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 January 16, 2017

  Shareholder Shares % ownership Country Division
1 Ferd 35 823 200 10.58 NOR Ordinary
2 Folketrygdfondet 17 521 735     5.18 NOR Ordinary
3 Verdipapirfondet DNB 12 703 005   3.75 NOR Ordinary
4 The Northern Trust   8 308 838 2.45 GBR Nominee
5 Verdipapirfondet DNB   8 056 629   2.38 NOR Ordinary
6 JPMorgan Chase   7 279 236   2.15 GBR Nominee
7 The Northern Trust 6 616 741   1.95 GBR Nominee
8 State Street Bank   5 840 137   1.72 USA Nominee
9 State Street Bank   5 222 790   1.54 USA Nominee
10 Morgan Stanley   5 074 316   1.50 GBR Nominee
11 SIX SIS   4 771 829   1.41 CHE Nominee
12 The Northern Trust   4 763 146   1.41 GBR Nominee
13 Citibank   4 605 581   1.36 USA Nominee
14 Deutsche Bank   4 274 305 1.26 GBR Nominee
15 Verdipapirfondet DNB   4 178 210   1.23 NOR Ordinary
16 Bank of New York Mellon   4 032 571   1.19 GBR Nominee
17 KLP AksjeNorge   4 026 249   1.19 NOR Ordinary
18 State Street Bank   3 546 237   1.05 GBR Nominee
19 UBS   3 542 516 1.05 GBR Nominee
20 Euroclear Bank   3 147 752   0.93 BEL Nominee
20 largest shareholders 153 335 023 45.28        
Total shares   338 579 996 100    

PGS Shareholdings by Nationality   

Updated January 16, 2017

Country Holders Shares %
Norway 5 900   152 141 495 44.93
United Kingdom     216    85 152 758 25.15
USA    179     37 608 709  11.11
Other Countries    424 63 677 034

18.81

Total 6 719 338 579 996 100.00

See also: Oslo Stock Exchange: Flagging Announcements for PGS

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