DOF Selects Telenor Satellite Services for Satellite Communications Modernization; Telenor to Provide Satellite Broadband Communications Onboard More Than 20 Vessels of the DOF Fleet.

OSLO, Norway, & ROCKVILLE, Md. -- Telenor Satellite Services, a subsidiary of Telenor of Norway (Oslo Stock Exchange: TEL and NASDAQ: TELN), announced today that it has signed an agreement with DOF ASA of Storebo, Norway, to provide maritime broadband communications on board more than 20 vessels of the DOF fleet.

DOF ASA is a group of companies which owns and operates a modern fleet of more than 60 offshore service vessels, and also owns entities which provide services to the subsea market.

The three-year agreement calls for the installation of Telenor's cost-efficient and highly reliable Sealink maritime very small aperture terminal (VSAT) systems to provide voice and high-speed data services via satellite, including Internet access and crew calling, for DOF vessels operating in waters throughout the North Sea, Barents Sea, and the Middle East.

"DOF takes great pride in operating and maintaining one of the most modern fleet of vessels in the world," said Arnstein Kloverud, newbuilding and project manager for DOF Management AS. Operating over 60 ships and with well more than 1,100 crew members on board these vessels, it is important to our business that we have both advanced and reliable communications so that we can efficiently conduct ships' business and help the crew keep in touch with families and friend at home."

"With two decades of experience in providing broadband services to the maritime industry, Telenor has the knowledge and technology that is bringing the most advanced communications applications to DOF," said Morten Tengs, CEO of Telenor Satellite Services. "The Sealink systems now being installed give DOF the ability to extend its corporate communications network to each of these vessels."

Sealink is Telenor's suite of digital high-speed communications solutions that extend corporate networks and make other broadband communications available on a leased basis to ships at sea. Sealink provides turnkey managed communications solutions for a wide variety of maritime industries as well as ocean-going transportation and supply operations. All communications are delivered through Telenor's fully-owned network of Earth Stations.

Telenor is one of the world's largest providers of mobile broadband services on land and at sea, supporting more than 2,000 land-based VSAT sites and operating on over 500 ships around the world.

About Telenor:

Headquartered in Oslo, Norway, Telenor is an international provider of high quality telecommunications, data and media communication services. Telenor is one of Norway's largest companies with 2005 revenues of approx NOK 68.9 billion (approximately US$ 10.1 billion) and a workforce of 20,900 located in Norway and abroad. Telenor is listed on the Oslo Stock Exchange (TEL) and NASDAQ in New York (TELN).

Telenor Satellite Services is the world's preferred provider of global communications solutions via satellite for customers on land, at sea, and in flight. Telenor offers an expanded product portfolio of broadband satellite solutions and on-demand services enabling customers to meet their global communications requirements. The company also features an innovative menu of value-added services, including The Source(R) and My Source(TM) online account management tools, available exclusively to Telenor Service Providers and their Telenor customers. Telenor Satellite Services owns and operates a worldwide network of teleports and communications facilities located throughout Europe and the United States that offer access to multiple global and regional satellite systems. Telenor Satellite Services Web site is: www.telenor.com/satellite.

DOF ASA is a group of companies which owns and operates a modern fleet of offshore service vessels, and also owns entities which provide services to the subsea market. Founded in 1981, DOF ASA was listed on the Oslo Stock Exchange in 1997. DOF has its head office in Storebo, Austevoll in Norway. Historically, DOF has mainly operated in Europe, but today the business is highly international with branch offices all over the world.