Total Access Communication ("Dtac") and True Corporation ("True") announces that
following the completion of the merger due diligence, the Board of Directors of
each company has approved the amalgamation and entered into an agreement to
create a new telecom-tech company.

As announced on 22 November 2021, there will be a voluntary tender offer (VTO)
following regulatory approval. Prior to the VTO Telenor will hold around 28 % of
the shares. The outcome of the VTO will determine the equalized ownership
percentage and the parties will be aiming for an ownership share of around
one-third in the merged company.

The transaction will be subject to approvals by shareholders and customary
regulatory approvals. Dtac and True have filed a merger notification with the
National Broadcasting and Telecommunication Commission. Dtac and True will
continue to run their businesses independently until the transaction is
completed, which is expected to be within 2022. A joint integration planning
project will be established to work on business development, synergies, and
transition planning. 

Investor Relation contacts:
Øystein Myrvold 	+47 99230460
Håkon Hatlevik		+47 90146070