TELENOR

T E L E N O R G R O U P FA C T S B Y Q 3 2 0 1 6

• More than 211 million consolidated mobile subscriptions

• 36.000 employees

• Mobile operations in 13 markets in Norway, Europe and Asia

• Revenues 2015: NOK 128 billion (USD 14 billion)

• Market cap 2015: NOK 202 billion (USD 22 billion

Holds an economic share and a voting interest of 23.7 % in VimpelCom Ltd. with 200+ mill. subscribers in 14 markets

20%

22% 50%

5% 3%

NorwayEurope excl NorwayAsiaBroadcastOther

3.1

2.6

1.8

3,5

3,2

3,5

55,0

44,7

38,2

24,0

12,2

17,8

Norway

Sweden

Denmark

Bulgaria

Hungary

Montenegro & Serbia

Bangladesh

India

Pakistan

Thailand

Malaysia

Myanmar

REVENUE DISTRIBUTION

SUBSCRIPTIONS PR. COUNTRY

S T R O N G S U B S C R I P T I O N A N D R E V E N U E G R O W T H

0.6 11.2

52 70

80 91

120

147 166

186 203

0

50

100

150

200

250

1995 2000 2007 2008 2009 2010 2011 2012 2013 2014 2015

14.2

36.2

55

75 86 88 90 94

99 102 104 107

128

0

20

40

60

80

100

120

140

1995 2000 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Revenue in billion NOK No. of mobile subscriptions world wide, in millions

G E O G R A P H I C S P L I T O F K E Y F I N A N C I A L S I N 2 0 1 5

21%

20% 51 %

5% 3 %

Revenues

Norway Europe Asia Broadcast Other

28%

18% 55%

-1%

EBITDA

Norway Europe Asia Other

29%

23% 53%

-6%

Operating cash flow

Norway Europe Asia OtherContinued operations. EBITDA before other items ”Other” includes Broadcast, Other Units/Group functions and eliminations

Focus on Growth and Value Creation

TELENOR GROUP

Strong retail operator, with a great share of Communication and Connectivity Services

New digital services

S T R AT E G I C A M B I T I O N S 2 0 1 6 - 2 0 2 0

Securing growth as the customers’ favourite partner in digital life

T E L E N O R G R O U P E X E C U T I V E M A N A G E M E N T ( G E M )

President & CEO Sigve Brekke

Finance*

Chief Financial Officer (CFO)

Jørgen C. Arentz

Tostrup

People

Chief People Officer (CPO)

Jon Erik Haug

Markets

Chief Marketing

Officer (CMO)

Vivek Sood

Asia

Technology

Chief Technology

Officer (CTO)

Ruza Sabanovic

Digital Businesses

Chief Digital Officer (CDO)

Jon Gravråk

Asia

Corporate Affairs

Chief Corporate

Affairs Officer (CCAO)

Wenche Agerup

Business Units X 12

*incl. Telenor Broadcast Holding

Transform-ation

Chief Transfor-

mation Officer (CTRO)

Morten Karlsen Sørby

Points of Presence (PoP) Oslo, London, Frankfurt, Budapest,

Amsterdam, Hong Kong and Singapore

Telenor Global Wholesale

Wholesale provider International voice, roaming, roaming connect

solutions, connectivity services

Gateway To and from Telenor Group operations

worldwide

G L O B A L W H O L E S A L E – A G R O W I N G C O M PA N Y

Miami

Dubai

Oslo Stockholm

Singapore

London Budapest

Nairobi

Madrid Bangkok

Dublin

Podgorica

Beograd

TLC, Pakistan

Salman Malik

Markets

Kim Krogh Andersen

Sales

Wansit (Jeremy) Saiyawan

CEO

Harald Krohg

Technology

Per Lorentsen

Finance

Torhild

Einstabland

d

M A N A G E M E N T T E A M

Strategy and Business Dev.

Olav

Sande

Dtac, IB Thailand

Wansit (Jeremy) Saiyawan

Group Processes

Rada Drobnjak

HR

Eirik

Nielsen

I P X G A T E W A Y F O R T H E T E L E N O R G R O U P C O M P A N I E S

Enables you to reach

211 million subscribers via our IPX

connecting Telenor Myanmar to the rest of the world making it possible for people throughout the country to enjoy international quality voice and SMS services.

Challenging market

In close collaboration with our suppliers we have developed new technical solution to cater for geographical challenges.

