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Regulatory press release

TEL: Telenor continues to deliver on security offering and growth

Telenor
Telenor has completed the first half of 2024 with solid results in both the
Nordics and Asia. Strategic investments in technology and cybersecurity provide
a solid foundation for further growth.

Service revenues in the second quarter ended at NOK 16.3 billion, corresponding
to an organic increase of 4.5 per cent compared to the same period last year.
EBITDA ended at NOK 8.8 billion, corresponding to organic growth of 3.8 per
cent. Telenor generated a free cash flow of NOK 2.2 billion in the period.

Telenor Nordics and Telenor Asia delivered four and six per cent organic growth,
respectively, in service revenues during the second quarter of the year
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