AMENDMENT NO. 1 TO DEPOSIT AGREEMENTDeposit Agreement • May 31st, 2007 • Telenor Asa • Telephone communications (no radiotelephone) • New York
AMENDMENT NO. 1 dated as of May , 2007 (the "Amendment") to the Deposit Agreement dated as of November 30, 2000 (the "Deposit Agreement"), among Telenor ASA (the "Company"), incorporated under the laws of the Kingdom of Norway, JPMorgan Chase Bank, N.A., as depositary (the "Depositary"), and all Holders and beneficial owners from time to time of American Depositary Receipts ("ADRs") issued thereunder.
