Major Shareholders as of 31 December 2005 

Please note that the following list has been compiled by the company, based upon shareholder information from Arvopaperikeskus and VPC share registers and a database managed by Deutsche Bank Trust Company Americas (as the company's ADR agent bank). This information includes only direct registered holdings, thus certain holdings (which may be substantial) of ordinary shares and ADRs held in nominee or brokerage accounts can not be included. The list is therefore incomplete.

By voting power A shares R shares % of shares Change % of shares % of votes Change % of votes
1 Finnish State FI 55 595 937 41 483 501 11.9 0 24.7 0
2 Knut and Alice Wallenberg Foundation SE 58 379 194 0 7.2 0 24.2 0
3 Social Insurance Institution of Finland FI 23 825 086 3 738 965 3.4 0 10.0 0
4 Varma Mutual Pension Insurance Company FI 11 972 117 140 874 1.5 1.1 4.96 0.1
5 Marianne and Marcus Wallenberg Foundation SE 4 744 192 0 0.6 0 2.0 0
6 Ilmarinen Mutual Pension Insurance Company FI 3 492 546 4 785 167 1.0 -0.2 1.6 -0.1
7 Sampo Life Insurance Company Limited FI 3 443 889 0 0.4 0 1.4 0
8 MP-Bolagen i Vetlanda AB (Werner
von Seydlitz)
SE 2 933 800 1 665 000 0.6 0.6 1.3 0.1
9 Erik Johan Ljungberg's Education Fund SE 1 880 540 4 831 804 0.8 0 1.0 0
10 Bergslaget's Healthcare Foundation SE 626 269 1 609 483 0.3 0 0.3 0
11 Kaleva Mutual Insurance Company FI 774 900 0 0.1 0 0.3 0
12 The State Pension Fund FI 0 5 400 000 0.7 0.9 0.2 0.9
13 Svenska Handelsbanken CEA SE 380 855 708 435 0.1 0 0.2 0
14 Lamar Mary (ADRs) US 0 4 118 998 0.5 0 0.2 0
15

Robur Funds

SE 0 3 890 802 0.5 -9.5 0.2 -9.5
16 George W Mead (ADRs) US 0 2 675 492 0.3 0 0.1 0
17 Foundation for Knowledge and Competence Development SE 250 000 150 000 0.0 0 0.1 0
18 Susan A. Faith (ADRs) US 0 2 625 243 0.3 0 0.1 0
19 Mutual Insurance Company Pension-Fennia FI 0 2 595 566 0.3 2.4 0.1 2.4
20

OP-Delta Investment Fund

FI 0 2 528 100 0.3 0 0.1 0
  20 largest in total   168 299 325 82 987 430 30.9   73.1  

The change % of shares and votes refers to the percentual change in the number of shares owned or the number of votes, compared to the previous month (30 November 2005).