55

Collaboration Myanmar - «Digital IPX-Frontrunner». Through “All IP” and increased connectivity people throughout the country are now able to reach family members living and working in the neighbouring countries.

Lack of infrastructure and technical solutions. Low voice quality and high rates.

Estimated population of app. 55 mill. people in Myanmar

50 % mobile penetration 50

Innovation

Telenor has shown innovation on technical solutions in markets where such solutions has not been an obtainable option

C U T T I N G E D G E T E C H N O L O G Y I N G R E E N F I E L D M A R K E T S - connecting millions of people to the digital world

G L O B A L

VOICE High quality termination through direct routes

Quality and Service Management Teams

Competitive rates with quality in focus

Worldwide connections

G L O B A L

VOLTE INTERWORKING & ROAMING

VoLTE calling internationally Access to services while travelling Faster call set up time Better call Quality HD Voice Simultaneous Voice and Data sessions Rich Communication Services Improved battery life Multi-party conferencing

G L O B A L

HD VOICE

More effective conference calls Noise reducing capabilities Increased billable minutes by extended and

higher quality voice calls Improved quality of conference calls Use of wideband technology provides deeper

clarity and better audio Add depth and nuance to the transmitted

sound while reducing bandwidth requirements

Global VoIPX

Flexibility Class of Service (CoS) Multi – VPN 24/7 monitoring

G L O B A L

LTE ROAMING EXCHANGE

.

LTE roaming for voice, video, data, messaging

High quality Diameter signalling network

Gateway to Telenor MNOs

Reporting and performance management

Access to on-net/off-net LTE networks

GSMA approved SLA’s and security parameters

G L O B A L

DATA ROAMING

Coverage over 2G, 3G, 4G Fully compliant and dedicated IPX Secure and cost efficient IP access Supports GTP v1 and GTP v2 (S8) VoLTE ready network Online IP monitoring tool 27/7 NOC with proactive monitoring

G L O B A L

GSM ROAMING SIGNALLING

State of the art SMS filtering Enables roaming voice, messaging

and data Access to SS7 international signalling

network Direct destinations Extensive experience Worldwide coverage via one

connection Quality reports

G L O B A L

SMS

Single point of connection Two-way destinations Interworking through different

technologies Mobile Number Portability support 24/7 monitoring Advanced election tool Opportunities SMS revenue growth GSMA certified SMS Hub Provider

G L O B A L

ENTERPRISE MESSAGING

One interconnect with Telenor Direct connection to Telenor Operators, secure delivery

and accurate delivery reports The one and only gateway to all Telenor BU’s Best price for white termination to the Telenor Group Secure way for delivery

SMS PROTECT

Enables customers to allow SMS traffic from only the sending operators which have signed AA19 agreements to reach their network.

A globally partnered Telenor SMS Hub as an alternative to AA19 agreement.

Detection of Spam, Spoof, Flooding, Faking.

Management of black/white listing on GT, MSISDN, OA & DA.

Blocking of traffic for all grey routes securing revenue.

Efficient control of both A2P and P2P traffic from carriers, operators, aggregators, hubs, etc.

Service features

Platform capabilities

O U R V I S I O N : E M P O W E R S O C I E T I E S

We provide the power of digital communication, enabling everyone to improve their lives, build societies and secure a better future for all.

W E ’ R E H E R E TO H E L P O U R C U S TO M E R S

We exist to help our customers get the full benefit of being connected. Our success is measured by how passionately they promote us.

B E R E S P E C T F U L

K E E P P R O M I S E S

M A K E I T E A S Y

B E I N S P I R I N G

Amsterdam 1 Telecity Science Park 120 1098 XG Amsterdam Amsterdam 2 Vancis Science Park 121 1098 XG Amsterdam Budapest T-Systems/Dataplex 13 Asztalos Sándor street room 1F, Budapest Hungary

Frankfurt Equinix Telehouse Kleyerstrasse 90 60326 Frankfurt am Main Germany Hong Kong HKcolo Ltd Sino Favour Centre 1 on Yip Street Chai Wan, Hong Kong London Telecity 6&7 Harbour Exchange Lime Harbour London E14 9GE United Kingdom

Oslo 1 Kirkegata 9 0581 Oslo Norway Oslo 2 Østre Aker vei 18B Økern 0581 Oslo Norway

Singapore Equinix Singapore Pte. 20 Ayer Rajah Crescent, 139964 Singapore

IP Core Network