Telenor ASA has today engaged DNB Markets, a part of DNB Bank ASA ("DNB
Markets") to conduct a buyback of own shares to be used in the Company's share
programmes in 2024 for employees in Telenor Group.

The shares shall be used to meet obligations towards employees who participate
in the Company's general employee share plan (ESP).

The buyback will be conducted in a period lasting from 04th to 08th of March
2024. The total purchase amount will be NOK 70,431,808. The maximum number of
shares to be acquired is 1,408,636. 

The buyback will be done on basis of authorization granted at Telenor ASA's
Annual General Meeting on 10th May 2023. The authorization is for buyback of up
to 10,000,000 shares to be used in the share programmes, at a share price of
minimum NOK 50 and a maximum NOK 250.

For further information, please see the minutes of the AGM and the Annual Report
for 2022, both available at Telenor's website:
https://www.telenor.com/investors/shareholder-centre/annual-general-meeting/annu
al-general-meeting-2023/

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