Telenor sells its Inmarsat shares

Press Releases: 14 March 2006

Telenor has today sold 21 165 518 shares in Inmarsat PLC at £3.78 per share.

The transaction will provide Telenor with total sales proceeds of £ 79.5 million and a financial gain of approximately NOK 906.1 million. The sale represents 4.6 percent of the share capital in Inmarsat. After the transaction Telenor owns 0 percent of Inmarsat.

Contact

Scott Engebrigtsen, Head of Information at Telenor ASA

tel +47 90 04 34 84