Shareholders as of 31 December 2019

Flagging announcements

Major shareholders from beneficial ownership

As of 30 September 2019

Shareholder % of total No. of shares
Government of Norway 54,0% 778 425 458
Folketrygdfondet 5,0% 71 744 023
BlackRock Institutional Trust Company, N.A. 1,6% 23 055 582
The Vanguard Group, Inc. 1,6% 22 621 936
DWS Investment GmbH 1,4% 20 712 061
JPMorgan Asset Management U.K. Limited 1,1% 15 861 745
Storebrand Kapitalforvaltning AS 1,0% 14 306 714
Lazard Asset Management, L.L.C. 0,9% 13 665 960
KLP Forsikring 0,9% 12 519 713
Acadian Asset Management LLC 0,8% 11 542 521
Aberdeen Standard Investments (Edinburgh) 0,7% 10 617 332
DNB Asset Management AS 0,7% 10 262 661
SAFE Investment Company Limited 0,7% 10 209 373
State Street Global Advisors (US) 0,6% 8 797 423
Danske Capital (Norway) 0,6% 8 618 630
APG Asset Management N.V. 0,6% 8 507 332
Pyrford International Limited 0,5% 7 210 045
BlackRock Advisors (UK) Limited 0,4% 5 919 207
Fidelity International 0,4% 5 658 913
Legal & General Investment Management Ltd. 0,4% 5 531 587
Total 20 largest 73,9 % 1 065 788 216
Others 26,1 % 376 669 816
Total shares 100 % 1 442 458 032

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 2019

Shareholder % of total No of shares
Government of Norway 54,0 778 425 458 NOR
Folketrygdfondet 5,0 72 697 492 GBR
State Street Bank NOM 2,3 33 086 673 USA
State Street Bank NOM 1,4 20 120 343 USA
TELENOR ASA 1,4 19 794 961 NOR
CLEARSTREAM BANKING NOM 1,3 18 542 357 LUX
JPMorgan Chase Bank NOM 1,0 14 336 599 USA
JPMorgan Chase Bank NOM 1,0 13 752 613 GBR
State Street Bank NOM 0,9 12 982 252 USA
State Street Bank NOM 0,8 11 025 063 USA
State Street Bank NOM 0,7 9 512 151 USA
The Northern Trust Comp NOM 0,6 8 132 886 GBR
J.P. Morgan Bank Luxembourg S.A. NOM 0,5 7 250 149 GBR
KLP AKSJENORGE 0,5 6 849 358 NOR
VERDIPAPIRFONDET DNB NORGE 0,5 6 804 978 NOR
State Street Bank NOM 0,5 6 731 088 BEL
Storebrand Norge 0,4 6 338 763 USA
JPMorgan Chase Bank NOM 0,4 5 994 808 GBR
Euroclear Bank 0,4 5 730 022 GBR
The Bank of New York Mellon S NOM 0,4 5 312 402 GBR
Total 20 largest 73,72 1 063 420 416
Others 26,28 379 037 616
Total shares 100 1 442 458 032