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2014-05-05

Telenor: Proposal for new board member to Telenor ASA

(Fornebu 5 May 2014) Telenor's Nomination Committee has put forward a proposal
that Jon Erik Reinhardsen (Born 1956) be elected as new member of the board
of Directors of Telenor. The proposed candidate will succeed Hallvard Bakke,
who has served on the Board of Directors since 19. May 2011.

Reinhardsen is President and CEO of Petroleum Geo-Services (PGS), a position
he has held since April 2008. Prior to joining PGS, he has held executive
positions in Alcoa, Aker Kvaerner and Aker Maritime. He is a member of the
Board of Directors in Cameron International Corp, Hoegh LNG Holdings Ltd. and
Awilhelmsen Management AS. He has until recently served on the Board of
Directors of Hoegh Autoliners Holdings AS.

Reinhardsen has also been a board member of the Norwegian government initiated
OG21 and INTSOK and a member of the visiting committee of Massachusetts
Institute of Technology's (MIT) Ocean Engineering Department.

Reinhardsen obtained a Master`s degree in Applied Mathematics and Geophysics
from the University of Bergen, Norway. In 1991 he completed the International
Executive Program at the Institute for Management Development (IMD) Lausanne,
Switzerland.

Members to the Board of Directors are proposed by the Nomination Committee and
elected by the Corporate Assembly, in a meeting to be held on 14 May.

For more information

Anders Skjævestad
Chairman of the Nomination Committee
Mobile: +47 934 07 403

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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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