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Regulatory press release

TEL: Reduction of share capital

Telenor
In accordance with the resolution of the Annual General Meeting 7 May 2024,
Telenor ASA has on 28 June 2024 reduced the share capital with a total of NOK
186,648,264. This is done by cancelling 14,320,524 own shares and by redeeming
16,787,520 shares held by the Norwegian State through the Ministry of Trade,
Industry and Fisheries.

The share capital subsequent to the capital reduction is NOK 8,210,099,934
divided into 1,368,349,989 shares, each with a par value of NOK 6.00.

Updated certificate of registration is enclosed.
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