Torbjørn Frønningen • 1974 • Røyse • 8 roles • 20 shareholdings

Roles

Name	Role	Total operating income	Total equity	Shares
V VARDE NORGE AS	Managing Director/CEO	-	669,043,889	15.32 % indirectly

Name	Role	Total operating income	Total equity	Shares
F FRØNNINGEN AS	Chairman	-	39,895,139	100 % directly
V VARDE FORVALTNING AS	Chairman	2,636,316	164,222	100 % indirectly
V VARDE NORGE AS	Chairman	-	669,043,889	15.32 % indirectly
E ELGAR KAPITAL AS	Board Member	257,891,816	1,211,452,371	-
E ELGAR KAPITALFORVALTNING AS	Chairman	34,377,771	5,000,000	-
S STEINSÅSEN VEL	Chairman	-	-	-
M MUNTHESGT 25 SAMEIE	Chairman	-	-	-

Last update: Apr 13, 2023

Name	Share class	Total operating income	Total equity	Share
F FRØNNINGEN AS	Ordinære aksjer	0	39,895,139	100 % directly
V VARDE FORVALTNING AS		2,636,316	164,222	100 % indirectly
V VARDE NORGE AS		0	669,043,889	15.32 % indirectly
E ELMERA GROUP ASA	NO0010815673	313,596,000	1,747,051,000	0.04 % directly < 0.01 %
P PARETO BANK ASA	NO0010397581	-	-	0.02 % directly < 0.01 %
P PROSAFE SE	NO0010861990	2,760,000	-40,404,000	< 0.01 % directly
A AQUALIS ASA	NO0010715394	388,000	376,792,000	< 0.01 % directly
O OLAV THON EIENDOM AS	NO0005638858	377,958	5,339,631,366	< 0.01 % directly
E ELKEM ASA	NO0010816093	8,461,000,000	0	< 0.01 % directly
S STOREBRAND ASA	NO0003053605	8,377,000,000	36,130,000,000	< 0.01 % directly
D DOF GROUP ASA	NO0012851874	0	1,376,000,000	< 0.01 % directly
S SPAREBANKEN SØR Closed	NO0006001502	-	-	< 0.01 % directly
S SPAREBANK 1 SMN	NO0006390301	-	-	< 0.01 % directly
S SPAREBANK 1 SØR-NORGE ASA	NO0010631567	-	-	< 0.01 % directly
A ABG SUNDAL COLLIER HOLDING ASA	NO0003021909	42,000	404,930,000	< 0.01 % directly
T TGS ASA	NO0003078800	174,000,000	0	< 0.01 % directly
K KID ASA	NO0010743545	25,749,000	800,279,000	< 0.01 % directly
W WILH. WILHELMSEN HOLDING ASA	NO0010571698	28,973,000	9,821,574,000	< 0.01 % directly
D DNB BANK ASA	NO0010161896	-	-	< 0.01 % directly
M MORROW BANK ASA Closed	NO0010694029	-	-	< 0.01 % directly

Limited to direct ownership positions of 0.5% or more.

Last update: Jun 2, 2025