Shareholders as of 31 May 2017

Major shareholders from beneficial ownership

As of 31 March 2017

Shareholder % of total No. of shares
Government of Norway 54.0% 810 264 928
Folketrygdfondet 4.8% 71 341 191
Templeton Investment Counsel 1.9% 28 705 987
Lazard Asset Management 1.9% 28 688 055
Deutsche Asset & Wealth Management Investment GmbH 1.7% 24 942 889
BlackRock Institutional Trust Company 1.4% 20 623 029
DNB Asset Management AS 1.3% 19 882 479
Thornburg Investment Management, Inc. 1.0% 15 469 680
The Vanguard Group 1.0% 15 293 528
KLP Forsikring 0.8% 12 365 864
Storebrand Kapitalforvaltning AS 0.8% 12 351 486
Alecta pensionsförsäkring 0.7% 11 110 453
SAFE Investment Company Limited 0.7% 10 845 717
Nordea Funds Oy 0.6% 9 750 366
Danske Capital (Norway) 0.6% 9 744 786
State Street Global Advisors (US) 0.6% 8 778 034
Kiltearn Partners LLP 0.6% 8 497 369
Legal & General Investment Management Ltd. 0.5% 7 300 278
Capfi Delen Asset Management 0.5% 7 247 000
Pyrford International Limited 0.4% 5 933 238
Total 20 largest 75.87% 1 139 136 357
Others 24.13% 362 321 673
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 May 2017

Shareholder % of total No of shares
Government of Norway 53.97 810 264 928 NOR
Folketrygdfondet 5.2 78 120 831 NOR
Clearstream Banking NOM 1.65 24 741 875 LUX
State Street Bank NOM 1.54 23 111 741 USA
State Street Bank NOM 1.48 22 264 160 USA
The Northern Trust NOM 1.12 16 851 568 GBR
The Northern Trust NOM 1.01 15 131 857 GBR
J.P. Morgan Chase Bank NOM 0.97 14 582 410 USA
J.P. Morgan Chase Bank NOM 0.92 13 817 388 USA
State Street Bank NOM 0.77 11 604 369 USA
DNB 0.69 10 314 351 NOR
State Street Bank NOM 0.68 10 181 295 USA
State Street Bank NOM 0.66 9 968 838 USA
State Street Bank NOM 0.61 9 110 183 USA
State Street Bank NOM 0.54 8 122 906 USA
J.P. Morgan Chase Bank NOM 0.53 8 004 727 USA
The Bank of New York NOM 0.49 7 334 869 NLD
KLP Aksjenorge 0.48 7 133 467 NOR
Société Générale NOM 0.45 6 820 000 FRA
State Street Bank NOM 0.41 6 134 593 USA
Total 20 largest 74.17 1 113 616 356
Others 25.83 % 387 841 674
Total shares 100 % 1 501 458 030