Rank	Investor	Holding	Stake	Type	Country
1	REDERIAKTIESELSKAPET SKRIM AS	9,683,679	12.90%	Ordinary	NOR
2	UBS SWITZERLAND AG	5,774,230	7.69%	Nominee	CHE
3	SEOTO AS	5,131,207	6.84%	Ordinary	NOR
4	DNB BANK ASA	5,026,112	6.70%	Nominee	SWE
5	DANSKE BANK A/S	4,940,260	6.58%	Nominee	DNK
6	FJORD DEFENCE GROUP ASA	4,033,188	5.37%	Ordinary	NOR
7	MP PENSJON PK	3,265,255	4.35%	Ordinary	NOR
8	F2 FUNDS AS	2,752,463	3.67%	Ordinary	NOR
9	F1 FUNDS AS	1,922,363	2.56%	Ordinary	NOR
10	REDBACK AS	1,549,769	2.07%	Ordinary	NOR
11	THE NORTHERN TRUST COMP, LONDON BR	1,515,000	2.02%	Nominee	GBR
12	TIGERSTADEN AS	1,500,000	2.00%	Ordinary	NOR
13	MATHISEN	1,410,578	1.88%	Ordinary	USA
14	J.P. MORGAN SE	1,185,037	1.58%	Nominee	LUX
15	ENGELSVIKEN FRYSERI AS	1,143,891	1.52%	Ordinary	NOR
16	DAIMYO INVEST AS	1,030,000	1.37%	Ordinary	NOR
17	BROWNSKE BEVEGELSER AS	1,000,037	1.33%	Ordinary	NOR
18	Q CAPITAL AS	998,490	1.33%	Ordinary	NOR
19	GM CAPITAL AS	900,000	1.20%	Ordinary	NOR
20	LIVERMORE INVEST AS	900,000	1.20%	Ordinary	NOR
	Total top 20 shareholders	55,661,559	74.17%
	Other shareholders	19,386,839	25.83%
	Total	75,048,398	100.00%