Tone Hegland Bachke, Executive Vice President and Chief Financial Officer, has decided to leaveTelenor to take on a position as member of the Executive Board of Directors inSHV Holdings N.V. SHV is headquartered inthe Netherlands , employs more than 60.000 people and is present in more than 70 countries. "During her six years inTelenor and her four years as Group CFO, Tone has worked relentlessly to contribute to Telenor´s strategic development and performance. I'm truly grateful for her contribution," saysSigve Brekke , CEO ofTelenor Group . Kasper Wold Kaarbø, SVP Performance & Ownership inTelenor Group , has been appointed acting CFO fromMay 8th . Since joiningTelenor in 2004, he has held several senior positions across finance and strategy functions in the group. He has also held various board positions withinTelenor and is currently member of the Board of Directors in CelcomDigi. Bachke will continue inTelenor untilAugust 1st , at the latest. Investor contact: Frank Maaø: +47 91674045 Media contact:Thomas Midteide : +47 96232017
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