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Regulatory press release

TEL: Telenor refinances revolving credit facility with 10 banks

Telenor
Telenor has signed a EUR 1,800,000,000 multicurrency and sustainability linked
revolving credit facility ("Facility") with a syndicate of 10 banks. The
Facility matures in June 2028, with options for extension until June 2030 on
certain terms. The Facility replaces an existing credit facility due to expire
in April 2025. The syndicate consists of the following banks (in alphabetical
order): Barclays, Citi, Danske Bank, HSBC, ING, Mizuho, Nordea, SEB, SMBC and
Standard Chartered. Danske Bank, ING and Mizuho have acted as coordinators for
the Facility.
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