Major Shareholders as of 31 December 2006 

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 share R share % of shares Change % of shares % of votes Change % of votes
1 Finnish State FI 55 595 937 41 483 501 12.3 - 24.97 -
2 Knut and Alice Wallenberg Foundation SE 58 379 194 0 7.4 - 24.4 -
3 Social Insurance Institution of Finland FI 23 825 086 3 265 965 3.4 - 10.1 -
4 Varma Mutual Pension Insurance Company FI 11 972 117 140 874 1.5 - 5.0 -
5 Marianne and Marcus Wallenberg Foundation SE 4 744 192 0 0.6 - 2.0 -
6 Ilmarinen Mutual Pension Insurance Company FI 3 474 640 4 270 931 1.0 0.2 1.6 -0.1
7 MP-Bolagen i Vetlanda AB (Werner
von Seydlitz)		 SE 3 371 800 2 165 000 0.7 0.9 1.5 1.5
8 Sampo Life Insurance Company Limited FI 3 443 889 0 0.4 - 1.4 -
9 Erik Johan Ljungberg's Education Fund SE 1 880 540 2 331 804 0.5 - 0.9 -
10 Bergslaget's Healthcare Foundation SE 626 269 1 609 483 0.3 - 0.3 -
11 Kaleva Mutual Insurance Company FI 774 900 0 0.1 - 0.3 -
12 The State Pension Fund FI 0 4 800 000 0.6 - 0.2 -
13 Svenska Handelsbanken CEA SE 380 855 708 435 0.1 - 0.2 -
14 Lamar Mary (ADRs) US 0 4 000 000 0.5 - 0.2 -
15 Mutual Insurance Company Pension-Fennia FI 0 3 063 750 0.4 -4.7 0.1 -4.7
16 Mutual Insurance Company Etera FI 0 2 976 900 0.4 -1.3 0.1 -1.3
17 OP-Delta Investment Fund FI 0 2 785 700 0.4 -25.4 0.1 -25.4
18 Foundation for Knowledge and Competence Development SE 250 000 150 000 0.1 - 0.1 -
19 Brothers Molander Foundation SE 200 000 223 000 0.1 5.8 0.1 1.0
20 Neste Oil Pension Fund SE 140 000 591 600 0.1 N/A 0.1 N/A
  Total 20 largest   169 059419 74 566 943 30.9   73.8  

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 2006).