TELENOR ASA – Capital Markets Day, 24 May, 2006

Telenor’s Capital Markets Day 2006 will be held on Wednesday 24 May.

The day’s programme will provide an insight into Telenor’s strategies, future development and business areas.

Date: Wednesday, 24 May

Time: 09.00 – 15.00

Place: Telenor Expo, Visitor Centre, Snarøyveien 30, Fornebu, near Oslo

The official programme begins at 09.00 Norwegian time/CET, and ends at 15.00.

Lunch will be served, and there will be refreshments after the official programme.

Please register here:

http://expo.telenor.no/cmd/2006

by Friday 19 May, 2006

For further information, please contact:

Erling Thune, tel: +47 67 89 26 56

Tolle Grøterud, tel: +47 67 89 39 53 or

Hanne Aune, tel: +47 67 89 25 38

Email:

IR@telenor.com

Best regards,

Telenor ASA,

Investor Relations