Shareholders as of 31 December 2018

Flagging announcements

Major shareholders from beneficial ownership

As of 31 December 2018

Shareholder % of total No. of shares
Government of Norway 54.5% 794 075 367
Folketrygdfondet 5.1% 74 626 601
BlackRock Institutional Trust Company 1.9% 27 060 212
DWS Investment 1.4% 20 613 517
The Vanguard Group 1.3% 18 792 894
Lazard Asset Management 1.3% 18 382 125
JPMorgan Asset Management 0.9% 13 675 462
Storebrand Kapitalforvaltning 0.9% 13 537 693
KLP Forsikring 0,8% 11 875 716
Acadian Asset Management 0.8% 11 569 609
DNB Asset Management 0.7% 10 693 401
SAFE Investment Company 0.6% 9 371 171
APG Asset Management 0,6% 8 854 291
State Street Global Advisors (US) 0.6% 8 116 429
Danske Capital (Norway) 0.5% 7 794 355
Pyrford International 0.5% 7 172 993
Standard Life Investments 0,5% 6 709 353
Schroder Investment Management 0.4% 6 220 871
Allianz Global Investors 0.4% 5 954 958
BlackRock Advisors (UK) 0.4% 5 941 198
Total 20 largest 0.00 % 1 081 038 216
Others 100.00 % 390 419 815
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 December 2018

Shareholder % of total No. of shares
Government of Norway 54 % 794 075 367 NOR
Folketrygdfondet 5.1 % 74 626 601 NOR
State Street Bank NOM 1,4 % 19 959 363 USA
State Street Bank NOM 1.3 % 18 001 367 USA
CLEARSTREAM BANKING S.A. NOM 1.3 % 17 777 874 LUX
State Street Bank NOM 1.0 % 14 554 515 USA
JPMorgan Chase Bank NOM 1.0 % 14 198 399 USA
TELENOR ASA 1.0 % 13 350 090 NOR
JPMorgan Chase Bank NOM 0.9 % 13 081 321 USA
State Street Bank NOM 0.8 % 11 239 383 USA
The Bank of New York NOM 0.8 % 10953846 NLD
State Street Bank NOM 0.7 % 10 243 050 USA
The Northern Trust NOM 0.7 % 9 687 663 GBR
State Street Bank NOM 0.5 % 6 904 431 GBR
JPMorgan Chase Bank NOM 0,5 % 6 814 897 GBR
VERDIPAPIRFONDET DNB NORGE (IV) 0.5 % 6 669 849 NOR
JPMorgan Chase Bank NOM 0,5 % 6 544 216 USA
KLP AKSJENORGE 0.5 % 6 448 847 NOR
Euroclear Bank NOM 0.5 % 6 175 630 BEL
INVESCO FUNDS 0.4 % 5 736 082 LUX
Total 20 largest 73.40 % 1 067 042 791
Others 26.60 % 404 415 240
Total shares 100 % 1 471 458 031