Shareholders as of 31 December 2016

Major shareholders from beneficial ownership

As of 31 December 2016

Shareholder % of total No. of shares
Government of Norway 54.0% 810 264 928
Folketrygdfondet 4.9% 74 235 431
Lazard Asset Management 2.1% 31 126 657
Templeton Investment Counsel 2.0% 30 150 914
Deutsche Asset & Wealth Management Investment GmbH 1.7% 24 964 632
BlackRock Institutional Trust Company 1.2% 18 491 831
Thornburg Investment Management 1.0% 15 469 680
The Vanguard Group 1.0% 14 682 953
DNB Asset Management AS 1.0% 14 351 855
KLP Forsikring 0.8% 12 219 844
Storebrand Kapitalforvaltning AS 0.8% 11 692 093
Alecta pensionsförsäkring 0.7% 11 110 453
SAFE Investment Company Limited 0,7% 10 531 617
Danske Capital (Norway) 0.6% 9 313 986
State Street Global Advisors 0.6% 8 744 780
Nordea Funds Oy 0.6% 8 399 136
Capfi Delen Asset Management 0.5% 7 247 000
Acadian Asset Management LLC 0.5% 6 797 787
Numeric Investors LLC 0.4% 6 722 117
Pyrford International Limited 0.4% 6 386 189
Total 20 largest 75.45% 1 132 903 883
Others 24.55% 368 554 147
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 31 December 2016

Shareholder % of total No of shares
Government of Norway 53.97% 810 264 928 NOR
Folketrygdfondet 4.92% 73 941 191 NOR
State Street Bank NOM 2.74% 41 069 138 USA
Clearstream Banking NOM 1.61% 24 123 312 LUX
State Street Bank NOM 1.46% 21 989 782 USA
State Street Bank NOM 1.04% 15 593 357 USA
The Northern Trust NOM 1% 15 011 281 GBR
J.P. Morgan Chase Bank NOM 0.97% 14 638 094 USA
J.P. Morgan Chase Bank NOM 0.95% 14 208 563 USA
State Street Bank NOM 0.9% 13 492 361 USA
State Street Bank NOM 0.82% 12 314 621 USA
The Northern Trust NOM 0.74% 11 110 453 GBR
J.P. Morgan Chase Bank NOM 0.54% 8 121 468 USA
The Bank of New York NOM 0.52% 7 866 148 USA
The Bank of New York NOM 0.48% 7 251 053 NLD
State Street Bank NOM 0.48% 7 179 630 USA
KLP Aksjenorge 0.46% 6 913 767 NOR
UBS NOM 0.36% 5 429 019 CHE
J.P. Morgan Chase Bank NOM 0.35% 5 228 009 GBR
N S Life Ins c/o Citibank 0.34% 5 177 692 TWN
Total 20 largest 74.65% 1 120 923 867
Others 25.35% 380 534 163
Total shares 100% 1 501 458 030