Major Shareholdings

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Major shareholders from beneficial ownership

As of 31 March 2018

Shareholder % of total  No. of shares
Government of Norway 54.5% 810 264 928
Folketrygdfondet 4.8% 70 970 165
BlackRock Institutional Trust Company 1.7% 25 434 883
Deutsche Asset Management Investment 1.4% 21 539 940
The Vanguard Group 1.2% 17 503 715
Lazard Asset Management 1.1% 16 913 097
JPMorgan Asset Management 1.1% 16 670 034
DNB Asset Management AS 0.9% 13 687 324
Storebrand Kapitalforvaltning AS 0.9% 13 563 340
KLP Forsikring 0.8% 11 439 170
SAFE Investment Company Limited 0.7% 10 210 288
Acadian Asset Management 0.7% 9 990 115
Alecta pensionsförsäkring 0.7% 9 981 857
Allianz Global Investors GmbH 0.7% 9 902 141
Templeton Investment Counsel 0.7% 9 778 280
State Street Global Advisors (US) 0.6% 9 020 576
APG Asset Management 0.6% 8 472 201
Danske Capital (Norway) 0.5% 7 776 306
Capfi Delen Asset Management 0.5% 7 249 300
INVESCO Asset Management Deutschland 0.4% 6 246 025
Total 20 largest 74.39 %       1 120 658 369
Others 25.61 %          380 799 661
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 2018

Shareholder % of total No of shares
Government of Norway 53.97 794 075 367 NOR
Folketrygdfondet 4.97 73 135 398 NOR
CLEARSTREAM BANKING NOM 1.63 24 025 141 LUX
State Street Bank NOM 1.34 19 683 162 USA
State Street Bank NOM 1.22 17 962 550 USA
State Street Bank NOM 1.15 16 972 117 USA
State Street Bank NOM 1.15 16 907 082 USA
JPMorgan Chase Bank NOM 0.95 13 910 711 USA
JPMorgan Chase Bank NOM 0.81 11 935 613 USA
State Street Bank NOM 0.8 11 744 807 USA
The Bank of New York NOM 0.79 11 628 202 NLD
The Northern Trust NOM 0.66 9 707 753 GBR
State Street Bank NOM 0.61 8 988 666 USA
ALECTA PENSIONSFORSAKRING 0.52 7 689 857 SWE
JPMorgan Chase Bank NOM 0.48 7 111 573 GBR
J.P. Morgan Bank NOM 0.47 6 853 075 LUX
KLP 0.44 6 522 504 NOR
INVESCO FUNDS 0.43 6 377 217 LUX
State Street Bank NOM 0.43 6 304 601 USA
VERDIPAPIRFONDET DNB 0.42 6 253 086 NOR
Total 20 largest 73.24 1 077 788 482
Others 25.04 423 669 548
Total shares 100 1 501 458 030