The Chairman of the Corporate Assembly of Telenor ASA resigns

Press release
Fornebu
Mr. Jan Erik Korssjøen, the Chairman of the Corporate Assembly of Telenor ASA, today informed that he will resign following the Annual General Meeting of Telenor on 16 May 2012. Korssjøen will also resign from his duty as Chairman of the Nomination Committee.
“The reason for my resignation is that I disagree with the largest shareholder, on the decision, timing and the process leading to the resignation of the Chairman of the Board of Telenor ASA”, said Jan Erik Korssjøen.

Korssjøen has served as Chairman of the Corporate Assembly since 2001.