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 April 2017

Shareholder % of total No of shares
Government of Norway 53.97% 810 264 928 NOR
Folketrygdfondet 4.97% 74 561 191 NOR
State Street Bank NOM 2.12% 31 762 344 USA
Clearstream Banking NOM 1.62% 24 372 770 LUX
State Street Bank NOM 1.48% 22 190 092 USA
State Street Bank NOM 1.27% 19 048 637 USA
The Northern Trust NOM 1.12% 16 838 449 GBR
J.P. Morgan Chase Bank NOM 0.99% 14 812 320 USA
J.P. Morgan Chase Bank NOM 0.91% 13 605 486 USA
State Street Bank NOM 0.85% 12 717 426 USA
The Northern Trust NOM 0.78% 11 710 453 GBR
State Street Bank NOM 0.57% 8 630 722 USA
J.P. Morgan Chase Bank NOM 0.57% 8 524 891 USA
State Street Bank NOM 0.50% 7 482 697 USA
The Bank of New York NOM 0.49% 7 310 791 NLD
KLP Aksjenorge 0.47% 7 060 045 NOR
UBS NOM 0.46% 6 965 908 CHE
DNB 0.46% 6 957 025 NOR
Société Générale NOM 0.45% 6 820 000 FRA
Citibank NOM 0.38% 5 670 622 TWN
Total 20 largest 74.43% 1 117 306 797
Others 25.57% 384 151 233
Total shares 100 % 1 501 458 030