the Equity Definitions shall
be amended in accordance with the DR Amendment.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(E) In making any adjustment following a Merger Event or Tender Offer in relation to
the Underlying Shares, the Calculation Agent may, but is not required to, have reference to
(amongst other factors) any adjustment made by the Depositary under the Deposit Agreement,
any fees and/or expenses of the Depositary and any withholding or deduction of taxes.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(F) The definitions of Nationalization and Insolvency in Section&nbsp;12.6 of the Equity
Definitions shall be amended in accordance with the DR Amendment.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(G) The consequence of a Nationalization or Insolvency in respect of the Depositary
shall be Cancellation and Payment.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(H) If the Depositary announces that the Deposit Agreement is (or will be) terminated,
then:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Cancellation and Payment will apply as provided in this Confirmation;
<I>provided </I>that the Calculation Agent may determine, in its sole discretion, that a
replacement of the Shares with Replacement DRs or the Underlying Shares should take
place and that one or more terms of the Transaction should be amended to preserve
the fair value of the Transaction to Bank and if the Calculation Agent so
determines, then Cancellation and Payment shall not apply in respect of such
termination of the Deposit Agreement, as applicable, and references to Shares herein
shall be replaced by references to such Replacement DRs or the Underlying Shares, as
applicable, with such amendments as shall be determined by the Calculation Agent;
and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) where Cancellation and Payment applies under clause (H)(i) above in
respect of a termination of the Deposit Agreement, the Equity Definitions shall be
interpreted as follows: (I)&nbsp;such termination shall be deemed to be an &#147;Extraordinary
Event&#148;; (II)&nbsp;Cancellation and Payment shall apply as defined in Section&nbsp;12.6(c)(ii)
of the Equity Definitions; and (III)&nbsp;the definition of &#147;Announcement Date&#148; in
Section&nbsp;12.1(l) of the Equity Definitions shall include the following additional
clause (vii)&nbsp;at the end of the first sentence thereof: &#147;(vii) in the case of a
termination of the Deposit Agreement, the date of the first public announcement by
the Depositary that the Deposit Agreement is (or will be) terminated&#148;.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(I) The definitions of &#147;Hedging Disruption&#148; and &#147;Increased Cost of Hedging&#148; in the
Equity Definitions shall each be amended as follows:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the words &#147;any transaction(s) or asset(s) it deems necessary to hedge the
equity price risk of entering into and performing its obligations with respect to
the relevant Transaction&#148; shall be deleted and replaced with the words &#147;any
Share(s), any Hedge Position(s), any transaction(s) referencing any Share(s), or any
transaction(s) or asset(s) that, in each case, it deems necessary to hedge the
equity price risk and/or foreign exchange risk of entering into and performing its
obligations with respect to the relevant Transaction&#148;; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the words &#147;any such transaction(s) or asset(s)&#148; shall be deleted and
replaced with the words &#147;any such Share(s), Hedge <font style="white-space: nowrap">Position(s)</font> or transaction(s) or
asset(s).&#148;
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(J) If Cancellation and Payment applies under Section&nbsp;5(d)(ii)(G) or Section
