Trades by primary insiders

The following primary insiders in Telenor ASA have on 16
November 2015 acquired Telenor shares at a price of NOK
148.52 per share. The purchases are related to mandatory
reinvestment of dividends.

Acquired shares/updated shareholding:

- Lars-Åke Norling 125 / 23,198
- Patrik Hofbauer 42 / 13,775
- Jesper Hansen 91 / 11,360
- Sharad Mehrotra 68 / 13,468
- Vivek Sood 106 / 8,962
- Albern Murty 179 / 13,415
- Ruza Sabanovic 52 / 2,131
- Rajeev Sethi 86 / 9,625