Maintaining outlook for 2019

Last updated 23 October 2019.

Excluding DNA YTD
Organic growth in subscription & traffic revenues Around 2018 level -0.4%
Organic EBITDA growth Low single digit decline* -4.4%*
Capex excl. licences (NOK bn) 16-17 bn 11.9 bn

*The outlook for 2019 is based on Group structure as of 30 September 2019 and excluding M&A costs related to the acquisition of DNA and the planned merger with Axiata in Asia. Subscription & traffic revenues from mobile, fixed and TV services, incl. Canal Digital DTH. Org. revenue growth in fixed currency, adj. for acquisitions and disposals. EBITDA before other items. Current Group structure and accounting standards as of 31 December 2018.
**Excluding DNA