5(d)(ii)(H) of this Confirmation, then the Determining Party shall be Bank.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(K) The definition of &#147;Insolvency Filing&#148; in Section&nbsp;12.9(a)(iv) of the Equity
Definitions shall be amended in accordance with the DR Amendment.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(L) For the avoidance of doubt, where a provision is amended by this Section 5(d) in
accordance with the DR Amendment, if the event described in such provision occurs in respect
of the Underlying Shares or Underlying Shares Issuer, then the consequence of such event
shall be interpreted consistently with the DR Amendment and such event.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;<U><I>Wall Street Transparency and Accountability Act</I></U>. In connection with Section&nbsp;739
of the Wall Street Transparency and Accountability Act of 2010 (&#147;<B>WSTAA</B>&#148;), the parties hereby agree
that neither the enactment of WSTAA or any regulation under the WSTAA, nor any requirement under
WSTAA or an amendment made by WSTAA, shall limit or otherwise impair either party&#146;s otherwise
applicable rights to terminate, renegotiate, modify, amend or supplement this Confirmation or the
Agreement, as applicable, arising from a termination event, force majeure, illegality, increased
costs, regulatory change or similar event under this Confirmation, the Definitions incorporated
herein, or the Agreement (including, but not limited to, rights arising from Change in Law, Hedging
Disruption, Increased Cost of Hedging, early termination or Illegality (as defined in the
Agreement)).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;<U><I>Credit Support</I></U>. With respect to Counterparty, the Guarantee shall constitute a
Credit Support Document for the Transaction. Telenor ASA shall be designated as a Credit Support
Provider in relation to Counterparty.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;<U><I>No Third-Party Beneficiary</I></U>. Except as expressly provided herein, this
Confirmation is not intended and shall not be construed to create any rights in any person other
than Counterparty, Bank and its agents and affiliates and their respective successors and assigns
and no other person shall assert any rights as third-party beneficiary hereunder. Whenever any of
the parties hereto is referred to, such reference shall be deemed to include the successors and
assigns of such party. All the covenants and agreements herein contained by or on behalf of
Counterparty and Bank shall bind, and inure to the benefit of, their respective successors and
assigns whether so expressed or not.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;<U><I>Amendment and Waiver</I></U>. Any provision of this Confirmation may be amended or waived
if, and only if, such amendment or waiver is in writing and signed, in the case of an amendment by
Bank and Counterparty, and in the case of a waiver, by the party against whom the waiver is to be
effective.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;<U><I>Severance</I></U>. If any provision of this Confirmation is declared by any judicial or
other competent authority to be void or otherwise unenforceable, that provision shall be severed
from this Confirmation and the remaining provisions of this Confirmation shall remain in full force
and effect. This Confirmation shall, however, thereafter be amended by the parties hereto in such
reasonable manner so as to achieve as far as possible the intention of the parties with respect to
the severed provision.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)&nbsp;<U><I>Counterparts</I></U>. This Confirmation may be executed in any number of counterparts,
each of which shall be deemed an original but all of which shall constitute one and the same
instrument.
</DIV>

