Major Shareholdings

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Major shareholders from beneficial ownership

As of 31 December 2018

Shareholder % of total No. of shares
Government of Norway 54.5% 794 075 367
Folketrygdfondet 5.1% 74 626 601
BlackRock Institutional Trust Company 1.9% 27 060 212
DWS Investment 1.4% 20 613 517
The Vanguard Group 1.3% 18 792 894
Lazard Asset Management 1.3% 18 382 125
JPMorgan Asset Management 0.9% 13 675 462
Storebrand Kapitalforvaltning 0.9% 13 537 693
KLP Forsikring 0.8% 11 875 716
Acadian Asset Management 0.8% 11 569 609
DNB Asset Management 0.7% 10 693 401
SAFE Investment Company 0.6% 9 371 171
APG Asset Management 0.6% 8 854 291
State Street Global Advisors (US) 0.6% 8 116 429
Danske Capital (Norway) 0.5% 7 794 355
Pyrford International 0.5% 7 172 993
Standard Life Investments 0.5% 6 709 353
Schroder Investment Management 0.4% 6 220 871
Allianz Global Investors 0.4% 5 954 958
BlackRock Advisors (UK) 0.4% 5 941 198
Total 20 largest 74.1 % 1 081 038 216
Others 25.9 % 390 419 815
Total shares 100 % 1 471 458 031

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 2019

Shareholder % of total No of shares
Government of Norway               54.0 794 075 367 NOR
Folketrygdfondet                 4.9 71 569 023 NOR
State Street Bank NOM                 1.5 21 620 053 USA
State Street Bank NOM                 1.3 18 484 710 USA
CLEARSTREAM BANKING NOM                 1.2 18 022 200 LUX
State Street Bank NOM                 1.1 16 915 112 USA
JPMorgan Chase Bank NOM                 1.0 14 517 034 USA
TELENOR ASA  “TILBAKEKJØP AV EGNE                 0.9 13 350 090 NOR
JPMorgan Chase Bank NOM                 0.9 13 221 162 USA
State Street Bank NOM                 0.8 11 425 720 USA
The Bank of New York NOM                 0.7 10 827 810 NLD
The Northern Trust NOM                 0.7 10 050 203 GBR
State Street Bank NOM                 0.7 9 961 904 USA
VERDIPAPIRFONDET DNB                 0.6 8 394 019 NOR
JPMorgan Chase Bank NOM                 0.5 7 143 294 USA
JPMorgan Chase Bank NOM                 0.5 6 656 430 NOR
KLP AKSJENORGE                 0.4 6 561 146 USA
State Street Bank NOM                 0.4 6 457 318 GBR
Euroclear Bank NOM                 0.4 5 799 269 LUX
INVESCO FUNDS                 0.4 5 568 783 NOR
Total 20 largest 72.6 1 070 620 647
Others 27.4 400 837 384
Total shares 100 % 1 471 458 031