Trade by primary insider

Sharad Mehrotra, Executive Vice President of Telenor Group and
Chief Executive Officer of Telenor India, has on 11 February
2016 sold 229 Telenor shares at NOK 120.46 per share. Including
the trades reported on 16 February 2016 and 1 March 2016,
Mehrotra's total shareholding (including related parties) is
7,122 shares.