<P align="right" style="font-size: 10pt"><!-- Folio -->Page 20 of 27<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Please confirm that the foregoing correctly sets forth the terms and conditions of our agreement by
either executing this Confirmation and returning a copy to J.P. Morgan Securities Ltd., MAILPOINT
3/01 AL, PO Box 161, 10 Aldermanbury, London EC2V 7RF or by fax on <font style="white-space: nowrap">&#043;44 20 7325 8205</font>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Yours faithfully,
</DIV>


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="62%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">/s/ Maarten Petermann</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left" style="border-top: 1px solid #000000"><B>J.P. Morgan Securities Ltd.</B>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD colspan="2" align="left">Maarten Petermann</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD colspan="2" align="left">Managing Director</TD>
    <TD>&nbsp;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">/s/ Torbj&#248;rn M. Wist </TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left" style="border-top: 1px solid #000000"><B>Telenor East Holding II AS</B>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD colspan="2" align="left">Torbj&#248;rn M. Wist </TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD colspan="2" align="left">Senior Vice President, Head of M&#38;A</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


<P align="right" style="font-size: 10pt"><!-- Folio -->Page 21 of 27<!-- /Folio -->
</DIV>



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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>ANNEX A</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>FORM OF GUARANTEE AGREEMENT</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><U>GUARANTEE AGREEMENT</U>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This Guarantee Agreement (this &#147;<B>Guarantee</B>&#148;) is entered into on the 22nd day of July&nbsp;2011 between:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Telenor ASA, a company incorporated under the laws of Norway with its registered office at
Snar&#248;yveien 30, N-1331 Fornebu, Norway (the &#147;<B>Guarantor</B>&#148;); and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>J.P. Morgan Securities Ltd., a company incorporated under the laws of England with its
registered office at 125 London Wall, London EC2Y 5AJ, United Kingdom (the &#147;<B>Beneficiary</B>&#148;).</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>WHEREAS:</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">A.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Telenor East Holding II AS (the &#147;<B>Principal</B>&#148;) has become a party to the Confirmation dated 22
July&nbsp;2011 (as amended, supplemented or otherwise modified and in effect from time to time in
accordance with the terms thereof, the &#147;<B>Confirmation</B>&#148;), including the indemnity set forth in
Section&nbsp;4 thereof (the &#147;<B>Indemnity</B>&#148;), that supplements, forms a part of, and is subject to, the
ISDA Master Agreement (including the Schedule thereto) dated as of 22 July&nbsp;2011 (the &#147;<B>ISDA
Master Agreement</B>&#148;), as amended and supplemented by the 1995 ISDA Credit Support Annex
(Bilateral Form-Transfer), dated as of 22 July&nbsp;2011 (the &#147;<B>Transaction CSA</B>&#148;, and together with
the ISDA Master Agreement and the Confirmation (including the Indemnity), as further amended
and supplemented from time to time, the &#147;<B>Agreement</B>&#148;), with respect to the total return swap
transaction with the Beneficiary that is described in the Confirmation and the related
Transaction CSA (the &#147;<B>Transaction</B>&#148;); and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">B.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Guarantor has executed this Guarantee at the request of the Principal as security for the
due and punctual payment, observance and performance of all of the Principal&#146;s obligations in
respect of the Transaction under the Agreement (including, for the avoidance of doubt, with
respect to the Indemnity).</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>NOW THEREFORE</B>, the parties agree as follows:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Subject to the terms of this Guarantee, the Guarantor hereby irrevocably and unconditionally
guarantees to the Beneficiary, as primary obligor and for its account upon the Beneficiary&#146;s
first demand (Norwegian: &#147;<I>p&#229;kravsgaranti</I>&#148;), the due, complete and punctual payment of all
amounts which are or may become due and payable by the Principal, and the due, complete and
punctual performance of all other obligations, agreements, covenants, indemnities and
undertakings of the Principal in respect of the Transaction under the Agreement, including
with respect to the Indemnity, together with all claims for damages, losses, costs and/or
expenses arising from or in connection with the failure punctually and completely to pay or
perform such obligations, agreements, covenants, indemnities and undertakings (such
obligations, agreements, covenants, indemnities and undertakings being guaranteed hereunder,
collectively, the &#147;<B>Guaranteed Obligations</B>&#148;).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In addition to its guarantee of the Guaranteed Obligations, the Guarantor shall indemnify the
Beneficiary on first demand against any and all loss or liability suffered by the Beneficiary if
any Guaranteed Obligations are or become unenforceable, invalid or illegal as if such Guaranteed
Obligations had not become unenforceable, invalid or illegal.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The aggregate liability of the Guarantor hereunder, including any liabilities in respect of
default interest, fees, costs and expenses, shall be limited to USD 1,000,000,000.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>This Guarantee is a continuing guarantee and shall not be satisfied, discharged or affected
by any intermediate payment or discharge in whole or in part. There is no limit on the number
of claims that may be made by the Beneficiary.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>This Guarantee shall be a primary obligation of the Guarantor, and the Beneficiary shall not
be obliged before claiming under this Guarantee or enforcing the obligations under this
Guarantee to take any action in any court or arbitral proceedings against the Principal, to
make any claim against or any demand of the Principal, to proceed or enforce any other right
or security held by the Beneficiary (or anyone else) in respect of the Guaranteed Obligations
or to enforce any process of execution against the Principal.</TD>
</TR>

</TABLE>
</DIV>

<P align="right" style="font-size: 10pt"><!-- Folio --> Page 22 of 27 <!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD colspan="2">This  Guarantee is an &#147;on demand&#148; guarantee, independent of the underlying relationship.
Accordingly, the Guarantor waives any and all defenses, objections and similar actions based
on (and/or arising from) the Guaranteed Obligations, underlying relationships, agreements and
other transactions whatsoever.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>

    <TD colspan="2">The Guarantor&#146;s obligations herein shall be paid in full upon the Beneficiary&#146;s first demand,
free of any set-off, counterclaim, reduction, objection or defenses by the Guarantor.</TD>
</TR>
</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">4.</TD>

