Major Shareholdings

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Major shareholders from beneficial ownership

As of 31 March 2019

Shareholder % of total No. of shares
Government of Norway 54.5% 794 075 367
Folketrygdfondet 4.9% 71 189 023
BlackRock 1.9% 27 330 110
The Vanguard Group 1.5% 22 091 239
DWS 1.4% 20 525 859
Lazard Asset Management 1.3% 19 557 412
Storebrand Kapitalforvaltning 0.9% 13 676 123
JPMorgan Asset Management 0.9% 13 513 518
Acadian Asset Management 0.9% 13 047 861
KLP Forsikring 0.8% 12 081 770
DNB Asset Management 0.8% 11 341 660
SAFE Investment 0.6% 9 371 171
State Street 0.6% 8 208 916
APG Asset Management 0,6% 8 090 623
Danske Capital 0.5% 7 934 355
Aberdeen Standard Investments 0.5% 7 418 509
Pyrford International 0.5% 7 323 501
BlackRock Advisors 0,4% 6 487 254
Allianz 0.4% 5 985 271
Schroder Investment Management Ltd 0.4% 5 728 262
Total 20 largest 74.41 % 1 084 977 804
Others 25.59 % 386 480 227
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 31 March 2019

Shareholder % of total No of shares
Government of Norway 54.0 794 075 367 NOR
Folketrygdfondet 4.8 71 189 023 NOR
State Street Bank NOM 1.4 20 955 589 USA
State Street Bank NOM 1.3 18 805 602 USA
CLEARSTREAM BANKING NOM 1.2 17 174 665 LUX
State Street Bank NOM 1.2 17 138 026 USA
JPMorgan Chase Bank NOM 1.0 14 124 225 USA
JPMorgan Chase Bank NOM 0.9 13 386 934
TELENOR ASA 0.9 13 350 090 NOR
The Bank of New York NOM 0.7 10 620 749 USA
State Street Bank NOM 0.7 10 074 951 USA
The Northern Trust NOM 0.7 10 071 151 NLD
State Street Bank NOM 0.7 9 943 953 GBR
Verdipapirfondet DNB 0.5 7 121 578 USA
JPMorgan Chase Bank NOM 0.5 7 083 117 NOR
State Street Bank NOM 0.5 6 921 022 USA
KLP 0.4 6 561 146 NOR
JPMorgan Chase Bank, N.A., London NOM 0.4 6 369 995 USA
Euroclear Bank S.A./N.V. NOM 0.4 6 140 647 GBR
J.P. Morgan Bank Luxembourg S.A. NOM 0.4 6 026 003 LUX
Total 20 largest 72.52 1 067 133 833
Others 27.48 404 324 198
Total shares 100 1 471 458 031