Telenor (Canal Digital) Third Quarter 2008

FORNEBU — Revenues for Telenor (Oslo:TEL) in the first three quarters of 2008 increased by NOK 2,094 million, or 3%, mainly related to growth in number of subscriptions in Asian operations, a positive one-time effect in DTAC in the second quarter of NOK 400 million, as well as the acquisition of IS Partner in Norway and Tele2 in Denmark.

BROADCAST

Revenues in the Canal Digital Group increased primarily due to higher sales of additional services to Cable TV subscribers, in addition to hardware sales and price increases for DTH and Cable TV subscribers.

No. of subscriptions:

                       Change        Total First     Total
                    3rd quarter    Three quarters     Year
                    -----------    --------------    -----
                    2008   2007     2008     2007     2007
                    ----   ----    -----    -----    -----
DTH TV                 4      2    1,125    1,128    1,131
Cable TV               7      4      741      701      705

Revenues and EBITDA in Transmission & Encryption increased due to higher revenues from satellite transmission following the 2008 investment in the new satellite Thor 5, sale of capacity for the remaining life of the satellite Thor 2, digital terrestrial TV (DTT) transmission, and increased sales of conditional access cards. The analogue transmission network shut off in Norway was carried out in the fi rst region in March 2008, and is expected to be completed in November 2009.

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