    <TD colspan="2">If any payment by the Principal or any discharge given by the Beneficiary is avoided or
reduced as a result of insolvency or any similar event:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the liability of the Guarantor shall continue as if the payment, discharge, avoidance
or reduction had not occurred; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Beneficiary shall be entitled to recover the value or payment from the Guarantor,
as if the payment, discharge, avoidance or reduction had not occurred.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The obligations of the Guarantor under this Guarantee will not be affected, reduced, released
or prejudiced by any act, omission, matter or thing which, but for this Clause 5, would
reduce, release or prejudice any of its obligations under this Guarantee, including, but not
limited to:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any time, waiver or consent granted to, or composition with, the Principal;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any incapacity or lack of power, authority or legal personality of or dissolution or
change in the members or status of the Principal or any other person;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any unenforceability, illegality or invalidity of the Guaranteed Obligations, including
any obligation with respect to the Indemnity;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any insolvency or similar proceedings; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(e)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any other act or omission which would have not been discharged or affected the
liability of the Guarantor had it been principal debtor instead of guarantor or by anything
done or omitted which but for this provision might operate to exonerate the Guarantor.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">6.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Until all Guaranteed Obligations have been paid in full, the Guarantor waives all rights of
subrogation which it may at any time otherwise have as a result of this Guarantee and any
right to enforce any other remedy which the Guarantor has or may have against the Principal
and any right to claim or prove as creditor of the Principal in competition with the
Beneficiary.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">7.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>This Guarantee (i)&nbsp;is valid until all Guaranteed Obligations (other than with respect to the
Indemnity) are paid in full, and (ii)&nbsp;with respect to the Indemnity, survives the termination
of the Confirmation; <I>provided </I>that notice of any claim under the Guarantee with respect to the
Guaranteed Obligations (other than with respect to the Indemnity) must be given not later than
30 Business Days (as defined in the Confirmation) after the date on which notice is given to
the Principal of the Beneficiary&#146;s or the Calculation Agent&#146;s (as defined in the Confirmation)
final determination of the amounts due and owing upon termination or final settlement of the
&#147;Transaction&#148; under the Confirmation (whether in respect of the early termination, cash
settlement, early unwind or otherwise of such Transaction).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">8.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any claim or notice made or given by the Beneficiary to the Guarantor under this Guarantee
shall be deemed to be sufficiently made and given if in writing and sent by letter or telefax
to the following address(es):</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><I>with a copy to:</I></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Telenor ASA
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Advokatene i Telenor</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Snar&#248;yveien 30
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Snar&#248;yveien 30</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">N-1331 Fornebu, Norway
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">N-1331 Fornebu, Norway</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Facsimile No.: &#043;47 67 58 10 53
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Facsimile No.: &#043;47 67 89 24 32</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Attention: Group Treasurer
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Attention: Bj&#248;rn Hogstad</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><I>and a copy to:</I></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Orrick, Herrington &#038; Sutcliffe (Europe) LLP</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">107 Cheapside</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">London EC2V 6DN, United Kingdom</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Facsimile No.: &#043;44 20 7862 4800</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Attention: Peter O&#146;Driscoll</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="right" style="font-size: 10pt"><!-- Folio --> Page 23 of 27 <!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any such notice shall be deemed to have reached the Guarantor (i)&nbsp;if by letter, when left at the
relevant address or five working days after being deposited in the post prepaid in an envelope
addressed to the Guarantor at that address, or (ii)&nbsp;if by fax, when dispatched, but only if the
Beneficiary has a record which shows that transmission to the correct fax number was effectively
made.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">9.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Beneficiary shall not assign or transfer any of its rights under this Guarantee without
the prior written consent of the Guarantor except if a transfer is made in connection with any
transfer or assignment under Section 5(b) (&#147;Transfer or Assignment&#148;) of the Confirmation.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">10.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Financial Contracts Act of 25 June&nbsp;1999 no. 46 (Norwegian: &#147;Finansavtaleloven&#148;) shall not
(to the extent applicable) apply to this Guarantee.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">11.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>This Guarantee shall be governed by and construed in all respects in accordance with the laws
of Norway. Any dispute arising out of or in connection with this Guarantee shall be resolved
by the courts of Norway, legal venue to be Asker og B&#230;rum Tingrett.</TD>
</TR>

