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Regulatory press release

TEL: Proposed dividend of NOK 9.60 per share for the financial year 2024

Telenor
The Telenor Board of Directors will propose a total dividend of NOK 9.60 per
share for the financial year 2024 to the Annual General Meeting in May 2025.

The dividend will be split into two tranches of NOK 5.00 and NOK 4.60 per share
to be paid in June and October 2025, respectively. The total ordinary dividends
proposed for the financial year 2024 is NOK 13.1 billion. The two tranches will
have separate ex. dividend and record dates.

The expected dividend dates for 2025 will be available at Telenor Group's
investor site on www.telenor.com/investors/.
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