ELECTED OFFICERS AND MANAGEMENT

CORPORATE ASSEMBLY
Members elected by the shareholders

Chairman Mona Røkke, Tønsberg
Vice-chairman Randi Braathe, Rygge
Bjørg Simonsen, Mo
Jostein Devold, Kristiansand
Rune Selmar, Oppegård
Hans Olav Karde, Tromsø
Jan Erik Korssjøen, Kongsberg
Nils-Edvard Olsen, Kirkenes
Signe Marie Jore Ritterberg, Oslo
Jørgen Ole Haslestad, Germany

Shareholder-elected alternates
Inger-Grethe Solstad, Stavanger
(1. alternate)
Stener Lium, Ranheim (2. alternate)
Siri Pettersen Strandenæs (3. alternate)

Members elected by the employees
Berit Kopren, Stavanger
Jan Riddervold, Lillehammer
Astri Skare, Bergen
Stein Erik Olsen, Bergen
Arne Jenssen, Trondheim

Alternates elected by the employees
Erling Hjertnes, Bergen
Esther M. Strømme, Oslo
Francisco M. Rasmijn, Nesoddtangen
Ragnhild Holm, Bardu

Observers for the employees
Grethe Elin Henriksen, Oslo
Brit Østby Fredriksen, Drøbak

THE BOARD OF DIRECTORS
Members elected by the shareholders

Board chairman Thorleif Enger, Oslo
Vice-chairman Bjørg Ven, Oslo
Hanne de Mora, Switzerland
Einar Førde (deceased 26. September 2004)
Jørgen Lindegaard, Copenhagen
Liselott Kilaas, Oslo
John Giverholt, Asker

Members elected by the employees
Harald Stavn, Kongsberg
Per Gunnar Salomonsen, Skien
Irma Tystad, Trysil

Alternates elected by the employees
Ragnhild Laura Hundere, Sel
Marianne Losnegaard Jensen, Oslo
Ragnhild Broen, Trondheim
Roger Rønning, Skotterud
Helge Enger, Brandval
Hjørdis Henriksen, Sortland

GROUP MANAGEMENT

President and Chief Executive Officer
Jon Fredrik Baksaas

Senior Executive Vice President and CEO of Telenor Mobile
Arve Johansen

Senior Executive Vice President and Chief Financial Officer
Torstein Moland

Executive Vice President and Chief Technical Officer
Berit Svendsen

Executive Vice President and CEO of Telenor Nordic
Jan Edvard Thygesen

Executive Vice President and CEO of Telenor Networks
Åsmund Løset

Executive Vice President and CEO of Telenor Norge
Morten Karlsen Sørby

Executive Vice President and CEO of Telenor Broadcast
Stig Eide Sivertsen

ANNUAL REPORTS ON THE WEB
Telenor's annual reports since 1994 are published on the Group website. www.telenor.com/ir/annual_reports

SOCIAL REPORT
Telenor's corporate social responsibility, including goals, actions and results, is described in a separate section on Telenor's Internet site. www.telenor.com/csr

This report contains statements regarding the future prospects of Telenor, involving growth initiatives, profit figures, strategies and objectives. The risks and uncertainties inherent in all statements regarding the future can lead to actual profits and development deviating substantially from what has been expressed or implied. The risk factors associated with Telenor’s business activities are also described in form 20-F, which has been submitted to the Securities and Exchange Commission: (Available on: www.telenor.com/ir/annual_reports)