Shareholders as of 30 June 2017

Major shareholders from beneficial ownership

As of 30 June 2017

Shareholder % of total No. of shares
Government of Norway 54.0% 810 264 928
Folketrygdfondet 5.0% 75 620 831
Templeton Investment Counsel 1.9% 28 774 651
Deutsche Asset Management Investment GmbH 1.8% 27 540 035
BlackRock Institutional Trust Company 1.8% 26 668 927
DNB Asset Management AS 1.3% 19 581 448
Alecta pensionsförsäkring 1.1% 16 631 857
The Vanguard Group 1.1% 16 119 601
Lazard Asset Management 1.0% 15 201 240
Storebrand Kapitalforvaltning AS 0.8% 12 634 234
KLP Forsikring 0.8% 12 484 965
Thornburg Investment Management 0.8% 11 603 680
SAFE Investment Company Limited 0.7% 11 088 396
Danske Capital 0.6% 9 721 186
Nordea Funds Oy 0.6% 9 372 913
State Street Global Advisors 0.6% 8 946 761
Kiltearn Partners LLP 0.6% 8 901 649
Allianz Global Investors GmbH 0.6% 8 295 465
Capfi Delen Asset Management 0.5% 7 247 000
Legal & General Investment Management 0.5% 7 191 812
Total 20 largest 76.19 % 1 143 891 579
Others 23.81 % 357 566 451
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 2017

Shareholder % of total No of shares
Government of Norway 53.97 810 264 928 NOR
Folketrygdfondet 5.04 75 620 831 NOR
Clearstream Banking NOM 1.66 24 985 816 LUX
State Street Bank NOM 1.57 23 533 796 USA
State Street Bank NOM 1.49 22 314 441 USA
The Northern Trust NOM 1.13 17 013 849 GBR
The Northern Trust NOM 1.11 16 631 857 GBR
J.P. Morgan Chase Bank NOM 0.96 14 473 601 USA
J.P. Morgan Chase Bank NOM 0.94 14 151 903 USA
State Street Bank NOM 0.78 11 716 497 USA
State Street Bank NOM 0.72 10 788 641 USA
State Street Bank NOM 0.69 10 357 494 USA
DNB 0.67 10 027 527 NOR
State Street Bank NOM 0.60 8 974 659 USA
J.P. Morgan Chase Bank NOM 0.57 8 578 506 USA
State Street Bank NOM 0.56 8 403 557 USA
The Bank of New York NOM 0.49 7 424 551 NLD
State Street Bank NOM 0.48 7 195 715 USA
KLP Aksjenorge 0.47 7 095 910 NOR
State Street Bank NOM 0.45 6 793 028 USA
Total 20 largest 74.35 1 116 347 107
Others 25.65 385 110 923
Total shares 100 1 501 458 030