Proposals for new Board Chairman and Board members of Telenor

Harald Norvik (born 1946) is a Strategic Advisor at ECON. He is Chairman of the Board of Aschehoug and a board member at ConocoPhilips and PGS. During the years from 1988-1999 Norvik was CEO of Statoil. Norvik has also previously served as Finance Director and Executive Vice President at Aker Group. From 1976-1979 he was parliamentary secretary at the Norwegian Ministry of Petroleum and Energy. Norvik holds a Master of Business Administration from NHH.

Kjersti Kleven (born 1967) is joint-owner of John Kleven AS. She has previously served as Product Manager at Nordvest Forum AS for five years and as Human Resources Manager at Rolls-Royce Marine AS. Kleven has also been a researcher at Fafo. She holds several board positions in Kleven Group operations. Kleven holds a Bachelor of Science from the University of Oslo and is also a Business Economist from the Institute of Business Administration.

Olav Volldal (born 1950) is CEO of Kongsberg Automotiv Holding ASA and has been with Kongsberg Våpenfabrikk since 1975. He holds board positions at Elopak AS, Ulefos NV AS, Cappelen Holding and NCE Kongsberg. Volldal is a Graduate Engineer from the Norwegian University of Technology and Science.

The Nomination Committee proposes that Telenor's other board members be re-elected. These are:

Bjørg Ven (born 1946) - Deputy Chair

John Giverholt (born 1952) - Board member

Liselott Kilaas (born 1959) - Board member

Paul Bergqvist (born 1946) - Board member

Telenor's Corporate Assembly elects Telenor's Board of Directors. The Corporate Assembly is elected at Telenor's Annual General Meeting on 15 May 2007.

The Nomination Committee at Telenor consists of:

Jan Erik Korssjøen (Chairman), Signe Marie Jore Ritterberg, Reier Søberg and Erik Must.

Candidates for Telenor's Corporate Assembly

The Corporate Assembly of Telenor consists of 15 members, 10 of whom are elected by the shareholders whereas 5 are elected among the employees. In addition there are two employee elected observers. The shareholder-elected members are elected for a period of two years and stand for election at the Annual General Meeting on 15 May 2007.

The Election Committee proposes the following candidates:

Jan-Erik Korssjøen (59, Kongsberg) -nominated for re-election as leader of the Corporate Assembly.

Olaug Svarva (49) - nominated as a new member.

Randi Braathe (60, Rygge) - nominated for re-election.

Jostein Devold (47, Kristiansand) - nominated for re-election.

Knut Schrøder (55, Tromsø) - nominated as a new member.

Nils-Edvard Olsen (58,Kirkenes) - nominated for re-election.

Signe Marie Jore Ritterberg (46,Oslo) - nominated for re-election.

Stener Lium (58,Ranheim) - nominated for re-election.

Hanne Harlem (42) - nominated for re-election

Inger-Grethe Solstad (47,Stavanger) - nominated for re-election.

Siri Pettersen Strandenæs (58, Bergen) - nominated for re-election as the first deputy member.

Ingvild Nybø Holth (60, Sandefjord) - nominated for re-election as the second deputy member.

Gry Mølleskog (45) - nominated for election as the third deputy member.


Proposal for members to the Election Committee

Reier Søberg (54,Bærum) - nominated for re-election.

Rune Selmar (48) - nominated for election as a new member.


Further information:

Chairman of Telenor's Corporate Assembly and Nomination Committee
Jan Erik Korssjøen, Tel: +47 920 60000.