PRESENTATION AND CONFERENCE CALL FOR JOURNALISTS, INVESTORS AND ANALYSTS TELENOR ASA - 4th

Telenor will present the Group's financial results for the 1st quarter 2006

THURSDAY 4th MAY, 0900 CET/0800 UK TIME at Telenor Expo Visitor Centre, Snarøyveien 30, Fornebu

The presentation will be held in English. If you are unable to attend the presentation, we offer three other options:

a) Watch the presentation live on the Internet (one way broadcast) Go to: www.telenor.com/ir, link "Live Broadcast".

b) 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 download of the presentation, see www.telenor.com/ir, link "Presentation of Q1 2006". To participate in the Conference Call please register at least 10 minutes before the presentation starts, dial: +47 80080119 (from Norway) or +47 23000400 (from Norway or abroad)

c) Watch or listen to a digital replay at www.telenor.com/ir To access replay, dial +47 67894091, account no: 1155 followed by # (pound sign) press 1, conference no: 155 followed by # (pound sign) press 1 to play

Best regards, Telenor ASA Investor Relations