EDB signs 5-year agreement with Telenor

(Oslo, 7 June 2010) Telenor has entered into an agreement with EDB to purchase IT operating services with an estimated value of NOK 2.1 billion for the period 1 May 2010 to 31 December 2015. The services supplied through this contract relate to Telenor's activities in Norway. "The agreement with Telenor secures transparency for EDB going forward, and strengthens our competitiveness as one of the leading Nordic suppliers of IT operating services", comments John-Arne Haugerud, acting CEO of EDB. "This contract represents a continuation and reinforcement of Telenor's strategic collaboration with EDB for IT operations. The agreement includes modernising Telenor's data centre platform and data network, as well as its desktop solutions, over the course of the next 3-5 years. This will result in lower costs, higher quality and greater flexibility", comments Ragnar Kårhus, CEO of Telenor Norge AS. The contract provides for EDB to work with Telenor to consolidate and virtualise a new technology platform that will deliver a more flexible cost structure and more efficient solutions for users. The agreement with Telenor is effective from 1 May 2010, and replaces an earlier agreement. Contact: EDB: Geir Remman, Executive Vice President, Communication tel +47 970 55 017   Ole Urdahl, Executive Vice President, Telecom tel +47 905 36 116 Telenor: Rolf-Erik Spilling, Chief Technology Officer tel +47 47 900 333 About EDB EDB Business Partner is one of the leading vendors of IT services in the Nordic region, with almost 6,000 employees and annual turnover of around NOK 7.5 billion in 2009. The company has almost 50 years' successful experience of delivering business-critical solutions to customers in both the private sector and the public sector. EDB aims to be a close and attentive partner that leverages its deep industry knowledge and international capabilities to help its customers realise the full potential of IT. EDB Business Partner ASA is listed on the Oslo Stock Exchange with the ticker code EDBASA. See www.edb.com  for further information. This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act) [HUG#1421937]