Major Shareholdings

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Major shareholders from beneficial ownership

As of 31 March 2017

Shareholder % of total No. of shares
Government of Norway 54.0% 810 264 928
Folketrygdfondet 4.8% 71 341 191
Templeton Investment Counsel 1.9% 28 705 987
Lazard Asset Management 1.9% 28 688 055
Deutsche Asset & Wealth Management Investment GmbH 1.7% 24 942 889
BlackRock Institutional Trust Company 1.4% 20 623 029
DNB Asset Management AS 1.3% 19 882 479
Thornburg Investment Management, Inc. 1.0% 15 469 680
The Vanguard Group 1.0% 15 293 528
KLP Forsikring 0.8% 12 365 864
Storebrand Kapitalforvaltning AS 0.8% 12 351 486
Alecta pensionsförsäkring 0.7% 11 110 453
SAFE Investment Company Limited 0.7% 10 845 717
Nordea Funds Oy 0.6% 9 750 366
Danske Capital (Norway) 0.6% 9 744 786
State Street Global Advisors (US) 0.6% 8 778 034
Kiltearn Partners LLP 0.6% 8 497 369
Legal & General Investment Management Ltd. 0.5% 7 300 278
Capfi Delen Asset Management 0.5% 7 247 000
Pyrford International Limited 0.4% 5 933 238
Total 20 largest 75.87% 1 139 136 357
Others 24.13% 362 321 673
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 30 June 2017

Shareholder % of total No of shares
Government of Norway 53.97 810 264 928 NOR
Folketrygdfondet 5.04 75 620 831 NOR
Clearstream Banking NOM 1.66 24 985 816 LUX
State Street Bank NOM 1.57 23 533 796 USA
State Street Bank NOM 1.49 22 314 441 USA
The Northern Trust NOM 1.13 17 013 849 GBR
The Northern Trust NOM 1.11 16 631 857 GBR
J.P. Morgan Chase Bank NOM 0.96 14 473 601 USA
J.P. Morgan Chase Bank NOM 0.94 14 151 903 USA
State Street Bank NOM 0.78 11 716 497 USA
State Street Bank NOM 0.72 10 788 641 USA
State Street Bank NOM 0.69 10 357 494 USA
DNB 0.67 10 027 527 NOR
State Street Bank NOM 0.60 8 974 659 USA
J.P. Morgan Chase Bank NOM 0.57 8 578 506 USA
State Street Bank NOM 0.56 8 403 557 USA
The Bank of New York NOM 0.49 7 424 551 NLD
State Street Bank NOM 0.48 7 195 715 USA
KLP Aksjenorge 0.47 7 095 910 NOR
State Street Bank NOM 0.45 6 793 028 USA
Total 20 largest 74.35 1 116 347 107
Others 25.65 385 110 923
Total shares 100 1 501 458 030