Major Shareholdings

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Major shareholders from beneficial ownership

As of 31 December 2020

Shareholder % Number of shares
Government of Norway 54.0% 755,220,420
Folketrygdfondet 5.7% 79,881,073
Caisse de Depot et Placement du Quebec 2.0% 27,393,351
BlackRock Institutional Trust Company, N.A. 1.8% 25,230,936
DWS Investment GmbH 1.6% 22,941,756
DNB Asset Management AS 1.6% 21,999,435
The Vanguard Group, Inc. 1.4% 19,123,745
Storebrand Kapitalforvaltning AS 1.3% 18,397,003
Lazard Asset Management, L.L.C. 1.0% 14,613,190
KLP Forsikring 0.9% 12,986,850
APG Asset Management N.V. 0.8% 11,516,662
Pyrford International Limited 0.7% 10,217,599
Danske Invest Asset Management AS 0.7% 9,875,016
State Street Global Advisors (US) 0.7% 9,205,156
Fidelity International 0.7% 9,123,397
BlackRock Advisors (UK) Limited 0.6% 8,391,467
Aberdeen Standard Investments (Edinburgh) 0.6% 8,101,050
Danske Bank Asset Management 0.6% 7,740,922
Legal & General Investment Management Ltd. 0.5% 6,705,165
Handelsbanken Asset Management 0.5% 6,531,258
Top 20 77.5%          1,085,195,451
Other 22.5%             314,262,582
Total shares 100% 1,399,458,033

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 31 December 2020

Shareholder % of total No of shares
NÆRINGS- OG FISKERIDEPARTEMENTET 54.0%           755,220,420
FOLKETRYGDFONDET 5.7%             79,881,073
State Street Bank and Trust Comp NOM 2.2%             30,933,257
State Street Bank and Trust Comp NOM 2.1%             29,676,533
State Street Bank and Trust Comp NOM 1.6%             22,470,959
JPMorgan Chase Bank NOM 1.0%             13,902,658
JPMorgan Chase Bank NOM 1.0%             13,846,379
State Street Bank and Trust Comp NOM 0.8%             11,553,771
State Street Bank and Trust Comp NOM 0.8%             11,278,164
State Street Bank and Trust Comp NOM 0.6%                8,858,509
CLEARSTREAM BANKING S.A. NOM 0.6%                8,610,814
VERDIPAPIRFONDET KLP AKSJENORGE IN 0.5%                7,523,805
The Bank of New York Mellon SA/NV NOM 0.5%                7,373,061
The Northern Trust Comp NOM 0.5%                6,870,325
STOREBRAND NORGE I VERDIPAPIRFOND 0.4%                6,152,175
The Bank of New York Mellon NOM 0.4%                5,939,974
JPMorgan Chase Bank NOM 0.4%                5,589,516
JPMorgan Chase Bank NOM 0.4%                5,425,917
Schweizerische Nationalbank NOM 0.4%                5,348,249
BNP Paribas Securities Services NOM 0.4%                5,046,976
Top 20 74.4%       1,041,502,535
Other 25.6%           357,955,498
Total shares 100% 1,399,458,033