Changes to Telenor Group's Executive Management and new CEOs in Thailand and Myanmar

Being able to utilise expertise and hands-on experience across markets is among the great advantages of having strong positions in both Scandinavia and Asia. We rely on managers and experts who dare to step out of their comfort zone and take on challenges where they can learn and develop. I'm pleased to announce a set of changes that will make us stronger for the future and enable us to continue to deliver what matters most for our customers, said Sigve Brekke, President & CEO of Telenor Group.

Management changes in Asia The Board of Directors of dtac has appointed Alexandra Reich as new CEO, replacing Lars ke Norling who has already accepted a position outside Telenor Group. Reich joined Telenor Group in November 2016, and currently serves as CEO of Telenor Hungary and Head of Telenor Group's Central Eastern Europe cluster. She will take the helm of dtac prior to the end of the current CEO's tenure.

Sharad Mehrotra has been appointed CEO of Telenor Myanmar. Mehrotra joined Telenor in 2008 and has served in senior management positions in India and Myanmar, most recently as CEO of Telenor India. Mehrotra replaces Lars Erik Tellman, who has been appointed to a senior position in Telenor's Emerging Asia cluster supporting management, partnerships and business development of the cluster. The change is effective 1 August 2018.

Albern Murty, the CEO of Digi in Malaysia, will join Telenor Group's Executive Management team as responsible for the Developed Asia cluster. Murty will retain his CEO position in Digi and oversee Telenor's operations in Thailand and Malaysia, effective 1 August 2018.

Strengthening ownership capabilities at Group Wenche Agerup, currently Head of Corporate Affairs and member of Telenor Group's Executive Management, will head up a new unit, Group Holdings, which will be responsible for strengthening the follow-up and development of Telenor's investments in digital growth areas, telco-adjacent businesses and other areas like real estate and global wholesale. Agerup will enter her new role from 1 July 2018. The process to find a new Head of Corporate Affairs is ongoing. In the interim, H kon Bruaset Kj l, SVP and Head of Public and Regulatory Affairs will act in the role.

Telenor Group's Financial Services and Health sector operations, active in Bangladesh, Pakistan and Myanmar, will change reporting lines to the Emerging Asia cluster.

Changes in the Corporate Affairs function Siri Birgitte Bang Berge, currently Head of Group Legal, has been appointed General Counsel with immediate effect. She will report directly to the President & CEO.

Severin Roald, who has served as SVP and Head of Group Communications since 2015, has accepted a position outside Telenor. The process to find his replacement is ongoing.

Contact Atle Lessum, VP Telenor Group Communication

+47 415 05 645

atle.lessum@telenor.com

Bio on appointed leaders

Wenche Agerup, appointed SVP Group Holdings

Wenche Agerup is currently the EVP and Head of Corporate Affairs at Telenor Group, and has also held the role as General Counsel.

She was previously Executive Vice President, Corporate Staffs at Hydro, responsible for Legal Services, Corporate Social Responsibility (CSR), Human Resources and Organizational Development (HR), Health, Safety and Environment (HSE) and the Company Secretary.

She worked in Hydro from 1997 until January 2015, and held several positions including plant manager in rdal, Norway, and head of Mergers and Acquisitions (M&A). She has also headed Hydro's bauxite exploration activities in Western Australia.

Wenche Agerup holds a Law degree from the University of Oslo and an MBA from Babson College in Boston, USA

Albern Murty, incoming EVP for Developed Asia cluster and CEO, Digi, Malaysia (continued)

Albern Murty has spent the last 13 years in a variety of senior executive roles in Digi. In January 2014, Albern became the company's COO after serving as Chief Marketing Officer for a number of years. Before Digi, his previous experience includes business and commercial management roles in Lucent Technologies across the Asian region.

Albern Murty holds a Bachelor of Science in Marketing, and Bachelor of Science in Advertising Management from Portland State University, Oregon, USA. He is a Malaysian national.

Siri Birgitte Bang Berge, SVP Group Legal, appointed General Counsel

Siri Birgitte Bang Berge joined Telenor Group as SVP and Head of Group Legal in September 2016. Prior to joining Telenor, she worked as a partner in Kluge, a Norway-based law firm. She has also served as Head of Legal in several business areas in Aker Solutions, and she has worked in Wikborg Rein. Bang Berge has broad expertise in contract law within the oil and gas industry as well as in advisory when it comes to establishing operations in new geographic markets, including anti-corruption compliance.

Siri Bang Berge received her Law degree from the University of Bergen in 1998.

Alexandra Reich, incoming CEO, dtac, Thailand

Currently CEO at Telenor Hungary, a position she has held since joining Telenor Group in August 2016. Served as Executive Vice President and Head of Central Eastern Europe (CEE) cluster as a member of Telenor's Group Executive Management team until March 2018, when Telenor announced the divestment of its CEE assets.

Prior to joining Telenor Group, Reich served as EVP and Head of Mobile Business for Swisscom Enterprise for two years. She joined the Swiss company in 2009.

Alexandra Reich started her career in investment banking, but became a pioneer in the online business with her first own digital business start-up in 1986. She joined the telecommunications industry in 2001, holding roles at VIAG Interkom, General Manager of T-Online Austria, Chief Operating Officer (COO) at 3G Hutchison Austria and COO for private customers at Sunris

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