Trade by primary insider

Kjell-Morten Johnsen, Executive Vice President and Head of
Region Europe in Telenor ASA, has on 8 June 2015 sold 10,000
Telenor shares at NOK 177.86 per share. The transaction was
made through Johnsen's company Tøa Invest AS. After the
transaction, Kjell-Morten Johnsen (incl related parties)
holds 42,075 shares in Telenor.