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2014-05-15

Telenor: New CEOs appointed to DiGi Telecommunications and Telenor in Sweden

(Fornebu, 15 May 2014) Telenor Group today announced that DiGi
Telecommunications has appointed Lars-Åke Norling (45) as the new Chief
Executive Officer (CEO), effective August 1, 2014. Norling currently holds
the position of CEO in Telenor Sweden. Norling will be succeeded by Patrik
Hofbauer (45) who will take on the role of CEO in Sweden, also effective
August 1. Hofbauer is currently CEO of Telenor Broadcast and Canal Digital.

Bringing experience from one of the world's most advanced telecom markets to
DiGi
"Lars-Åke has successfully strengthened Telenor Sweden's position in one of
the most highly advanced telecom markets in the world. I am confident that he
has the leadership skills to further develop the vibrant company culture and
the market know-how to deliver on our Internet for All ambition to our
Malaysian customers", said Sigve Brekke, Executive Vice President of Telenor
Group and Chairman of the Board in DiGi.com. "I want to thank Henrik Clausen
for his strong performance as he now moves on to new challenges in Telenor
Group."

During Norling's tenure, Telenor Sweden has delivered robust financial
results. The company has built an attractive internet proposition, with both
mobile and fixed offerings, in a highly competitive marketplace. Telenor
Sweden is the second largest operator in the country with 2.5 million mobile
subscriptions, 0.7 million fixed broadband subscriptions and approximately
1800 full time employees.

A seasoned telecom executive, Norling joined the broadband provider
Bredbandsbolaget in 1999, were he held a number of senior positions. In 2006,
he was appointed Head of Telenor Sweden's fixed network and a year later he
took on the position as CTO of Telenor Sweden. Since April 2009, Norling has
served as CEO of Telenor Sweden.

Patrik Hofbauer to take the helm in Telenor Sweden
"I am very pleased that Patrik will take over Telenor Sweden. As CEO of
Telenor Broadcast and Canal Digital he has solidified Telenor's position as a
leading provider of TV and Broadcast services to enterprises and households
in the Nordic region. I am confident that he will now continue Telenor
Sweden's solid growth path and drive the development of world class services
to further enhance the customer experience," said Kjell Morten Johnsen, EVP
of Telenor Group, and Chairman of the Board of Telenor Sweden."I want to
thank Lars-Åke for his significant achievements in Telenor Sweden. He is
leaving behind a company well-positioned for continued growth."

Patrik Hofbauer comes from the position of CEO of Telenor Broadcast and CEO of
Canal Digital. He has delivered solid financial growth, and established a
strong position in the Nordic TV distribution market. Some 920 000 households
across the Nordics choose Canal Digital as their DTH entertainment platform.
Telenor Broadcast is also a significant player in the European satellite
transmission industry, and has an international standing in terrestrial
transmission.

In his in career, Hofbauer has also held CEO positions in Clear Channel and
NEC Scandinavia. He has previously served as CEO of Canal Digital Sweden as
well.

Telenor Broadcast has started the process of finding Patrik Hofbauer's
successor, and a new CEO will be announced as soon as the process has been
finalized.

Downloads
Photo of Lars-Åke Norling

Photo of Patrik Hofbauer

Media contact
Glenn Mandelid
Head of Media Relations
Telenor Group
Mobile: +47 92 66 13 00

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Telenor via Globenewswire

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