Trading of Grameenphone shares started

PressRelease by Telenor

(Thomson Reuters ONE) - (Fornebu/Dhaka 16 November 2009) Grameenphone today started tradingits shares on the stock exchanges in Dhaka and Chittagong.Formal approvals for the listing of Grameenphone shares were grantedat two ceremonies, organized separately at the Dhaka Stock Exchangeand Chittagong Stock Exchange offices.Hilde Tonne, Executive Vice President and Head of Communications &Corporate Responsibility in Telenor Group attended the openingceremony at the Dhaka Stock Exchange."The Telenor Group has always had a strong commitment to thedevelopment of mobile services in Bangladesh. Over the yearsGrameenphone has provided connectivity, and introduced innovativeservices that have contributed to both economic and social growth",said Hilde Tonne. "With the listing of Grameenphone the people ofBangladesh now has the opportunity to be co-owners, and participatein the further development of the company"Grameenphone will be the largest corporate house to float shares inthe Dhaka and Chittagong stock exchanges. In total 316,496 newGrameenphone shareholders have been added through the initial publicoffering (IPO) and a pre-placement offer (PPO) process."Telenor has supported the listing of Grameenphone on the Dhaka StockExchange and Chittagong Stock exchange. We have great hopes that thissignificant listing will postitively contribute to the furtherdevelopment of Bangladesh' capital market.", said Oddvar Hesjedal,CEO of Grameenphone.Following today's listing Telenor's ownership in Grameenphone will be55.8 percent.More information:Grameenphone home page:www.grameenphone.comDhaka stock exchange:http://www.dsebd.org/http://www.dsebd.org/top_ten_share.phpTo editors:A picture of the trading start can bbe dwonloaded from:http://www.telenor.com/downloads/GP-IPO-Listing/Contact person in Telenor:Glenn MandelidCommunication ManagerTelenor Group region Asia+66824401122Mail: glenn.mandelid(at)telenor.comThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

Kontakt-Informationen:
Firma: Telenor
Stadt: London


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