Oslo District Court has decided in favor ofTelenor ASA in a tax case concerning losses on settlement under guarantees for financing in the Indian subsidiaryUnitech Wireless .Telenor ASA deducted the loss in its tax return for 2013. On5 June 2019 ,Telenor ASA received a decision from the Tax Office disallowing the deduction. As a result of the decision, a tax expense ofNOK 2,491 million was recognized in the accounts. The tax amount plus interest ofNOK 166 million was paid in 2019.Telenor ASA appealed the decision, and theTax Appeal Board upheld the ruling on10 February 2021 Telenor ASA appealed the ruling toOslo District Court . In a ruling received28 March 2022 , theOslo District Court ruled in favor ofTelenor and allowed deduction for the losses in 2013. The Norwegian government has a right to appeal the ruling. The authorities are not obliged to repay the tax amount together with interest before there is a final enforceable ruling from the courts. Investor relations Øystein Myrvold, +47 99230460Håkon Hatlevik , +47 90146070
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