Telenor is implementing changes to the Group Leadership Team, as the company
continues to execute on the strategic ambitions towards 2025. Jørgen C. Arentz
Rostrup is appointed EVP and Head of Telenor Nordics and Petter-Børre Furberg is
appointed EVP and Head of Telenor Asia. In addition, Amol Phadke has been
appointed EVP and Group Chief Technology Officer.

At the Capital Markets Day in 2022, Telenor presented its 2025 ambitions and
strategy for the Nordics and Asia. The President & CEO of Telenor Group, Sigve
Brekke, says the changes announced today will continue the implementation of the
strategy, including structural partnerships and initiatives in Asia.
 
"Jørgen was sent to Asia three years ago with a mandate to deliver growth and
modernisation and capturing opportunities in the region. After completing the
two biggest telco mergers in Southeast Asia and setting up and implementing a
strong and future-proof organisation in the region, he will now return to the
Nordics," Brekke says.

As the CFO in Telenor from 2016-2020, Rostrup was vital in simplifying the
company's portfolio and ensuring modernisation across the organisation.

"I am looking forward to Jørgen, together with the team and local companies in
the Nordics, driving the transformation needed to reach the targets on
profitable growth and pan-Nordic synergies presented at last year's capital
markets day, building on the platform and the strategy Petter-Børre and his team
have put in place," he says.

"When Petter-Børre is returning to Asia, we can utilise the competence of one of
our most experienced leaders with 15 years in previous and different roles in
the region. He will play an instrumental role in ensuring the implementation and
success of the two mergers as well as continue to develop Telenor's business in
the region, Brekke says.

Having been the CEO of Telenor Norway and heading Telenor Nordics, Furberg also
brings valuable experience from one of the world's most digitally advanced
regions and with operations offering a broad set of services, which will be key
for success in Asia's rapidly accelerating digital markets. 

Telenor Group is also announcing that Amol Phadke has been appointed EVP and
Group Chief Technology Officer and will become a member of Telenor's Group
Leadership Team. He will lead the Group Technology organisation at the
headquarter in Norway and be responsible for setting Telenor's overall
technology strategy and Research & Innovation ambitions. Phadke will also be
responsible for the Group Security strategy and will be the Chair of Telenor
Procurement Company. 
 
Phadke joins Telenor from Google Cloud, where he was the Global General Manager
for the Telecom Industry Vertical. In addition, Phadke brings with him over two
decades of global telecom industry experience.
 
"I am thrilled that Amol has agreed to lead the next wave of our technology
transformation and to help us drive the use of technology as an enabler for
profitable growth. His extensive leadership experience from global technology
companies and unique telecom credentials will enable us to navigate the
tremendous technology shift in our industry and unlock the resulting value for
Telenor, our customers, and partners," says Brekke.

Contacts: 

Investor Relations:  
Frank Maaø +47 91 67 40 45

Media:  
David Fidjeland +47 93 46 72 24