Shareholders

A weekly updated list of Top 20 largest Shareholders of Borregaard. Updated every Monday.

As of 22 September 2025, Borregaard had 10 467 shareholders, and 44.3% of the capital was held by foreign investors.

The largest foreign shareholdings (per citizenship) are in the UK+ Ireland 12.5%, The Netherlands 6.9%, Luxembourg 6.8% and USA 5.9.

The shareholder list below is based on the Norwegian Central Securities Depository’s share register.

	Shareholder		Number of shares	% of capital
1	FOLKETRYGDFONDET	Ordinær	12581770	12.58177
2	MUST INVEST AS	Ordinær	7132755	7.13276
3	The Bank of New York Mellon SA/NV	Nominee	6105779	6.10578
4	VERDIPAPIRFOND ODIN NORGE	Ordinær	2698279	2.69828
5	PARETO AKSJE NORGE VERDIPAPIRFOND	Ordinær	2577896	2.57790
6	The Bank of New York Mellon SA/NV	Nominee	2254779	2.25478
7	Citibank Europe plc	Nominee	1728510	1.72851
8	State Street Bank and Trust Comp	Nominee	1645784	1.64578
9	J.P. Morgan SE	Nominee	1574457	1.57446
10	VERDIPAPIRFONDET ALFRED BERG GAMBA	Ordinær	1427438	1.42744
11	JPMorgan Chase Bank, N.A., London	Nominee	1424520	1.42452
12	VERDIPAPIRFONDET KLP AKSJENORGE	Ordinær	1370698	1.37070
13	BNP Paribas	Nominee	1353724	1.35372
14	JPMorgan Chase Bank, N.A., London	Nominee	1350773	1.35077
15	J.P. Morgan SE	Nominee	1340672	1.34067
16	VERDIPAPIRFONDET STOREBRAND NORGE	Ordinær	1291966	1.29197
17	VERDIPAPIRFONDET DNB NORGE	Ordinær	1268774	1.26877
18	The Northern Trust Comp, London Br	Nominee	1247375	1.24738
19	VERDIPAPIRFONDET KLP AKSJENORGE IN	Ordinær	1124786	1.12479
20	J.P. Morgan SE	Nominee	1059416	1.05942
			52560151	52.560151

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