Telenor Group Outlook for 2019

Last updated 30 April 2019.

2019 YTD
Organic growth in subscription & traffic revenues 0-2% 1.4% Excluding Thailand
Organic EBITDA growth 1-3% 1.9% Excluding Thailand
Capex excl. licences (NOK bn) 16-17 bn 4.0 bn Including Thailand

Our Thai operation dtac will give financial guidance for 2019 at their capital markets day 4 June.
Group revenue and EBITDA guidance will therefore include Thailand from Q2.

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.