PRESENTATION AND CONFERENCE CALL FOR JOURNALISTS, INVESTORS AND ANALYSTS

TELENOR ASA - 21 JULY 2006

Telenor will present the Group's financial results for the 2nd quarter 2006

FRIDAY 21 JULY, 0900 CET/0800 UK TIME

at Telenor Expo Visitor Centre, Snarøyveien 30, Fornebu

The presentation will be held in English. If you are unable to attend the presentation, we offer three other options:

a) Watch the presentation live on the Internet (one way broadcast) or through your mobile phone

To watch the webcast on the Internet, go to: www.telenor.com/ir , link "Live Broadcast". To watch the presentation on your mobile phone, send an sms with access word q206 to no +4799454510 (abroad) or 2229 (Norway).

b)Listen to the presentation on the phone

This service also allows you to ask questions at the Q and A session at the end of the presentation. For download of the presentation, see www.telenor.com/ir , link "Presentation of Q2 2006".

To participate in the Conference Call please register at least 10 minutes before the presentation starts,

dial: +47 80080119 (from Norway) or

+47 23000400 (from Norway or abroad)

c) Watch or listen to a digital replay at www.telenor.com/ir

To access replay,

dial +47 67894091,

account no: 1155 followed by # (pound sign) press 1,

conference no: 155 followed by # (pound sign) press 1 to play

The Q2 report will be availablefrom 0700 CET /0600 UK time.

Best regards,

Telenor ASA

Investor Relations