TELENOR WILL NOT BE EXTENDING ITS OFFER ON ESAT TELECOM plc


Telenor notes BT's statement that it looks forward to working with Telenor to ensure the continued success of Esat Digifone. Telenor also notes BT’s statement that it has acquired 1 percent of Esat Digifone. Telenor has been advised that such an acquisition would be contrary to the pre-emption provisions contained in the Esat Digifone shareholders agreement and articles of association; Telenor is discussing the position with BT.