Shareholders as of 31 January 2018

Flagging announcements

Major shareholders from beneficial ownership

As of 31 December 2017

Shareholder % of total  No. of shares
Government of Norway 54.3% 810 264 928
Folketrygdfondet 5.0% 74 036 496
Deutsche Asset Management Investment 1.8% 27 327 731
BlackRock Institutional Trust Company 1.6% 24 248 413
Templeton Investment Counsel 1.3% 19 964 471
The Vanguard Group 1.1% 17 056 918
Lazard Asset Management 1.1% 16 525 908
DNB Asset Management AS 1.0% 14 652 064
Alecta pensionsförsäkring 1.0% 14 631 857
Storebrand Kapitalforvaltning AS 0.8% 12 633 860
KLP Forsikring 0.8% 11 956 481
JPMorgan Asset Management U.K. 0.7% 10 687 554
SAFE Investment Company Limited 0.7% 10 099 149
Danske Capital (Norway) 0.6% 9 051 082
State Street Global Advisors (US) 0.6% 8 787 645
Allianz Global Investors 0.6% 8 566 316
APG Asset Management 0.6% 8 421 311
Acadian Asset Management 0.6% 8 246 604
Capfi Delen Asset Management 0.5% 7 251 500
INVESCO Asset Management Deutschland 0.4% 6 248 081
Total 20 largest 75.07 %       1 120 658 369,00
Others 24.93 %          380 799 661,00
Total shares 100 %       1 501 458 030,00

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 January 2018

Shareholder % of total No of shares
Government of Norway 53.97 810 264 928 NOR
Folketrygdfondet 4.82 72 359 787 NOR
CLEARSTREAM BANKING NOM 1.59 23 873 283 LUX
State Street Bank NOM 1.29 19 370 180 USA
State Street Bank NOM 1.27 19 066 381 USA
State Street Bank NOM 1.02 15 388 531 USA
State Street Bank NOM 1.02 15 353 995 USA
JPMorgan Chase Bank NOM 1.01 15 117 253 USA
State Street Bank NOM 0.97 14 495 982 USA
The Northern Trust NOM 0.78 11 711 773 GBR
ALECTA PENSIONSFORSAKRING 0.77 11 489 857 SWE
TELENOR ASA 0.71 10 732 421 NOR
The Bank of New York NOM 0.70 10 488 917 NLD
JPMorgan Chase Bank NOM 0.60 8 934 437 USA
JPMorgan Chase Bank NOM 0.53 7 930 722 GBR
VERDIPAPIRFONDET DNB 0.49 7 424 468 NOR
INVESCO FUNDS 0.48 7 179 973 LUX
KLP 0.44 6 565 493 NOR
State Street Bank NOM 0.40 6 077 346 USA
State Street Bank NOM 0.40 6 038 521 USA
Total 20 largest   73.26 0
Others   25.04 1 501 458 030
Total shares   100 1 501 458 030