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Major Shareholders

The 20 largest shareholders as at 31 March 2018, beneficial ownership(a), were:

1

Siem Industries, Inc.

21.3%

2

Folketrygdfondet

8.7%

3

DNB Asset Management AS

5.0%

4

BlackRock Institutional Trust Company, N.A.

3.7%

5

KLP Forsikring

2.2%

6

Danske Capital (Norway)

2.0%

7

The Vanguard Group, Inc.

2.0%

8

Nordea Funds Oy

1.8%

9

Storebrand Kapitalforvaltning AS

1.8%

10

Robotti & Company Advisors, LLC

1.8%

11

Artemis Investment Management LLP

1.8%

12

SAFE Investment Company Limited

1.7%

13

Pareto Forvaltning AS

1.5%

14

Eleva Capital LLP

1.5%

15

Schroder Investment Management Ltd. (SIM)

1.4%

16

Acadian Asset Management LLC

1.2%

17

ODIN Forvaltning AS

1.2%

18

Handelsbanken Asset Management

1.1%

19

Alfred Berg Kapitalforvaltning AS

1.1%

20

BNP Paribas Asset Management France SAS

1.1%

a) The data is provided by NASDAQ OMX and is obtained through an analysis of beneficial ownership and fund manager information. This is provided in response to disclosure of ownership.

Disclosure of large shareholdings