Major Shareholdings
Here are the 20 largest shareholders of Telenor:
| Shareholders | Nominees | No. of shares 01/12/08 | Country | % of total 01/12/08 |
| The Government, by the Ministry of Trade and Industry | 906 763 642 | NOR | 53,97% | |
| J.P. Morgan Chase Bank Clients Treaty Account | * | 74 299 123 | GBR | 4,48% |
| Folketrygdfondet | 70 142 261 | NOR | 4,23% | |
| State Street Bank and Client Omnibus | * | 28 023 341 | USA | 1,69% |
| J.P. Morgan Chase Bank 1449 EURO PAC GRTH | * | 27 915 330 | USA | 1,68% |
| J.P. Morgan Chase Bank 4104 Capital World | * | 24 082 900 | USA | 1,45% |
| State Street Bank and Client Omnibus | * | 23 220 755 | USA | 1,40% |
| Mellon Bank AS Agent Mellon Bank | * | 22 918 199 | USA | 1,38% |
| Clearstream Banking CID Dept, Frankfurt | * | 19 150 779 | LUX | 1,16% |
| J.P. Morgan Chase Bank Omnibus Lending account | * | 19 132 220 | GBR | 1,15% |
| UBS AG, London branch s/a ipb segregated | * | 14 020 778 | GBR | 0,85% |
| HSBC Bank PLC S/A RE Gulf | 13 379 346 | ARE | 0,81% | |
| The Northern Thrust USL treaty account | * | 11 452 524 | GBR | 0,69% |
| J.P. Morgan Chase Bank | * | 10 922 082 | USA | 0,66% |
| Investors Bank & Trust Account | * | 9 899 767 | USA | 0,60% |
| Rasmussengruppen AS | 9 800 000 | NOR | 0,59% | |
| RBC dexia investor client treaty account | * | 9 006 115 | GBR | 0,54% |
| Mellon Bank AS Agent Mellon Bank | * | 8 422 254 | USA | 0,51% |
| Skandinaviska enskilda A/C treaty account |
* | 7 844 014 | SWE | 0,47% |
| Svenska Handelsbanken C/O Handelsbanken AS |
* | 6 364 422 | SWE | 0,38% |
| Total 20 largest | 1 304 679 350 | 78,70% | ||
| Others | 353 209 496 | 21,30% | ||
| Total shares | 1 657 888 846 | 100,00% | ||
| Total number of shareholders: | 41 916 | |||
| * Ministry of Trade and Industry (NHD) | ||||
Geographical distribution
Outstanding free floating shares as of December 1st 2008.
