Olvi Group's profitability improved substantially in comparison with the corresponding period last year in Finland and all of the Baltic states, and the Group achieved the best half-year result in its history. Olvi Group's net sales amounted to 100.2 (80.3) million euro, an increase of 24.8 percent. Operating profit in the period under review amounted to 11.4 (8.0) million euro, an increase of 3.4 million euro. The Group's gross capital expenditure amounted to 11.5 (11.1) million euro, and its equity to total assets ratio stood at 43.4 percent (43.5%). Earnings per share amounted to 0.89 (0.61) euro. OLVI GROUP'S KEY INDICATORS Change 1-6/2007 1-6/2006 % 1-12/2006 Net sales, MEUR 100.2 80.3 + 24.8 170.3 Operating profit, MEUR 11.4 8.0 + 42.8 18.5 Gross capital expenditure, MEUR 11.5 11.1 + 3.0 21.9 Earnings per share, EUR 0.89 0.61 + 45.9 1.43 Equity per share, EUR 7.70 6.65 + 15.6 7.46 Equity to total assets, % 43.4 43.5 49.6 Gearing, % 61.4 65.0 47.3 SALES VOLUME, NET SALES AND EARNINGS Olvi Group In the second quarter of 2007, Olvi Group's sales in Finland and the Baltic states developed favourably like in the first quarter. Sales from April to June amounted to 101.2 (88.2) million litres, representing an increase of 13.0 million litres or 14.8 percent. Sales in Finland increased by 20.7 percent and aggregate sales in the Baltic states by 15.2 percent. Olvi Group's sales from January to June totalled 168.5 (145.4) million litres, an increase of 23.0 million litres or 15.8 percent. The sales improvement in Finland was 23.0 percent and in the Baltic states 14.9 percent. Net sales growth in the second quarter and from January to June clearly outperformed the growth of sales volumes in the Baltic states. Net sales from April to June amounted to 60.5 (48.4) million euro, representing an increase of 12.1 million euro or 25.0 percent. Net sales from January to June amounted to 100.2 (80.3) million euro, representing an increase of 19.9 million euro or 24.8 percent. Over the first half of the year, net sales in Finland increased by 7.5 million euro or 19.6 percent and aggregate net sales in the Baltic states increased by 14.7 million euro or 32.1 percent. The operating profits of the parent company Olvi and the Baltic subsidiaries improved substantially in the second quarter. Olvi Group's operating profit from April to June stood at 7.8 (6.0) million euro. This represents an earnings improvement of 1.8 million euro or 30.0 percent on the previous year. Thanks to the favourable earnings development that continued for the entire first half of the year, the Group's operating profit from January to June stood at 11.4 (8.0) million euro, which was 11.4 (10.0) percent of net sales. This represents an increase of 3.4 million euro or 42.8 percent on the previous year. The operating profits improved particularly in the parent company Olvi plc and in the Latvian and Lithuanian subsidiaries. In the period under review, earnings after taxes improved by 2.9 million euro to 9.3 (6.3) million euro. Owing to the seasonal character of the brewing industry, the majority of the full-year net sales and operating profit is made during the second and third quarters. Parent company Olvi plc The parent company Olvi plc's sales improved substantially in the second quarter. Sales from April to June amounted to 38.2 (31.6) million litres, representing an increase of 6.6 million litres or 20.7 percent. According to the Nielsen market research company, Olvi plc's market share in the main product groups (beers, ciders and mineral waters) in grocery shops was 18.1 (18.0) percent in the second quarter. The parent company's sales from January to June amounted to 64.9 (52.8) million litres, representing an increase of 12.1 million litres or 23.0 percent. Factors contributing to the growth included a controlled increase in promotional sales of beer, new products in ciders, the successful launch of the OLVI Greippi Lonkero product, a long drink that is sold in grocery shops and filled a gap