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Major Shareholders

The 20 largest shareholders as at 30 September 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.

3.5%

5

KLP Forsikring

2.2%

6

Eleva Capital LLP

2.2%

7

The Vanguard Group, Inc.

2.2%

8

Danske Capital (Norway)

2.1%

9

Alken Asset Management LLP

2.0%

10

Janus Henderson Investors

1.9%

11

Storebrand Kapitalforvaltning AS

1.9%

12

Nordea Funds Oy

1.8%

13

Robotti & Company Advisors, LLC

1.8%

14

Schroder Investment Management Ltd.

1.7%

15

Pareto Forvaltning AS

1.7%

16

SAFE Investment Company Limited

1.7%

17

Artemis Investment Management LLP

1.6%

18

ODIN Forvaltning AS

1.5%

19

Handelsbanken Asset Management

1.2%

20

Alfred Berg Kapitalforvaltning AS

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