Shareholders	Shares	% of shares	Monthly change	Monthly change %
1	Valmet Oyj	44,415,207	29.54	7,280,062	19.60
2	Cevian Capital Partners Ltd	16,351,141	10.88	0	0.00
3	Ilmarinen Mutual Pension Insurance Company	4,091,010	2.72	0	0.00
4	Varma Mutual Pension Insurance Company	2,138,465	1.42	0	0.00
5	Elo Mutual Pension Insurance Company	2,091,735	1.39	0	0.00
6	The Local Government Pensions Institution	1,425,166	0.95	0	0.00
7	OP Funds	1,218,958	0.81	10,020	0.83
	OP-Finland	1,076,323	0.72	0	0.00
	OP-Finland Index Fund	142,635	0.09	10,020	7.56
8	The State Pension Fund	1,150,000	0.76	0	0.00
9	Society of Swedish Literature in Finland	1,095,176	0.73	0	0.00
10	Danske Invest Funds	666,099	0.44	0	0.00
	Danske Invest Finnish Equity Fund	530,425	0.35	0	0.00
	Danske Invest Arvo Finland Value Fund	135,674	0.09	0	0.00
11	Sigrid Jusélius Foundation	662,465	0.44	0	0.00
12	Mandatum Life Insurance Company Ltd.	541,314	0.36	-7,641	-1.39
13	Aktia Funds	470,000	0.31	0	0.00
	Aktia Capital Mutual Fund	400,000	0.27	0	0.00
	Aktia Secura Mutual Fund	70,000	0.05	0	0.00
14	The Finnish Social Insurance Institution	396,316	0.26	0	0.00
15	SEB Finlandia Optimized Low Carbon	343,708	0.23	43,802	14.61
16	Samfundet Folkhälsan i Svenska Finland	320,985	0.21	0	0.00
17	Nordea Funds	304,930	0.20	3,991	1.33
	Nordea Finnish Passive Fund	304,930	0.20	3,991	1.33
18	Seligson & Co OMX Helsinki 25 Exchange Traded Fund (ETF)	260,289	0.17	458	0.18
19	Schweizerische Nationalbank	241,000	0.16	0	0.00
20	Jenny and Antti Wihuri Foundation	204,409	0.14	0	0.00
21	Holding Manutas Oy	200,000	0.13	0	0.00
22	OP-Henkivakuutus Ltd.	183,304	0.12	-108,651	-37.21
23	Folkhälsan i Svenska Finland rf Inez och Julius Polins Fond	177,565	0.12	0	0.00
24	Oy Ingman Finance Ab	162,500	0.11	0	0.00
25	Neles Oyj	150,361	0.10	0	0.00
26	Veritas Pension Insurance Company Ltd.	150,062	0.10	-86,327	-36.52
27	Evli Finland Select Fund	137,000	0.09	0	0.00
28	LähiTapiola Mutual Life Insurance Company	130,950	0.09	54,164	70.54
29	Elite Alfred Berg Finland Focus Fund	130,219	0.09	0	0.00
30	Kaleva Mutual Insurance Company	130,000	0.09	0	0.00
31	Lempiäinen Timo Petri Sakari	130,000	0.09	0	0.00
32	Seligson & Co Finland Index Fund	119,720	0.08	7,000	6.21
33	Private Entrepreneur Foundation	112,925	0.08	0	0.00
34	Magnus Ehrnrooths Stiftelse Sr	112,300	0.07	0	0.00
35	Yleisradio Pension Foundation	111,700	0.07	0	0.00
36	OP-Finland Small Cap	110,000	0.07	-75,000	-40.54
37	Emil Aaltonen Foundation	108,358	0.07	0	0.00
38	LähiTapiola Dividend Finland Fund	106,000	0.07	0	0.00
39	Suka Invest Oy	104,000	0.07	0	0.00
40	von Frenckell Mikael Christoffer	100,000	0.07	0	0.00
41	Snäll Clara Elisabeth	96,781	0.06	0	0.00
42	Valio Pension Fund	96,471	0.06	0	0.00
43	Säästöpankki Finland Mutual Fund	92,610	0.06	0	0.00
44	Finska Läkaresällskapet rf	89,600	0.06	0	0.00
45	von Frenckell Asta Dagmar Maria	83,605	0.06	0	0.00
46	Orion Pension Foundation	82,760	0.06	0	0.00
47	Nordea Life Assurance Finland Ltd.	81,308	0.05	850	1.06
48	Maa- ja vesitekniikan tuki r.y.	80,000	0.05	0	0.00
49	Svenska Blindskolföreningen R F	78,350	0.05	0	0.00
50	Suka Oy	78,000	0.05	0	0.00
51	The Seamen´s Pension Fund	75,367	0.05	0	0.00
