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What is an ADR and who holds them?

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What is an ADR and who holds them?

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An ADR (American Depositary Receipt) is a negotiable certificate issued by a depositary bank representing a specific number of shares of a non-U.S. company traded on a US stock exchange. Telenor’s depositary bank is: JP Morgan UK/Europe: Hugo Sanders JPMorgan Europe ltd. 60 Victoria Embankment, Floor 3, London, EC4Y OJP Telephone:+(44) 2077772997 E-mail: hugo.w.sanders@jpmorgan.com USA: Jonathan L Paterson Vice President 1 Chase Manhattan Plaza, New York 1005 1401 Telephone: +(1) 212 552 3461 E-mail: jonathan.l.paterson@jpmorgan.com Website: www.jpmorgan.com The ADS holders should address any queries or instructions regarding their holdings to JP Morgan at the address or phone number above.

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An ADR (American Depositary Receipt) is a negotiable certificate issued by a depositary bank representing a specific number of shares of a non-U.S. company traded on a US stock exchange.

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