Shareholders as of 30 September 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 September 2017

Shareholder % of total No of shares
Government of Norway 53.97 810 264 928 NOR
Folketrygdfondet 4.96 74 438 496 NOR
State Street Bank NOM 2.05 30 818 099 USA
Clearstream Banking NOM 1.62 24 351 633 LUX
State Street Bank NOM 1.51 22 619 872 USA
State Street Bank NOM 1.24 18 566 658 USA
Alecta NOM 1.07 16 131 857 SWE
State Street Bank 1.02 15 253 685 USA
The Northern Trust NOM 1 15 043 306 GBR
J.P. Morgan Chase Bank NOM 1 15 030 494 USA
State Street Bank NOM 0.75 11 261 394 USA
J.P. Morgan Chase Bank NOM 0.71 10 607 940 GBR
DNB 0.61 9 126 205 NOR
The Bank of New York NOM 0.6 9 072 113 NLD
J.P. Morgan Chase Bank NOM 0.58 8 670 891 USA
KLP Aksjenorge NOM 0.5 7 558 634 NOR
State Street Bank 0.48 7 161 980 USA
UBS NOM 0.48 7 134 003 CHE
State Street Bank NOM 0.43 6 477 941 USA
J.P. Morgan Chase Bank NOM 0.38 5 663 919 GBR
Total 20 largest 74.96 1 125 254 048
Others 25.04 376 203 982
Total shares 100 1 501 458 030