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2014-05-16

Telenor: Telenor Group appoints three new Executive Vice Presidents

(Fornebu 16.05.2014) Telenor Group today announces a change to its
organizational structure through the appointment of Henrik Clausen (50),
Katja Christina Nordgaard (52) and Pål Wien Espen (49) as Executive Vice
Presidents and new members of Group Executive Management (GEM) in Telenor
Group.

"Telenor Group operates in an increasingly fast-paced and complex environment.
We have decided to merge the Strategy and Digital units and establishing a
new Corporate Affairs unit in order to increase our ability to meet the
demands from our customers and solve business challenges in our markets. It
will provide us with the flexibility and strength needed to take a leading
role in the digital future," said Jon Fredrik Baksaas, President and CEO of
Telenor Group. "I welcome Henrik, Katja and Pål to the top management team
and look forward to further strengthening our company."

Aligning Digital initiatives with Group Strategy

A new Group Strategy and Digital unit will be responsible for Telenor Group's
overall strategy, drive Telenor's digital agenda and support the company's
operations in the digital services space. The new unit will be headed by
Henrik Clausen. Clausen starts in his new position on 15 June 2014.

Henrik Clausen comes from the position of CEO of Malaysian mobile operator
DiGi. Since taking the helm at DiGi in 2010, the company has continuously
delivered solid results and consistently captured market share in Malaysia.
The company's growth has been fueled by increased demand for mobile data,
driven by the growing popularity of content services in the mature Malaysian
market. DiGi is known as an innovative industry player and frontrunner in
providing mobile internet services. The company has been a pioneer in
deliveringInternet for All
, which now is one of Telenor Group's three strategic pillars across its 13
markets. Under Clausen's leadership, DiGi has been able to strike a
successful balance between focused market execution and an open company
culture that encourages participation and passion.

Establishing a new Corporate Affairs Unit

Combining Corporate Communications, Sustainability and Government Relations
into one Corporate Affairs unit enables Telenor to maximize the existing
capabilities of these essential areas, and to further strengthen our
communication and interaction with key stakeholders, including governments
and the public. This change reflects how Telenor's business units are
currently organized. The new Corporate Affairs unit will be headed by Katja
Christina Nordgaard, who will start in her new role on 4 August 2014.

Nordgaard currently holds the position as Norwegian Ambassador to Thailand and
Cambodia. In the years 2010 to 2013, she also served as the Norwegian
Ambassador to Myanmar. She joined the Norwegian Ministry of Foreign Affairs
in 1988, and has during her career held various senior positions within the
Foreign Service as well as in the private sector. Katja Nordgaard has a
Master in Business Administration from the Norwegian School of Economics
(NHH).

Formalizing legal affairs position in Group Executive Management

Pål Wien Espen has already been participating in Group Executive Management
meetings as Telenor Group's General Counsel and Head of Group Legal. By
appointing him as Executive Vice President, Telenor Group is emphasizing the
importance of Telenor Group's legal affairs department. The appointment is
effective immediately.

Pål Wien Espen joined Telenor in 1995. Before joining Telenor, he was an
associate at the Norwegian Law firm BAHR, and an assistant judge in the first
instance court in Lillestrøm, Norway.

Overview of the new Group Executive Management

With these appointments, Telenor Group Executive Management will consist of:

* Jon Fredrik Baksaas, President and CEO
* Richard Olav Aa, EVP and Chief Financial Officer
* Sigve Brekke, EVP and Head of Asian Operations
* Kjell Morten Johnsen, EVP and Head of European Operations
* Hilde Tonne, EVP and Head of Group Industrial Development
* Henrik Clausen, EVP and Head of Strategy and Digital
* Jon Erik Haug, EVP and Head of People Development
* Berit Svendsen, EVP and Head of Telenor Norway
* Katja Christina Nordgaard, EVP and Head of Corporate Affairs
* Pål Wien Espen, EVP and Head of Legal Affairs

Downloads

Photo of Katja Christina Nordgaard

Photo of Henrik Clausen

Photo of Pål Wien Espen

For more information

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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