Telenor: Presentation of first quarter results 2004

CEO Jon Fredrik Baksaas, Senior Executive Vice President and CFO Torstein Moland and Senior Executive Vice President and head of Telenor Mobile, Arve Johansen, will present the results. The presentation will be held in English.

Internet broadcast

The press and analysts conference will be broadcast live over the Internet, and be available as a recording after the conference. For details please go to www.telenor.com/ir.

Conference Call

You may also call in and 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 details, see www.telenor.com/ir . To participate in the Conference Call please register yourself before the conference starts by calling (+47) 800 80 119 (from Norway) or (+47) 23 00 04 00 (from Norway or abroad)

A replay of the Internet broadcast and the conference call will be available - please consult our web pages.

Material

The quarterly report and English versions of the presentations will be made available at www.telenor.com/ir.

Contacts:

Journalists:

Press Spokesman Dag Melgaard,

tel.: (+47)67 89 26 71 or (+47) 901 92 000

Analysts and investors:

Director IR Erling Thune,