Shareholder Structure

15 largest shareholders April, 2012

 

Holding

     %

    Institution

1 35,232,269

  6.9

    Deans Knight Capital Mgmt

2

30,5681,578

5.9

    Avanza Bank AB (Custodian bank)

3

25,918,960

5.0

    Henderson Global Investors Ltd.

4

23,820,686

4.6

    Investec Asset Managment

5

18,122,514

3.5

    Handelsbanken SWE+FIN (Custodian)

6

16,443,165

3.2

   Nordnet Bank (Custodian)

7

12,940,378

2.5

    DNB Funds

8

12,825,579

2.5

    Pohjola Bank

9

11,987,620

2.3

    SEB (Custodian bank)

10

11,900,000

2.3

    Kommunal Landspensjonskasse

11

11,186,774

2.2

    Holberg Funds

12

8,638,657

1.7

    Swedbank (Custodian bank)

13

8,138,400

1.6

    Texas Teachers

14

7,673,000

1.5

    Holta Invest AS

15

7,490,541

1.4

    Storebrand Funds

 

Total number of shares: 514,178,899

Management & Board control 1.8 million of 514 million shares = 0.4%

Most of the shares owned by foreign investors are registered through foreign banks or trustees, which are not registered in the share register kept by Norwegian VPS, the source of the majority of the above data. Northland compiled data using internal sources, TSX, Oslo Børs and VPS as of April, 2012 - Canadian holders as of April 2012.