Shareholders as of 30 November 2016

Flagging announcements

Major shareholders from beneficial ownership

As of 30 September 2016

Shareholder % of total No. of shares
Government of Norway 54.0% 810 264 928
Folketrygdfondet 5.0% 74 653 064
Lazard Asset Management 2.1% 31 119 970
Templeton Investment Counsel 2.0% 29 969 203
Deutsche Asset & Wealth Management Investment GmbH 1.4% 20 789 732
BlackRock Institutional Trust Company 1.4% 20 580 284
Thornburg Investment Management 1.3% 20 040 436
The Vanguard Group 0.9% 13 429 504
DNB Asset Management AS 0.8% 12 477 721
SAFE Investment Company Limited 0.8% 12 369 137
Alecta pensionsförsäkring 0.8% 12 110 453
KLP Forsikring 0.8% 11 714 859
Storebrand Kapitalforvaltning AS 0.7% 9 934 253
State Street Global Advisors 0.6% 8 399 672
Capfi Delen Asset Management 0.5% 7 563 414
Legal & General Investment Management Ltd. 0.5% 7 341 939
Danske Capital (Norway) 0.5% 7 235 372
Henderson Global Investors Ltd. 0.4% 6 480 920
Acadian Asset Management LLC 0.4% 6 179 476
Pyrford International Limited 0.4% 6 038 258
Total 20 largest 75.17 % 1 128 692 595
Others 24.83 % 372 765 435
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 November 2016

Shareholder % of total No of shares
Government of Norway 53.97 810 264 928 NOR
Folketrygdfondet 5.07 76 141 191 NOR
State Street Bank NOM 3.09 46 342 063 USA
Clearstream Banking NOM 1.63 24 417 726 LUX
State Street Bank NOM 1.33 19 993 656 USA
J.P. Morgan Chase Bank NOM 1.03 15 396 076 USA
State Street Bank NOM 1.00 14 961 935 USA
The Northern Trust NOM 0.93 13 939 541 GBR
J.P. Morgan Chase Bank NOM 0.92 13 885 431 USA
State Street Bank NOM 0.88 13 217 008 USA
State Street Bank NOM 0.80 11 940 213 USA
The Northern Trust NOM 0.74 11 110 453 GBR
J.P. Morgan Chase Bank NOM 0.51 7 649 892 USA
The Bank of New York NOM 0.48 7 251 053 NLD
The Bank of New York NOM 0.48 7 245 306 USA
KLP Aksjenorge 0.46 6 913 767 NOR
State Street Bank NOM 0.46 6 832 625 USA
UBS NOM 0.41 6 192 822 CHE
J.P. Morgan Chase Bank NOM 0.35 5 229 653 GBR
N S Life Ins c/o Citibank 0.34 5 177 692 TWN
Total 20 largest 74.88 1 124 103 031
Others 25.12 377 354 999
Total shares 100 1 501 458 030