Trades by primary insiders

Pursuant to a share programme for employees, the
following primary insiders in Telenor ASA have on 14
March 2014 acquired Telenor shares at the average
price of NOK 124.73.

Number of shares acquired / Holdings after the
transaction (including related parties):

- Jørgen Finnby 146/1,003
- Pål Grønsund 101/1,296
- Åse Mathilde Beate Selfjord 49/49