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Major Shareholders

The 20 largest shareholders as at 30 June 2019, beneficial ownership(a), were:

1

Siem Industries, Inc.

23.5%

2

Folketrygdfondet

9.3%

3

DNB Asset Management AS

5.4%

4

BlackRock Institutional Trust Company, N.A.

3.4%

5 Trinity Street Asset Management LLP 2.8%
6 Nordea Funds Oy 2.8%
7 KLP Forsikring 2.4%
8 The Vanguard Group, Inc. 2.3%
9 Eleva Capital LLP 2.2%
10 Storebrand Kapitalforvaltning AS 2.0%
11 Danske Capital (Norway) 2.0%
12 Robotti & Company Advisors, LLC 1.9%
13 Pareto Asset Management AS [1] 1.9%
14 SAFE Investment Company Limited 1.8%
15 Schroder Investment Management Ltd. (SIM) 1.6%
16 ODIN Forvaltning AS 1.3%
17 Alfred Berg Kapitalforvaltning AS 1.3%
18 Alken Asset Management Ltd 1.2%
19 Artemis Investment Management LLP 1.2%
20 Janus Henderson Investors 1.0%
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 25 July 2019 Subsea 7 S.A. held 1,922,107 treasury shares representing approximately 0.64% of the total number of issued shares.

Disclosure of large shareholdings