Telenor Group's subsidiary in Thailand, dtac, has today reported its fourth
quarter 2019 results. Telenor's consolidated figures in NOK million are as
follows:

                             Q4 19  Q4 18
Revenues                     6,499  4,929
EBITDA before other items    1,862  1,307
EBITDA margin (before o.i)   28.7%  26.5%
EBITDA                       1,704   -836
Operating profit               513 -1,625

Capex (excl. spectrum)       1,146  2,001

Subscription and traffic revenues in local currency increased by 3%. The EBITDA
margin was 29%. During the quarter, the total number of subscriptions increased
by 226,000 to 20.6 million.

According to the new accounting standard IFRS 16, the figures in NOK million for
the fourth quarter 2019 are as follows:

                               Q419      
Revenues                      6,429   
EBITDA before other items     2,218   
Operating profit                524   


Outlook 2020

o Service revenues (excl. interconnect): Low-single digit growth
o EBITDA: Mid-single digit growth
o Capex: THB 13-15 billion

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