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Major Shareholders

The 20 largest shareholders as at 31 March 2019, 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.

3.4%

5 Trinity Street Asset Management LLP 2.7%
6 Nordea Funds Oy 2.3%
7 KLP Forsikring 2.2%
8 The Vanguard Group, Inc. 2.2%
9 Eleva Capital LLP 2.0%
10 ODIN Forvaltning AS 2.0%
11 Storebrand Kapitalforvaltning AS 1.9%
12 Danske Capital (Norway) 1.9%
13 Robotti & Company Advisors, LLC 1.8%
14 Pareto Asset Management AS [1] 1.8%
15 SAFE Investment Company Limited 1.7%
16 Alken Asset Management Ltd 1.6%
17 Schroder Investment Management Ltd. (SIM) 1.4%
18 Artemis Investment Management LLP 1.2%
19 Janus Henderson Investors 1.1%
20 BlackRock Investment Management (UK) Ltd. 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.
b) As at close of business on 31 December 2018 Subsea 7 S.A. held 8,240,024 treasury shares representing approximately 2.52% of the total number of issued shares.

Disclosure of large shareholdings