Major Shareholdings

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Major shareholders from beneficial ownership

As of 31 December 2016

Shareholder % of total No. of shares
Government of Norway 54.0% 810 264 928
Folketrygdfondet 4.9% 74 235 431
Lazard Asset Management 2.1% 31 126 657
Templeton Investment Counsel 2.0% 30 150 914
Deutsche Asset & Wealth Management Investment GmbH 1.7% 24 964 632
BlackRock Institutional Trust Company 1.2% 18 491 831
Thornburg Investment Management 1.0% 15 469 680
The Vanguard Group 1.0% 14 682 953
DNB Asset Management AS 1.0% 14 351 855
KLP Forsikring 0.8% 12 219 844
Storebrand Kapitalforvaltning AS 0.8% 11 692 093
Alecta pensionsförsäkring 0.7% 11 110 453
SAFE Investment Company Limited 0,7% 10 531 617
Danske Capital (Norway) 0.6% 9 313 986
State Street Global Advisors 0.6% 8 744 780
Nordea Funds Oy 0.6% 8 399 136
Capfi Delen Asset Management 0.5% 7 247 000
Acadian Asset Management LLC 0.5% 6 797 787
Numeric Investors LLC 0.4% 6 722 117
Pyrford International Limited 0.4% 6 386 189
Total 20 largest 75.45% 1 132 903 883
Others 24.55% 368 554 147
Total shares 100% 1 501 458 030

The data is provided by Nasdaq Advisory Services and is obtained through an analysis of beneficial ownership and fund manager information provided in replies to disclosure of ownership notices issued to all custodians on the Telenor VPS share register. Every reasonable effort has been made to verify the data, however neither Telenor nor Nasdaq Advisory Services can guarantee the accuracy of the analysis.

Major shareholders from shareholder register

As of 28 February 2017

Shareholder % of total No of shares
Government of Norway 53.97 810 264 928 NOR
Folketrygdfondet 4.90 73 541 191 NOR
State Street Bank NOM 2.44 36 561 379 USA
Clearstream Banking NOM 1.62 24 262 620 LUX
State Street Bank NOM 1.50 22 517 831 USA
The Northern Trust NOM 1.16 17 392 695 GBR
State Street Bank NOM 1.13 16 892 044 USA
State Street Bank NOM 1.05 15 795 582 USA
J.P. Morgan Chase Bank NOM 0.99 14 927 863 USA
J.P. Morgan Chase Bank NOM 0.91 13 730 967 USA
State Street Bank NOM 0.75 11 290 723 USA
The Northern Trust NOM 0.74 11 110 453 GBR
DNB 0.66 9 896 960 NOR
J.P. Morgan Chase Bank NOM 0.55 8 315 188 USA
KLP Aksjenorge 0.47 7 060 045 NOR
State Street Bank NOM 0.45 6 829 243 USA
The Bank of New York NOM 0.44 6 535 238 USA
UBS NOM 0.43 6 422 357 CHE
The Bank of New York NOM 0.41 6 097 814 NLD
Citibank NOM 0.37 5 555 234 TWN
Total 20 largest 74.94 1 125 000 355
Others 25.06% 376 457 675
Total shares 100% 1 501 458 030