</TABLE>
</DIV>





<P align="right" style="font-size: 10pt"><!-- Folio --> Page 24 of 27 <!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">IN WITNESS WHEREOF, the parties hereto have executed this Guarantee as of the date first above
written.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="55%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
<B>Telenor ASA, as Guarantor</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Name: Jon Fredrik Baksaas</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Title: President and CEO</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
<B>J.P. Morgan Securities Ltd., as Beneficiary</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Name: Maarten Petermann</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Title: Managing Director </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="right" style="font-size: 10pt"><!-- Folio --> Page 25 of 27 <!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><U><B>EXHIBIT A</B></U>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>FORM OF PRICING SUPPLEMENT</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><U>PRICING SUPPLEMENT</U>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="15%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="80%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Date:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></TD>
</TR>
<TR style="font-size: 10pt"><TD>&nbsp;</TD></TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">To:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Telenor East Holding II AS (&#147;<B>Counterparty</B>&#148;)</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Telefax No.:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#043;&#091; &#093;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Attention:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">From:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">J.P. Morgan Securities Ltd. (&#147;<B>Bank</B>&#148;)</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Telefax No.:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#091; &#093;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Transaction Reference Number: <u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The purpose of this communication (this &#147;<B>Pricing Supplement</B>&#148;) is to set forth certain terms of
the above-referenced Transaction entered into on July 22, 2011 between Counterparty and Bank.
This Pricing Supplement supplements, forms a part of, and is subject to the Confirmation dated as
of July 22, 2011 and as amended from time to time (the &#147;<B>Confirmation</B>&#148;), between Counterparty and
Bank.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;The definitions and provisions contained in the Definitions (as such term is defined in the
Confirmation) and in the Confirmation are incorporated into this Pricing Supplement. In the event
of any inconsistency between those definitions and provisions and this Pricing Supplement, this
Pricing Supplement will govern.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;The particular Transaction to which this Pricing Supplement relates shall have the
following terms:
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:0px; text-indent:-0px">Hedging Period Completion Date:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" nowrap>&#091;<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>&#093;, 2011</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:0px; text-indent:-0px">Initial Price:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">USD &#091;<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>&#093;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:0px; text-indent:-0px">Number of Shares:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top" nowrap>&#091;<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>&#093;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:0px; text-indent:-0px">Equity Notional Amount:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">USD &#091;<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>&#093;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:0px; text-indent:-0px">Structuring Fee:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">USD &#091;<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>&#093;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:0px; text-indent:-0px">&#091;Hedge Unwind Commencement Date:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&#091;<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>&#093;&#093;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#091;3. For each Tranche of the Transaction, the Number of Shares, scheduled Hedge Unwind
Commencement Date and Equity Notional Amount are set forth below:
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="22%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="22%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="22%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="22%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Hedge Unwind</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Tranche Number</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Number of Shares</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Commencement Date</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Equity Notional Amount</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">1.
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>&#093;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>&#093;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>&#093;
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">2.
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>&#093;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>&#093;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>&#093;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">3.
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>&#093;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>&#093;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>&#093;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">4.
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>&#093;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>&#093;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>&#093;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


&#093;



