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 %       1.120.658.369,00
Others 25.61 %          380.799.661,00
Total shares 100 %       1.501.458.030,00

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 April 2018

Shareholder % of total No of shares
Government of Norway 53.97 810 264 928 NOR
Folketrygdfondet 4.93 74 062 035 NOR
CLEARSTREAM BANKING NOM 1.59 23 808 289 LUX
State Street Bank NOM 1.20 18 080 943 USA
State Street Bank NOM 1.00 15 023 043 USA
TELENOR ASA 0.92 13 810 438 NOR
State Street Bank NOM 0.91 13 689 481 USA
J.P. MORGAN SECURITI NOM 0.90 13 473 678 USA
State Street Bank NOM 0.79 11 878 237 USA
JPMorgan Security 0.77 11 525 653 GBR
GOLDMAN SACHS INT. –  SECURITY CLEARANCE 0.76 11 481 302 GBR
State Street Bank NOM 0.73 11 008 657 USA
The bank of New York NOM 0.73 10908414 NLD
The Northern Trust NOM 0.68 10 186 977 GBR
VERDIPAPIRFONDET DNB 0.52 7 754 920 NOR
ALECTA PENSIONSFORSA  Handelsbanken Custod 0.51 7 689 857 SWE
J.P. Morgan Bank Lux  JPML SA RE CLT ASSET NOM 0.47 7 061 447 LUX
JPMorgan Chase Bank NOM 0.46 6 896 665 GBR
JPMorgan Chase Bank NOM 0.44 6 620 607 USA
KLP 0.43 6 518 087 NOR
Total 20 largest   72.71 1.091.743.658
Others   25.04 409.714.372
Total shares   100 1.501.458.030