Shareholders as of 31 October 2016

Major shareholders from beneficial ownership

As of 30 September 2016

Shareholder % of total No. of shares
Government of Norway 54.0% 810 264 928
Folketrygdfondet 5.0% 74 653 064
Lazard Asset Management 2.1% 31 119 970
Templeton Investment Counsel 2.0% 29 969 203
Deutsche Asset & Wealth Management Investment GmbH 1.4% 20 789 732
BlackRock Institutional Trust Company 1.4% 20 580 284
Thornburg Investment Management 1.3% 20 040 436
The Vanguard Group 0.9% 13 429 504
DNB Asset Management AS 0.8% 12 477 721
SAFE Investment Company Limited 0.8% 12 369 137
Alecta pensionsförsäkring 0.8% 12 110 453
KLP Forsikring 0.8% 11 714 859
Storebrand Kapitalforvaltning AS 0.7% 9 934 253
State Street Global Advisors 0.6% 8 399 672
Capfi Delen Asset Management 0.5% 7 563 414
Legal & General Investment Management Ltd. 0.5% 7 341 939
Danske Capital (Norway) 0.5% 7 235 372
Henderson Global Investors Ltd. 0.4% 6 480 920
Acadian Asset Management LLC 0.4% 6 179 476
Pyrford International Limited 0.4% 6 038 258
Total 20 largest 75.17 % 1 128 692 595
Others 24.83 % 372 765 435
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 October 2016

Shareholder % of total No of shares
Government of Norway 53,97 810264928 NOR
Folketrygdfondet 4,97 74653064 NOR
State Street Bank NOM 3,31 49690443 USA
Clearstream Banking NOM 1,70 25546452 LUX
Euroclear Bank NOM 1,16 17389909 USA
State Street Bank NOM 1,11 16663196 USA
J.P. Morgan Chase Bank NOM 0,98 14740833 USA
The Northern Trust NOM 0,95 14210479 USA
State Street Bank NOM 0,92 13771754 USA
J.P. Morgan Chase Bank NOM 0,90 13500522 GBR
The Northern Trust NOM 0,81 12110453 GBR
State Street Bank NOM 0,74 11063044 USA
KLP Aksjenorge NOM 0,51 7713323 USA
State Street Bank NOM 0,48 7166787 USA
The Bank of New York 0,47 7126919 NOR
State Street Bank NOM 0,45 6802147 USA
Danske Bank AS NOM 0,44 6536881 NLD
Skandinaviska Enskilda Banken NOM 0,44 6535133 USA
UBS NOM 0,41 6191401 CHE
N S Life Ins. NOM 0,39 5820811 GBR
Total 20 largest 75,11 1127498479
Others 24,89 373959551
Total shares 100 1501458030