Not for release, directly or indirectly, in or into the United States, Australia, Canada or Japan.

• Glocalnet AB’s shares tendered under Telenor ASA’s public offer and shares held by Telenor ASA represent in aggregate approximately 96.69 per cent of the shares and votes in Glocalnet AB
Telenor ASA’s (”Telenor”) public offer (the “Offer”), through its wholly owned Swedish subsidiary TBS Infrastructure AB, to the shareholders and warrant-holders of Glocalnet AB (publ) (“Glocalnet”) in accordance with the offer document dated February 27, 2006 has during the ordinary acceptance period been accepted by shareholders representing 25,408,989 shares, corresponding to approximately 10.07 per cent of the shares and votes in Glocalnet. The Offer has been accepted by warrant-holders representing 158,226 warrants (corresponding to 173,630 shares), corresponding to approximately 43.56 per cent of outstanding warrants. At the time of the announcement of the Offer Telenor held 126,476,210...