Telenor Fourth quarter and preliminary results for 2007

World’s seventh largest mobile operator

FORNEBU — With 30 million new subscriptions in 2007, Telenor is now ranked as the world’s seventh largest mobile operator with a total of 143 million subscriptions in its mobile operations. The high underlying revenue growth continued in the fourth quarter of 2007.

BROADCAST

Telenor Broadcast includes:

• Canal Digital Group
  – revenues from pay TV subscribers and basic tier households on DTH (direct to home), cable TV subscribers, households in SMATV networks and DTT (Digital terrestrial TV) pay TV subscribers.
• Transmission & Encryption
  – revenues from satellite services from satellite position 1-degree west, and revenues from terrestrial radio and TV transmission in Norway and revenues from conditional access systems.

No. of subscriptions – Change in quarter/Total (in thousands):

                           4th quarter      Year
                            2007  2006   2007  2006
DTH pay TV                   (3)    14    932   943
Cable TV                      4      5    705   696
Households in satellite
master antenna TV networks    6      1   1174  1155
Cable TV Internet access     13      7    127    91

A new satellite, Thor 5, was launched 11 February 2008 and is expected to be in operation from the end of the first quarter of 2008.