Ownership Structure

Largest shareholders and overall shareholdings

Major Shareholders from Beneficial Ownership

Updated per September 12, 2016

  Shareholder Shares % ownership
1 Ferd AS 24 175 800 10.1
2 Kiltearn Partners LLP 21 670 731 9.1
3 DNB Asset Management AS 20 207 333 8.5
4 Folketrygdfondet 11 465 435 4.8
5 Edinburgh Partners Limited 10 715 218 4.5
6 Lancaster Investment Management LLP 8 259 292 3.5
7 Handelsbanken Asset Management 8 003 041 3.4
8 Schroder Investment Management Ltd. 5 621 136 2.4
9 Legal & General Investment Management Ltd. 5 227 662 2.2
10 Swedbank Asset Management AS 4 966 661 2.1
11 KLP Forsikring 4 445 285 1.9
12 Danske Capital (Norway) 3 836 303 1.6
13 SAFE Investment Company Limited 3 115 380 1.3
14 Henderson Global Investors Ltd. 2 967 188 1.2
15 M&G Investment Management Ltd. 2 873 477 1.2
16 Eika Kapitalforvaltning AS 2 624 956 1.1
17 Hermes Investment Management Ltd. 2 276 976 1.0
18 Storebrand Kapitalforvaltning AS  2 232 292 0.9
19 Carnegie Kapitalforvaltning AS 1 909 361 0.8
20 Nordea Funds Oy 1 898 632 0.8
20 largest shareholders 148 502 159 62.2

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 November 7, 2016

  Shareholder Shares % ownership Country Division
1 Ferd 24 175 800 10.09 NOR Ordinary
2 The Northern Trust 17 071 333     7.13 GBR Nominee
3 Folketrygdfondet 11 465 435   4.79 NOR Ordinary
4 JPMorgan Chase   10 506 772 4.39 GBR Nominee
5 State Street Bank   8 668 714   3.62 USA Nominee
6 Verdipapirfondet DNB   7 675 848   3.20 NOR Ordinary
7 The Northern Trust 4 708 677   1.97 GBR Nominee
8 State Street Bank   4 190 753   1.75 USA Nominee
9 Verdipapirfondet DNB   3 749 614   1.57 NOR Ordinary
10 Six SIS   3 385 831   1.41 CHE Nominee
11 The Northern Trust   3 217 166   1.34 GBR Nominee
12 The Kiltearn Global Fund   3 214 132   1.34 IRL Ordinary
13 Clearstream Banking   2 976 059   1.24 LUX Nominee
14 Verdipapirfondet DNB   2 908 465 1.21 NOR Ordinary
15 KLP AksjeNorge   2 826 249   1.18 NOR Ordinary
16 Legal & General   2 761 000   1.15 GBR Ordinary
17 Swedbank Generator   2 626 667   1.10 NOR Ordinary
18 JPMorgan Chase   2 555 042   1.07 GBR Nominee
19 State Street Bank   2 516 018 1.05 GBR Nominee
20 Credit Suisse   2 479 583   1.03 GBR Nominee
20 largest shareholders 123 679 158 51.63        
Total shares 239 579 996 100    

PGS Shareholdings by Nationality   

Updated November 7, 2016

Country Holders Shares %
Norway 4 997   106 502 683 44.45
United Kingdom     212    67 015 693 27.98
USA    169     21 273 314   8.88
Other Countries    378 44 788 306

18.69

Total 5 756 239 579 996 100.00

See also: Oslo Stock Exchange: Flagging Announcements for PGS