in Olvi's product range, as well as new customer relationships. In terms of litres sold, the greatest increase was seen in beers, while proportional growth was greatest in energy drinks and long drinks. Sales of soft drinks also increased substantially thanks to an expanded product range. Sales of mineral waters declined due to intense price competition and cool weather. The parent company's net sales from April to June amounted to 26.2 (22.1) million euro, representing an increase of 4.1 million euro or 18.5 percent on the previous year. Thanks to good sales development over the entire first half of the year, the parent company's net sales from January to June 2007 increased to 45.5 (38.0) million euro, an increase of 19.6 percent. Good sales development in the second quarter boosted the efficiency of production and logistics. The operating profit improved by 34.2 percent from April to June and stood at 2.7 (2.0) million euro. Olvi plc's operating profit in January-June totalled 4.2 (3.0) million euro or 9.3 (8.0) percent of net sales. The operating profit improved by 1.2 million euro or 38.3 percent. Scrapping of the obsolete package inventory resulted in 0.9 (0.6) million euro of write-downs on inventories that burdened the January-June earnings. In the beginning of June, Det Norske Veritas AS granted Olvi plc a BRC Global Standard - FOOD certificate for the production, distribution and sales of mineral waters and soft drinks. BRC (British Retailer Consortium) is a British set of criteria for ensuring the control of food safety. The purpose of the BRC certificate is to protect consumers against food safety risks. It is gradually expanding outside Great Britain in the groceries sector. Olvi plc will continue the development of its quality management, environmental management and safety systems with the aim of receiving ISO 9001, ISO 14001 and OHSAS 18001 certificates. AS A. Le Coq The sales of the Estonian subsidiary AS A. Le Coq continued to improve substantially in the second quarter. Sales increased by 11.3 percent to 41.3 (37.1) million litres. AS A. Le Coq's total sales in January-June amounted to 69.0 (62.1) million litres, an increase of 6.9 million litres or 11.1 percent on the previous year. In terms of litres sold, the greatest increase was seen in beers, while proportional growth was greatest in long drinks. Sales growth in juices and energy drinks was also substantial. For the entire year, A. Le Coq's net sales growth has clearly outperformed the growth in sales volume. Second-quarter net sales amounted to 22.4 (17.8) million euro, an increase of 26.0 percent. Net sales from January to June amounted to 36.4 (29.1) million euro, representing an increase of 7.3 million euro or 25.0 percent. A. Le Coq's operating profit has also increased constantly during the first half of the year. Operating profit from April to June amounted to 3.3 (2.9) million euro, representing an increase of 12.1 percent. Operating profit in January-June stood at 5.1 (4.5) million euro, which was 13.9 (15.4) percent of net sales. The operating profit improved by 0.6 million euro or 12.7 percent. A/S Cesu Alus The sales of A/S Cesu Alus operating in Latvia developed favourably in the first quarter, and the strong trend continued in the second quarter. Sales in April-June increased to 17.3 (13.2) million litres, an increase of 30.3 percent. Total sales from January to June amounted to 26.6 (19.8) million litres, representing an increase of 6.7 million litres or 33.9 percent. The greatest growth in sales volume was seen in beers that represent approximately 70 percent of total sales. In the primary product group, beers, A/S Cesu Alus's market position has strengthened to 25 percent, and the brewery is now clearly the number two player in the market. The sales of ciders, energy drinks, long drinks and waters are also growing strongly. For the entire year, A/S Cesu Alus's net sales growth has clearly outperformed the growth in sales volume. In the second quarter, net sales