Ownership Structure

Largest shareholders and overall shareholdings

Major Shareholders from Beneficial Ownership

Updated per December 31, 2016

  Shareholder Shares % ownership
1 Ferd AS 35 823 200 11.0
2 DNB Asset Management AS 30 341 901 9.4
3 Folketrygdfondet 17 019 735 5.2
4 Edinburgh Partners Limited 16 290 814 5.0
5 Lancaster Investment Management LLP 11 539 164 3.6
6 Kiltearn Partners LLP 9 644 195 3.0
7 Hermes Investment Mangagement Ltd. 7 554 465 2.3
8 KLP Forsikring 6 390 748 2.0
9 M&G Investment Management Ltd. 6 172 710 1.9
10 Danske Capital (Norway) 5 696 403 1.8
11 Dimensional Fund Advisors LP 5 327 525 1.6
12 Schroder Investment Management 5 299 698 1.6
13 Henderson Global Investors Ltd. 4 592 274 1.4
14 Statoil Kapitalforvaltning 4 074 157 1.3
15 Swedbank Asset Management AS 4 068 954 1.3
16 Handelsbanken Asset Management 3 960 938 1.2
17 Eika Kapitalforvaltning AS 3 287 556 1.0
18 Carnegie Kapitalforvaltning AS 3 192 761 1.0
19 Legal & General Investment Management  Ltd. 3 190 808 1.0
20 TT International 3 103 587 1.0
20 largest shareholders 186 571 593* 57.5*

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 in relation to the PGS share register provided by the Norwegian Central Securities Depository (VPS). Every reasonable effort has been made to verify the data, however neither PGS nor Nasdaq Advisory Services can guarantee the accuracy of the analysis, which is updated each quarter.

Major Shareholders from Shareholder Register

Updated March 3, 2017

  Shareholder Shares % ownership Country Division
1 Ferd 35 823 200 10.58 NOR Ordinary
2 Folketrygdfondet 21 001 735     6.20 NOR Ordinary
3 Verdipapirfondet DNB 13 308 552   3.93 NOR Ordinary
4 Morgan Stanley   11 382 988 3.36 GBR Nominee
5 Verdipapirfondet DNB   9 170 485   2.71 NOR Ordinary
6 The Northern Trust   8 609 100   2.54 GBR Nominee
7 Citibank 7 745 638   2.29 USA Nominee
8 State Street Bank   5 871 866   1.73 USA Nominee
9 State Street Bank   5 240 626   1.55 USA Nominee
10 JPMorgan Chase   4 944 109   1.46 GBR Nominee
11 SIX SIS   4 845 008   1.43 CHE Nominee
12 The Northern Trust   4 763 146   1.41 GBR Nominee
13 Prudential Assurance   4 649 427   1.37 GBR Ordinary
14 State Street Bank   4 472 248 1.32 GBR Nominee
15 Verdipapirfondet DNB   4 202 290   1.24 NOR Ordinary
16 KLP AksjeNorge   4 026 249   1.19 NOR Ordinary
17 Swedbank Generator   3 958 000   1.17 NOR Ordinary
18 JPMorgan Chase   3 599 139   1.06 USA Nominee
19 Nordea Bank   3 175 551 0.94 DNK Nominee
20 State Street Bank   3 099 720   0.92 USA Nominee
20 largest shareholders 163 889  077 48.40        
Total shares   338 579 996 100    

PGS Shareholdings by Nationality   

Updated March 3, 2017

Country Holders Shares %
Norway 5 775   164 143 582 48.48
United Kingdom     206    70 763 219 20.90
USA    165     45 708 299  13.50
Other Countries    413 57 964 895

17.12

Total 6 559 338 579 996 100.00

See also: Oslo Stock Exchange: Flagging Announcements for PGS

*Does not include 13 500 000 shares from the subsequent offering.