The principal objective of this proceeding is to cause Alfa to comply with its obligations in the VimpelCom Shareholders Agreement. In light of the generally confidential nature of arbitration proceedings, it is Telenor's current intention not to comment further on this matter until the arbitration panel has rendered a decision.
Contacts:
Dag Melgaard, Chief Press Spokesman, Telenor ASA, tel: (+47) 901 92 000
Kai Rosenberg, Senior Vice President, Telenor ASA, tel: (+47) 915 54 357