Conversion process in Sweden 

In Sweden (= VPC registered shares) conversion requests (English Swedish) must be delivered by mail to:

Shareholder who has their shares on a VP account should send the conversion request directly to Nordea Securities on the above mention address. Shareholder who has their shares in a custody account must contact the custodian and order them to converse A shares to R shares. The custodian send the conversion request to Nordea Securities.

In addition, Nordea Bank´s branch offices in Sweden accept conversion requests. Conversion requests must reach the above-mentioned address prior to each request deadline.

Once a shareholder has requested for the conversion the restriction of transfer will be entered into the book-entry account, which means that the A shares cannot be sold prior to the conversion.

The A shares will be converted into R shares when a register entry to that effect is made in the Finnish Trade Register. Conversion requests received before the end of each calendar month will be registered on or around the 15th day of the next month.

Conversion letters sent out in Sweden in October 2003:
Direct-registered shareholders English Swedish
Nominee-registered shareholders English Swedish