Telenor Board of Directors welcomes extension of CEO Jon Fredrik Baksaas' tenure

The Board of Directors of Telenor ASA has asked CEO
Jon Fredrik Baksaas, who turns 60 years in
November, to prolong his contract throughout 2015.
Baksaas has accepted.

As of 1 January 2016, Baksaas will act as special
advisor to Telenor for 12 months, reporting to the
Board.

For further information, please contact:
Mr. Svein Aaser, Chairman of the Board of Telenor
ASA, phone: (+47) 476 11 476