Shareholdings as of 31 March 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 March 2017

Shareholder % of total No of shares
Government of Norway 53.97% 810 264 928 NOR
Folketrygdfondet 4.75% 71 341 191 NOR
State Street Bank NOM 2.29% 34 458 062 USA
Clearstream Banking NOM 1.62% 24 346 126 LUX
State Street Bank NOM 1.47% 22 061 943 USA
State Street Bank NOM 1.22% 18 288 409 USA
State Street Bank NOM 1.19% 17 792 480 USA
The Northern Trust NOM 1.15% 17 335 454 GBR
J.P. Morgan Chase Bank NOM 0.99% 14 837 497 USA
J.P. Morgan Chase Bank NOM 0.91% 13 737 880 USA
State Street Bank NOM 0.76% 11 410 267 USA
The Northern Trust NOM 0.74% 11 110 453 GBR
DNB 0.64% 9 602 025 NOR
J.P. Morgan Chase Bank NOM 0.56% 8 415 967 USA
State Street Bank NOM 0.48% 7 242 725 USA
KLP Aksjenorge 0.47% 7 060 045 NOR
The Bank of New York NOM 0.45% 6 712 994 NLD
UBS NOM 0.44% 6 670 140 CHE
The Bank of New York NOM 0.43% 6 504 618 USA
J.P. Morgan Chase Bank NOM 0.39% 5 803 569 GBR
Total 20 largest 74.92% 1 124 996 773
Others 25.08% 376 461 257
Total shares 100% 1 501 458 030