Rank	Investor	Holding	Stake	Type	Country
1	SPAREBANKSTIFTELSEN ØSTFOLD AKERSH	4,863,436	39.26%	Ordinary	NOR
2	SPAREBANK1STIFTELSEN HALDEN	3,126,414	25.24%	Ordinary	NOR
3	SKANDINAVISKA ENSKILDA BANKEN AB	1,237,101	9.99%	Nominee	GBR
4	VPF EIKA EGENKAPITALBEVIS	612,603	4.94%	Ordinary	NOR
5	SPESIALFONDET BOREA UTBYTTE	257,108	2.08%	Ordinary	NOR
6	KOMMUNAL LANDSPENSJONSKASSE GJENSI	184,091	1.49%	Ordinary	NOR
7	INTERTRADE SHIPPING AS	151,004	1.22%	Ordinary	NOR
8	THE BANK OF NEW YORK MELLON SA/NV	128,548	1.04%	Nominee	BEL
9	NORDEA BANKABP	119,928	0.97%	Ordinary	FIN
10	FORETAKSKONSULENTER AS	92,010	0.74%	Ordinary	NOR
11	BKK PENSJONSKASSE	78,000	0.63%	Ordinary	NOR
12	BOREA NORDISK UTBYTTE VERDIPAPIRFO	54,497	0.44%	Ordinary	NOR
13	J.P. MORGAN SE	52,500	0.42%	Nominee	LUX
14	MELESIO INVEST AS	47,138	0.38%	Ordinary	NOR
15	MP PENSJON PK	44,292	0.36%	Ordinary	NOR
16	CATILINA INVEST AS	40,441	0.33%	Ordinary	NOR
17	WIKBORG TORD GEIR	37,956	0.31%	Ordinary	NOR
18	FORSVARETS PERSONELLSERVICE	32,217	0.26%	Ordinary	NOR
19	STAVANGER KOMMUNE	30,954	0.25%	Ordinary	NOR
20	ECKHOFF ANDERS	23,626	0.19%	Ordinary	NOR
	Total top 20 shareholders	11,213,864	90.52%
	Other shareholders	1,174,696	9.48%
	Total	12,388,560	100.00%