Ownership

SCAs ten largest shareholders

According to Euroclear's official share register for directly-registered and trustee-registered shareholders, as of December 31, 2011, the following companies, foundations and mutual funds were the ten largest registered shareholders based on voting rights:

Table

SCA largest shareholders	No. of A shares	No. of B shares	% of votes	% of shares
Industrivärden AB	43,100,000	27,700,000	29.13	10.04
Handelsbanken*	20,815,254	13,576,040	14.08	4.88
Norges Bank Investment Management**			5.60	3.70
Skandia	38,102,565	554,325	2.46	0.62
Alecta	2,478,000	7,935,000	2.08	1.48
SEB*	18,347	31,852,869	1.47	2.27
AMF - Försäkring och Fonder		17,469,054	1.11	2.48
Swedbank Robur fonder	18,347	14,383,815	0.93	2.04
Andra AP-fonden	422,883	7,543,801	0.75	1.13
Afa Försäkring		9,886,344	0.63	1.40
Tredje AP-Fonden	341,000	6,011,701	0.60	0.90