improved to 8.5 (5.6) million euro, an increase of 52.0 percent. The company's net sales from January to June amounted to 12.8 (8.3) million euro, representing an increase of 4.5 million euro or 54.2 percent. Thanks to the growth, A/S Cesu Alus's profitability has improved substantially. Second-quarter operating profit improved to 0.9 (0.7) million euro, an increase of 32.1 percent. Operating profit from January to June totalled 1.0 (0.3) million euro, representing an increase of 0.7 million euro or 217.6 percent. AB Ragutis In the second quarter, the sales volume of AB Ragutis operating in Lithuania improved to 13.3 (12.1) million litres, an increase of 10.7 percent. The company's total sales from January to June amounted to 21.7 (20.1) million litres, representing an increase of 1.6 million litres or 8.1 percent. The sales of Ragutis ciders and long drinks are rapidly increasing in Lithuania. The sales of beer declined slightly as the company scaled down its Private Label production. The net sales of AB Ragutis have clearly outperformed the increase in sales volumes in 2007. The April-June net sales increased by 38.3 percent to 7.0 (5.1) million euro. The company's net sales from January to June amounted to 11.1 (8.2) million euro, representing an increase of 2.9 million euro or 35.0 percent. The net sales improvement is affected by the favourable development of sales volumes and prices of other product groups that are now supplementing beer. The operating profit of AB Ragutis has clearly improved thanks to previous major investments and the good development of sales volumes. Second-quarter operating profit stood at 1.0 (0.4) million euro, representing an increase of 0.7 million euro or 176.9 percent. Operating profit in January-June stood at 1.2 (0.2) million euro, an increase of 1.0 million euro. The operating profit percentage was 10.8 (2.3). FINANCING AND INVESTMENTS Olvi Group's balance sheet total at the end of June was 184.1 (159.1) million euro. Equity per share in January-June stood at 7.70 (6.65) euro. The equity to total assets ratio was on a par with the previous year at 43.4 (43.5) percent. The amount of interest-bearing liabilities was 52.7 (47.9) million euro, including current liabilities of 19.6 (22.1) million euro. During the period under review, the Olvi Group's gross capital expenditure amounted to 11.5 million euro (11.1 million euro). The parent company Olvi plc accounted for 3.5 million euro and the subsidiaries in the Baltic states for 8.0 million euro of the total. The largest investments in 2007 will be the filling and packaging lines for reusable plastic bottles to be constructed at Olvi plc and A. Le Coq, as well as extensions to storage facilities at A/S Cesu Alus and AB Ragutis. The gross capital expenditure also includes purchases made on finance lease. PRODUCT DEVELOPMENT Research and development includes projects to design and develop new products, packages, processes and production methods, as well as further development of existing products and packages. The R&D costs have been recognised as expenses. In June, Olvi plc signed a licencing agreement with Twentieth Century Fox Licensing & Merchandising, a division of Fox Entertainment Group, Inc., granting Olvi plc the right to produce, sell and distribute Simpson soft drinks in Finland. Simpson soft drinks will be available in grocery shops in the turn of August and September. PERSONNEL Thanks to good sales development, the number of personnel increased in all Group companies in January-June. Olvi Group's average number of personnel in January-June was 1,209 (1,109), 376 (336) of them in Finland, 419 (393) in Estonia, 212 (191) in Latvia and 202 (189) in Lithuania. The average number of personnel increased by 100 people or 9.0 percent on the previous year. The total number of personnel at the end of June was 1,375 (1,230). GROUP STRUCTURE At the end of April 2007, the AS A. Le Coq Group holding company fully owned by Olvi plc and its 100-percent subsidiary AS A. Le