52	Kirkon Eläkerahasto	71,425	0.05	0	0.00
53	von Frenckell Frans Wilhelm Christoffer	70,000	0.05	0	0.00
54	eQ Funds	67,810	0.05	-5,000	-6.87
	eQ Finland Investment Fund	41,310	0.03	0	0.00
	eQ Europe Dividend Mutual Fund	26,500	0.02	-5,000	-15.87
55	Signe and Ane Gyllenberg Foundation	64,625	0.04	0	0.00
56	von Frenckell-Ramberg Christel	61,309	0.04	0	0.00
57	Svenska Folkskolans Vänner R.F.	60,936	0.04	0	0.00
58	Lääkintöneuvos G.R. Idman and ministeri K.G. Idman Foundation	60,877	0.04	0	0.00
59	Finlands Riddarhus	60,300	0.04	0	0.00
60	Toivonen Juha Aarne Olavi	57,900	0.04	0	0.00
61	Svenska lantbruksproducenternas centralförbund SLC rf	57,161	0.04	0	0.00
62	Vakuutusosakeyhtiö Henki-Fennia	53,078	0.04	-1,025	-1.89
63	National Defence Support Foundation	52,000	0.03	0	0.00
64	Folkhälsans Forskningsstiftelse - Kansanterveyden Tutkimussäätiö	50,894	0.03	0	0.00
65	Kähkönen Veli Matti Kalevi	50,283	0.03	0	0.00
66	Herlin Olli Ilkka Julius	50,000	0.03	0	0.00
67	Turret Oy Ab	48,370	0.03	-9,530	-16.46
68	Alhopuro Eero Sakari	45,200	0.03	0	0.00
69	Oy Julius Tallberg Ab	44,370	0.03	0	0.00
70	Sakari Alhopuron Säätiö Sr	43,950	0.03	0	0.00
71	Kommunalrådet C.G. Sundells Stiftelse Sr	43,168	0.03	0	0.00
72	Foundation of William and Ester Otsakorpi	42,839	0.03	0	0.00
73	Otto A. Malms donationsfond	40,000	0.03	0	0.00
74	Markkola Leena	39,700	0.03	0	0.00
75	Centro-Data Oy	39,000	0.03	0	0.00
76	Oy Talcom Ab	38,500	0.03	3,500	10.00
77	KLP Aksjenorden Verdipapirfondet	38,106	0.03	1,037	2.80
78	Gripenberg Jarl Estate	38,000	0.03	0	0.00
79	William Thuring's Foundation	37,103	0.02	-34,750	-48.36
80	Asipex Oy Ab	36,500	0.02	0	0.00
81	Stiftelsen Finlandssvenska Jordfonden Sr	36,500	0.02	0	0.00
82	Päivikki and Sakari Sohlberg Foundation	35,000	0.02	0	0.00
83	Security Trading Oy	35,000	0.02	0	0.00
84	Cedercreutz Axel Victor Folkern	34,000	0.02	-15,700	-31.59
85	Savander Anna Christina	32,575	0.02	0	0.00
86	4capes Oy	32,000	0.02	10,000	45.45
87	Yrjö Jahnsson Foundation	31,932	0.02	0	0.00
88	Tampereen Lihajaloste Oy	31,762	0.02	0	0.00
89	Stiftelsen Tre Smeder Sr	31,700	0.02	0	0.00
90	Kymin Osakeyhtiön 100-Vuotissäätiö Sr	30,825	0.02	0	0.00
91	Nylands Svenska Lantbrukssällskap Rf	30,708	0.02	0	0.00
92	Colagrossi Filho Joao Ney Prado	30,201	0.02	0	0.00
93	Nieminen Risto Kalevi	30,120	0.02	0	0.00
94	Barry Staines Linoleum Ltd.	30,000	0.02	0	0.00
95	Pivosto Oy	29,925	0.02	0	0.00
96	Hagert Ellen Maria Clasdotter	28,900	0.02	0	0.00
97	Oy Chemec Ab	28,700	0.02	0	0.00
98	Margaretha Säätiö Sr	27,888	0.02	0	0.00
99	Gerako Oy	27,500	0.02	0	0.00
100	Turun Yliopisto	27,443	0.02	0	0.00
	20 largest shareholders total	78,388,373	52.14
	Nominee registered	45,539,489	30.29
	Others	26,420,394	17.57
	Total	150,348,256	100

Date	Major shareholders
30 April
31 May
30 June
31 July
31 August
30 September
31 October
30 November
31 December

Date	Major shareholders
31 January
29 February
31 March
30 April
31 May
30 June
01 July
31 July
10 August
31 August
30 September
31 October
13 November
30 November
31 December

Date	Major shareholders
31 January
28 February
31 March
30 April
31 May
30 June
31 July
31 August