Shareholders as of 31 October 2017

Flagging announcements

Major shareholders from beneficial ownership

As of 30 September 2017

Shareholder % of total No. of shares
Government of Norway 54.1% 810 264 928
Folketrygdfondet 4.9% 73 338 496
Deutsche Asset Management Investment GmbH 1.8% 27 251 690
Templeton Investment Counsel 1.7% 25 823 270
BlackRock Institutional Trust Company 1.6% 23 966 260
DNB Asset Management AS 1.2% 18 364 601
Lazard Asset Management 1.1% 16 616 855
The Vanguard Group 1.1% 16 505 678
Alecta pensionsförsäkring 1,1% 16 131 857
Storebrand Kapitalforvaltning AS 0.9% 12 913 521
KLP Forsikring 0.9% 12 787 641
Thornburg Investment Management 0.8% 11 609 912
SAFE Investment Company Limited 0.7% 10 320 581
Danske Capital 0.6% 9 479 186
State Street Global Advisors 0.6% 8 742 953
Allianz Global Investors GmbH 0.5% 8 127 053
Capfi Delen Asset Management 0.5% 7 247 000
Legal & General Investment Management 0.5% 7 232 698
APG Asset Management 0.4% 6 469 866
Acadian Asset Management LLC 0.4% 6 398 791
Total 20 largest 75.36 % 1 129 592 837
Others 24.64 % 371 865 193
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 2017

Shareholder % of total No of shares
Government of Norway 53.97 810 264 928 NOR
Folketrygdfondet 5.13 76 966 496 NOR
State Street Bank NOM 1.89 28 357 220 USA
Clearstream Banking NOM 1.63 24 425 604 LUX
State Street Bank NOM 1.51 22 681 201 USA
State Street Bank NOM 1.18 17 763 923 USA
Alecta 1.07 16 131 857 SWE
JPMorgan Chase Bank NOM 1 15 052 957 USA
The Northern Trust NOM 0.99 14 903 494 GBR
State Street Bank NOM 0.85 12 733 066 USA
J.P. MORGAN SECURITI 0.8 12 055 115 GBR
E D & F Man Capital NOM 0.74 11 100 000 GBR
The Bank of New York NOM 0.62 9 370 369 NLD
Euroclear Bank NOM 0.61 9 130 418 BEL
State Street Bank NOM 0.61 9 105 454 USA
VERDIPAPIRFONDET DNB  V/DNB ASSET MANAGEME 0.51 7 646 056 NOR
KLP AKSJENORGE 0.49 7 430 497 NOR
Danske Bank AS MEGLERKONTO INNLAND MEG 0.49 7 358 220 NOR
JPMorgan Chase Bank NOM 0.49 7 344 631 GBR
State Street Bank NOM 0.46 6 851 318 USA
Total 20 largest 75.04 1 126 672 824
Others 25.04 374 785 206
Total shares 100 1 501 458 030