Coq agreed upon a merger in which AS A. Le Coq Group will be merged into AS A. Le Coq, making AS A. Le Coq a direct 100-percent subsidiary of Olvi plc. At the same time, AS A. Le Coq Group will sell its holdings in A/S Cesu Alus and AB Ragutis to Olvi plc, turning the companies into direct subsidiaries of Olvi plc. After this, Olvi plc will directly hold 97.89 percent of A/S Cesu Alus and 99.56 percent of AB Ragutis. The merger and share transactions will be executed to improve Olvi Group's business efficiency and simplify the Group structure. The arrangements will have no effect on Olvi Group's earnings or balance sheet. The estimated time of registration of the merger is August 2007. BUSINESS RISKS AND UNCERTAINTIES IN THE NEAR TERM The introduction of recycled plastic deposit bottles into the Finnish market will bring great changes to production and logistics processes. It is currently difficult to estimate how quickly the consumption and packaging of soft drinks and mineral waters will be completely migrated to recycled plastic deposit bottles. The present refillable bottle stocks will be gradually disposed of. This will result in increased scrapping of inventories within the next few years. The Finnish government proposes an increase of 10 percent in the alcohol tax for mild alcoholic beverages starting from the beginning of 2008. However, the increase will be less than the 15-percent increase proposed for strong alcoholic beverages. Some increase can be assumed in private imports. As the consumption of beers, ciders and long drinks is increasingly moving to canned products, the costs of production, raw materials and packaging will increase in comparison to bottled products, resulting in more intense price competition. We assume that sales growth in the Baltic states will slow down somewhat due to the stabilisation of consumption habits. NEAR-TERM OUTLOOK Olvi Group aims to strengthen its market position in all business areas. Substantial investments will ensure the sufficiency of capacity supporting our growth and cost-efficient production of a versatile product range. Further improvement of the entire Olvi Group's profitability and competitive ability is a crucial target. The rainy and cool weather in this year's midsummer may have an impact on third-quarter earnings. However, we expect full-year net sales to increase and operating profit to improve on the previous year. Further information: Lasse Aho, Managing Director Phone +358 17 838 5200 or +358 400 203 600 OLVI PLC Board of Directors APPENDICES - Balance sheet, Appendix 1 - Income statement, Appendix 2 - Changes in shareholders' equity, Appendix 3 - Cash flow statement, Appendix 4 - Notes to the interim report, Appendix 5 DISTRIBUTION OMX Nordic Exchange, Helsinki Key media www.olvi.fi OLVI GROUP CONSOLIDATED FINANCIAL STATEMENTS This interim report has been prepared in compliance with the standard IAS 34, Interim Financial Reporting. The information in this interim report is unaudited. APPENDIX 1 BALANCE SHEET EUR 1,000 30.6.2007 30.6.2006 31.12.2006 ASSETS Non-current assets Tangible assets 89,173 79,636 83,473 Goodwill 10,675 10,531 10,675 Other intangible assets 1,397 2,064 1,640 Financial assets available 284 254 254 for sale Other non-current assets 318 311 311 available for sale Loans receivable 44 44 44 Deferred tax receivables 128 33 65 Total non-current assets 102,019 92,873 96,462 Current assets Inventories 28,640 24,529 25,173 Accounts receivable and other 49,751 38,783 32,256 receivables Liquid assets 3,680 2,946 2,102 Total current assets 82,071 66,258 59,531 TOTAL ASSETS 184,090 159,131 155,993 SHAREHOLDERS' EQUITY AND LIABILITIES Shareholders' equity held by parent company shareholders Share capital 20,759 20,759 20,759 Other reserves 1,092 1,127 1,128 Treasury shares -290 -54 -290 Retained earnings 48,967 40,856 40,847 Net profit for the period 9,268 6,344 14,822 79,795 69,032 77,266 Minority interest 117 140 101 Total shareholders' equity 79,912 69,172 77,367 Non-current