Top 20 Shareholders

 

                             Name # shares Type
1 BW GROUP LIMITED   90,245,285 49.92 Ord
2 Folketrygdfondet 5,233,008 2.83 Ord
3
Citibank N.A. 3,238,782 1,75 Nom
4 Morgan Stanley & Co. LLC 3,200,746 1,73  Ord
5 Verdipapirfondet Alfred Berg Norge 2,514,269 1.36 Ord
6 Verdipapirfondet Alfred Berg Gamba 2,428,439 1.31 Nom
7 Carl K. Arnet 2,310,000 1.25 Ord
8 Verdipapirfondet Pareto Investment 2,289,000 1.24 Ord
9 Brown Brothers Harriman (Lux.) SCA 2,195,800 1.19 Ord
10 State Street bank & Trust Comp. 2,187,299 1.18 Nom
11 Arctic Funds PLC 2,168,939 1.17 Ord
12 JPMorgan Chase Bank, N.A., London 1,630,503 0.88 Nom
13 Nordea Bank Abp 1,628,518 0.88 Nom
14 Verdipapirfondet Alfred Berg Aktiv 1,557,975 0.84 Ord
15 Salt Value AS 1,418,706 0.77 Ord
16 Verdipapirfondet First Generator 1,382,621 0.75 Nom
17 Skandinaviska Enskilda Banken AB 1,316,590 0.71 Nom
18 Verdipapirfondet Norge Selektiv 1,293,944 0.70 Ord
19 Nordnet Bank AB 1,258,644 0.68 Nom
20 Morgan Stanley & Co.  1,172,850 0.63 Nom

 Above numbers reflect ownership based on issued
shares excluding treasury shares.