<P align="right" style="font-size: 10pt"><!-- Folio --> Page 26 of 27 <!-- /Folio -->
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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Please confirm that the foregoing correctly sets forth the terms and conditions of our agreement by
either executing this Pricing Supplement and returning a copy to J.P. Morgan Securities Ltd.,
MAILPOINT 3/01 AL, PO Box 161, 10 Aldermanbury, London EC2V 7RF or by fax on &#043;44 20 7325 8205.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Yours faithfully,
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="55%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
<B>J.P. Morgan Securities Ltd.</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Name:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Title:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
<B>Telenor East Holding II AS</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Name:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Title:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="right" style="font-size: 10pt"><!-- Folio --> Page 27 of 27 <!-- /Folio -->
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</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.3
<SEQUENCE>4
<FILENAME>u11394exv99w3.htm
<DESCRIPTION>EX-99.3 - GUARANTEE AGREEMENT
<TEXT>
<HTML>
<HEAD>
<TITLE>exv99w3</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><b>Exhibit&nbsp;99.3</b><BR>
Conformed Copy
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><U>GUARANTEE AGREEMENT</U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This Guarantee Agreement (this &#147;<B>Guarantee</B>&#148;) is entered into on the 22nd day of July&nbsp;2011 between:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Telenor ASA, a company incorporated under the laws of Norway with its registered office at
Snar&#248;yveien 30, N-1331 Fornebu, Norway (the &#147;<B>Guarantor</B>&#148;); and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>J.P. Morgan Securities Ltd., a company incorporated under the laws of England with its
registered office at 125 London Wall, London EC2Y 5AJ, United Kingdom (the &#147;<B>Beneficiary</B>&#148;).</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>WHEREAS:</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">A.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Telenor East Holding II AS (the &#147;<B>Principal</B>&#148;) has become a party to the Confirmation dated 22
July&nbsp;2011 (as amended, supplemented or otherwise modified and in effect from time to time in
accordance with the terms thereof, the &#147;<B>Confirmation</B>&#148;), including the indemnity set forth in
Section&nbsp;4 thereof (the &#147;<B>Indemnity</B>&#148;), that supplements, forms a part of, and is subject to, the
ISDA Master Agreement (including the Schedule thereto) dated as of 22 July&nbsp;2011 (the &#147;<B>ISDA
Master Agreement</B>&#148;), as amended and supplemented by the 1995 ISDA Credit Support Annex
(Bilateral Form-Transfer), dated as of 22 July&nbsp;2011 (the &#147;<B>Transaction CSA</B>&#148;, and together with
the ISDA Master Agreement and the Confirmation (including the Indemnity), as further amended
and supplemented from time to time, the &#147;<B>Agreement</B>&#148;), with respect to the total return swap
transaction with the Beneficiary that is described in the Confirmation and the related
Transaction CSA (the &#147;<B>Transaction</B>&#148;); and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">B.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Guarantor has executed this Guarantee at the request of the Principal as security for the
due and punctual payment, observance and performance of all of the Principal&#146;s obligations in
respect of the Transaction under the Agreement (including, for the avoidance of doubt, with
respect to the Indemnity).</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>NOW THEREFORE</B>, the parties agree as follows:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Subject to the terms of this Guarantee, the Guarantor hereby irrevocably and unconditionally
guarantees to the Beneficiary, as primary obligor and for its account upon the Beneficiary&#146;s
first demand (Norwegian: &#147;<I>p&#229;kravsgaranti</I>&#148;), the due, complete and punctual payment of all
amounts which are or may become due and payable by the Principal, and the due, complete and
punctual performance of all other obligations, agreements, covenants, indemnities and
undertakings of the Principal in respect of the Transaction under the Agreement, including
with respect to the Indemnity, together with all claims for damages, losses, costs and/or
expenses arising from or in connection with the failure punctually and completely to pay or
perform such obligations, agreements, covenants, indemnities and undertakings (such
obligations, agreements, covenants, indemnities and undertakings being guaranteed hereunder,
collectively, the &#147;<B>Guaranteed Obligations</B>&#148;).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In addition to its guarantee of the Guaranteed Obligations, the Guarantor shall indemnify the
Beneficiary on first demand against any and all loss or liability suffered by the Beneficiary if
any Guaranteed Obligations are or become unenforceable, invalid or illegal as if such Guaranteed
Obligations had not become unenforceable, invalid or illegal.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The aggregate liability of the Guarantor hereunder, including any liabilities in respect of
default interest, fees, costs and expenses, shall be limited to USD 1,000,000,000.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>This Guarantee is a continuing guarantee and shall not be satisfied, discharged or affected
by any intermediate payment or discharge in whole or in part. There is no limit on the number
of claims that may be made by the Beneficiary.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>This Guarantee shall be a primary obligation of the Guarantor, and the Beneficiary shall not
be obliged before claiming under this Guarantee or enforcing the obligations under this
Guarantee to take any action in any court or arbitral proceedings against the Principal, to
make any claim against or any demand of the Principal, to proceed or enforce any other right
or security held by the Beneficiary (or anyone else) in respect of the Guaranteed Obligations
or to enforce any process of execution against the Principal.</TD>
</TR>




