Jon Fredrik Baksaas
President and CEO

Elected: 21 June 2002
Stocks/options in the Group: 71,786 stocks, 330,000 options per 04.08.2008.

Experience: Mr. Baksaas joined Telenor in 1989. During his tenure with Telenor, he has served as Finance Director, Executive Vice President and CEO of TBK A/S (a wholly-owned Telenor subsidiary), before serving as Group CFO from November 1994 until 1997 when he was appointed Deputy CEO. Before joining Telenor, Mr. Baksaas held finance-related positions in Aker AS, Stolt-Nielsen Seaway and Det norske Veritas. He is also a board member of Svenska Handelsbanken AB.

Education: Master of Science in Business Administration from the Norwegian School of Economics and Business Administration in Bergen and additional qualifications from IMD in Lausanne, Switzerland.

Sigve Brekke
Executive Vice President and Head of the Telenor Asia operations

Elected: September 2008
Stocks/options in the Group: 9,270 stocks, 40.000 options per 10.11.2008

Experience: Mr. Brekke joined the Telenor Singapore office in 1999 as Manager Business Development and later Managing Director. Mr Brekke served as co-Chief Executive Officer of dtac from 2002 to 2005, and Chief Executive Officer of dtac from 2005-2008. Prior to joining Telenor, Mr. Brekke has served as the Deputy Minister (State Secretary) of Defence in Norway in 1993, and has also held position as an associate research fellow at John F. Kennedy School of Government, Harvard University in the USA.

Education: Master of Public Administration, John F. Kennedy School of Government, Harvard University

Morten Karlsen Sørby
Executive Vice President and Head of the Nordic Operations

Elected: January 2003 / January 2005
Stocks/options in the Group: 22,629 stocks, 55,000 options per 04.08.2008.

Experience: Mr. Sørby joined Telenor in 1993 where he has held a number of senior positions, including Deputy Chief Executive Officer of Telenor Mobile and General Manager of Telenor International AS. He has previously worked at Arthur Andersen & Co in Oslo, Norway.

Education: Master of Science in Business administration. He is a state licensed public accountant (Norway). He also has qualifications from the International Institute for Management Development, IMD, in Lausanne, Switzerland.

Jan Edvard Thygesen
Executive Vice President and Head of the Central/Eastern European operations of Telenor

Elected:1999
Stocks/options in the Group: 64,015 stocks, 205,000 options per 04.08.2008.

Experience: Since joining Telenor in 1979, Mr. Thygesen has held various positions, including Chief Executive Officer of Sonofon, Executive Vice President and General Manager of Telenor Nordic Mobile, Executive Vice President of Telenor Mobil, President of Telenor Invest AS, Executive Vice President of Telenor Bedrift AS and President of Telenor Nett AS. He has also served as President of Esat Digifone and Televerket.

Education: Bachelor of Science in Electronics and Telecommunications from the Norwegian Institute of Technology.

Trond Ø. Westlie
Executive Vice President and Chief Financial Officer (CFO)

Elected: 2006
Stocks/options in the Group: 25,795 stocks, 55,000 options per 04.08.2008.

Experience: Westlie joined Telenor in 2004, coming from Aker Kværner ASA, previously Aker Maritime ASA, where he was Executive Vice President and CFO. He has previously held a number of positions at Aker RGI ASA, including Executive Vice President Business Development and Senior Vice President Investor Relations. Mr. Westlie has also held managerial positions in auditing departments at KPMG (Norway) and Richard Eisner & Co (New York).

Education: He is a Certified Public Auditor and was educated at the Norwegian School of Economics and Business Administration in Bergen.

Bjørn Magnus Kopperud
Executive Vice President and Head of Human Resources

Elected: January 2006. Since 2003 he has served as Head of Group Human Resources.
Stocks/options in the Group: 11,094 stocks, 90,000 options per 04.08.2008.

Experience: Mr. Kopperud joined Telenor in 1994 and has held a number of senior positions at Telenor, including Executive Vice President of Telenor Mobile AS, Managing Director at Telenor Global Services AS and Managing Director at Telenor Global AS.

Education: Master of Science in Computer Science from the Norwegian Institute of Technology and additional qualifications from Business Management studies at both the International Institute for Management Development, IMD, in Lausanne, Switzerland and INSEAD, Institut Européen d’Administration des Affaires.

Ragnar H. Korsæth
Executive Vice President and Head of Global Coordination

Elected: January 2006
Stocks/options in the Group: 6,663 stocks, 83,333 options per 04.08.2008.

Experience: Mr. Korsæth joined Telenor in 1997, and has held a number of senior positions, including Chief Operating Officer of Telenor International Mobile, Chief Financial Officer of Telenor Mobile and Finance Director at Telenor International.

Education: Master of Science in Business Administration and additional qualifications as Certified Financial Analyst (EFFAS) from the Norwegian School of Economics and Business Administration (NHH) in Bergen.

Hilde M. Tonne
Executive Vice President and Head of Group Communications

Elected: 1 September 2007
Stocks/options in the Group: 6,415 stocks, 0 options per 10.11.2008.

Experience: Ms. Tonne came from Norsk Hydro, where she was Head of Technology and Research in Hydro Oil & Energy. During the years from 1991 to 1999 Ms. Tonne held various positions in Saga Petroleum. From 2000 to 2007 she served in various managerial positions in Hydro - including the position as Head of Communication in Hydro Oil & Energy.

Education: Master of Science in Petroleum Technology from the Norwegian Institute of Technology in Trondheim, Norway and RWTH Aachen in Germany.