Share Price Performance and Volumes

The volume-weighted average price of the R share over the year was EUR 11.50 in Helsinki (EUR 10.23 in 2003), SEK 99.39 in Stockholm (SEK 93.18 in 2003) and USD 13.51 in New York (USD 11.77 in 2003).

The cumulative trading volume of the R share in Helsinki was 880 001 514 shares (77% of total), in Stockholm 244 369 314 shares (21% of total) and in New York 18 433 700 shares (2% of total). Total market capitalisation in Helsinki at the year-end was EUR 9.5 billion.

Share Prices and Volumes 2004

		Helsinki, EUR	Stockholm, SEK	New York, USD
	Series A	12.15	108.50	-
High	Series R	12.11	108.00	16.08
	Series A	10.00	91.50	-
Low	Series R	9.60	90.00	12.10
	Series A	11.55	103.00	-
Closing, 31 Dec 2004	Series R	11.27	96.50	15.21
	Series A	+5%	+6%	-
Change from previous year	Series R	+6%	+5%	+12%
	Series A	1 202 805	1 967 469	-
Cumulative trading volume	Series R	880 001 514	244 369 314	18 433 700