</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->1<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>This Guarantee is an &#147;on demand&#148; guarantee, independent of the underlying relationship.
Accordingly, the Guarantor waives any and all defenses, objections and similar actions based on
(and/or arising from) the Guaranteed Obligations, underlying relationships, agreements and other
transactions whatsoever.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Guarantor&#146;s obligations herein shall be paid in full upon the Beneficiary&#146;s first demand,
free of any set-off, counterclaim, reduction, objection or defenses by the Guarantor.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If any payment by the Principal or any discharge given by the Beneficiary is avoided or
reduced as a result of insolvency or any similar event:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the liability of the Guarantor shall continue as if the payment, discharge, avoidance
or reduction had not occurred; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Beneficiary shall be entitled to recover the value or payment from the Guarantor,
as if the payment, discharge, avoidance or reduction had not occurred.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The obligations of the Guarantor under this Guarantee will not be affected, reduced, released
or prejudiced by any act, omission, matter or thing which, but for this Clause 5, would
reduce, release or prejudice any of its obligations under this Guarantee, including, but not
limited to:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any time, waiver or consent granted to, or composition with, the Principal;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any incapacity or lack of power, authority or legal personality of or dissolution or
change in the members or status of the Principal or any other person;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any unenforceability, illegality or invalidity of the Guaranteed Obligations, including
any obligation with respect to the Indemnity;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any insolvency or similar proceedings; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(e)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any other act or omission which would have not been discharged or affected the
liability of the Guarantor had it been principal debtor instead of guarantor or by anything
done or omitted which but for this provision might operate to exonerate the Guarantor.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">6.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Until all Guaranteed Obligations have been paid in full, the Guarantor waives all rights of
subrogation which it may at any time otherwise have as a result of this Guarantee and any
right to enforce any other remedy which the Guarantor has or may have against the Principal
and any right to claim or prove as creditor of the Principal in competition with the
Beneficiary.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">7.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>This Guarantee (i)&nbsp;is valid until all Guaranteed Obligations (other than with respect to the
Indemnity) are paid in full, and (ii)&nbsp;with respect to the Indemnity, survives the termination
of the Confirmation; <I>provided </I>that notice of any claim under the Guarantee with respect to the
Guaranteed Obligations (other than with respect to the Indemnity) must be given not later than
30 Business Days (as defined in the Confirmation) after the date on which notice is given to
the Principal of the Beneficiary&#146;s or the Calculation Agent&#146;s (as defined in the Confirmation)
final determination of the amounts due and owing upon termination or final settlement of the
&#147;Transaction&#148; under the Confirmation (whether in respect of the early termination, cash
settlement, early unwind or otherwise of such Transaction).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">8.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any claim or notice made or given by the Beneficiary to the Guarantor under this Guarantee
shall be deemed to be sufficiently made and given if in writing and sent by letter or telefax
to the following address(es):</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="39%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="56%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><I>with a copy to:</I></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Telenor ASA
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Advokatene i Telenor</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Snar&#248;yveien 30
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Snar&#248;yveien 30</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">N-1331 Fornebu, Norway
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">N-1331 Fornebu, Norway</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Facsimile No.: &#043;47 67 58 10 53
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Facsimile No.: &#043;47 67 89 24 32</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Attention: Group Treasurer
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Attention: Bj&#248;rn Hogstad</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><I>and a copy to:</I></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Orrick, Herrington &#038; Sutcliffe (Europe) LLP</TD>
</TR>
<!-- End Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">107 Cheapside</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">London EC2V 6DN, United Kingdom</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Facsimile No.: &#043;44 20 7862 4800</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Attention: Peter O&#146;Driscoll</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>




<P align="center" style="font-size: 10pt"><!-- Folio -->2<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any such notice shall be deemed to have reached the Guarantor (i)&nbsp;if by letter, when left at the
relevant address or five working days after being deposited in the post prepaid in an envelope
addressed to the Guarantor at that address, or (ii)&nbsp;if by fax, when dispatched, but only if the
Beneficiary has a record which shows that transmission to the correct fax number was effectively
made.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">9.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Beneficiary shall not assign or transfer any of its rights under this Guarantee without
the prior written consent of the Guarantor except if a transfer is made in connection with any
transfer or assignment under Section 5(b) (&#147;Transfer or Assignment&#148;) of the Confirmation.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">10.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Financial Contracts Act of 25 June&nbsp;1999 no. 46 (Norwegian: &#147;Finansavtaleloven&#148;) shall not
(to the extent applicable) apply to this Guarantee.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">11.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>This Guarantee shall be governed by and construed in all respects in accordance with the laws
of Norway. Any dispute arising out of or in connection with this Guarantee shall be resolved
by the courts of Norway, legal venue to be Asker og B&#230;rum Tingrett.</TD>
</TR>







</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->3<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">IN WITNESS WHEREOF, the parties hereto have executed this Guarantee as of the date first above
written.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="35%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="60%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Jon Fredrik Baksaas<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
<B>Telenor ASA, as Guarantor</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Name: Jon Fredrik Baksaas</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Title: President and CEO</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Maarten Petermann<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
<B>J.P. Morgan Securities Ltd., as Beneficiary</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Name: Maarten Petermann</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Title: Managing Director</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>



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</SEC-DOCUMENT>