liabilities Interest-bearing liabilities 33,069 25,776 27,108 Interest-free liabilities 1,081 270 490 Deferred tax liabilities 1,257 1,457 1,413 Current liabilities Interest-bearing liabilities 19,642 22,106 11,562 Interest-free liabilities 49,129 40,350 38,053 Total liabilities 104,178 89,959 78,626 TOTAL SHAREHOLDERS' EQUITY 184,090 159,131 155,993 AND LIABILITIES OLVI GROUP APPENDI X 2 INCOME STATEMENT EUR 1,000 4-6/ 4-6/ 1-6/ 1-6/ 1-12/ 2007 2006 2007 2006 2006 Net sales 60,477 48,399 100,227 80,292 170,319 Other operating 164 226 417 353 590 income Operating expenses - -39,950 -83,417 -67,224 - 49,907 141,577 Depreciation and impairment -2,957 -2,693 -5,808 -5,424 -10,851 Operating profit 7,777 5,982 11,419 7,997 18,481 Financial income 55 36 75 83 188 Financial expenses -503 -347 -902 -668 -1,432 Earnings before tax 7,329 5,671 10,592 7,412 17,237 Taxes *) -766 -627 -1,309 -1,073 -2,413 Net profit for the 6,563 5,044 9,283 6,339 14,824 period Distribution: - parent company 6,546 5,049 9,268 6,344 14,822 shareholders - minority 17 -5 15 -5 2 OLVI GROUP APPENDIX 3 CHANGES IN CONSOLIDATED SHAREHOLDERS' EQUITY EUR 1,000 A B C D E F G H I Shareholders' 10379 11236 127 0 143 0 4537 67262 equity 1 Jan 2006 7 Bonus issue 10379 -10379 0 Acquisition of treasury shares -54 -54 Change in 31 31 translation difference Payment of - 4411 -4411 dividends Net profit for the 6344 6344 period Share of profit belonging to the -140 140 0 minority Shareholders' 20759 857 127 -54 143 31 47170 140 69172 equity 30 Jun 2006 EUR 1,000 A B C D E F G H I Shareholders' 20759 857 127 -290 143 -18 5568 101 77 367 equity 1 Jan 2007 Transfer of -35 35 reserve to retained earnings Change in -3 1 -2 translation difference Payment of -6736 -6736 dividends Net profit for the 9283 9283 period Share of profit belonging to the -15 15 0 minority Shareholders' 20759 857 127 -290 108 -21 58255 117 79912 equity 30 Jun 2007 A = Share capital B = Share premium account C = Legal reserve D = Treasury shares reserve E = Other reserves F = Translation differences G = Retained earnings H = Minority interest I = Total OLVI GROUP APPENDIX 4 CASH FLOW STATEMENT EUR 1,000 1-6/2007 1-6/2006 1-12/2006 Net profit for the period 9,268 6,344 14,824 Adjustments to profit for 8,501 7,355 14,852 the period Change in net working -10,748 -5,620 -3,320 capital Interest paid -871 -713 -1,529 Interest received 75 83 188 Taxes paid -821 -1,052 -1,080 Cash flow from operations 5,404 6,397 23,935 (A) Capital expenditure -11,301 -13,080 -22,064 Disposals of fixed assets 35 0 145 Cash flow from investments -11,266 -13,080 -21,919 (B) Withdrawals of loans 19,000 9,500 7,000 Repayments of loans -4,837 -1,843 -8,650 Acquisition of treasury 0 -54 -290 shares Dividends paid -6,725 -4,411 -4,411 Cash flow from financing 7,438 3,192 -6,351 (C) Increase (+)/decrease (-) 1,578 -3,491 -4,335 in liquid assets (A+B+C) Liquid assets 1 January 2,102 6,437 6,437 Liquid assets 30 Jun/31 3,680 2,946 2,102 Dec Change in liquid assets 1,578 -3,491 -4,335 OLVI GROUP NOTES TO THE INTERIM REPORT APPENDIX 5 The accounting policies used for the preparation of this interim report are the same as those used for the annual financial statements 2006. The Group has adopted the IFRS 7 Financial Instruments: Disclosures standard and the associated amendment to the IAS 1 Presentation of Financial Statements - Capital Disclosures standard that entered into force on 1 January 2007. According to the Group's estimate, the adoption of the new and amended standard will mostly affect the notes to the Group's financial statements. 1. SEGMENT INFORMATION SALES BY GEOGRAPHICAL SEGMENT (1,000 litres) 4-6/2007 4-6/2006 1-6/2007 1-6/2006 1-12/2006 Olvi Group total 101,234 88,206 168,450 145,433 303,416 Finland 38,178 31,640 64,892 52,761 110,092 Estonia 41,260 37,071 68,978 62,076 127,817 Latvia 17,253 13,240 26,555 19,834 42,736 Lithuania 13,353 12,064 21,709 20,086 42,249 -sales between segments -8,810 -5,809 -13,684 -9,324 -19,478 NET SALES BY GEOGRAPHICAL SEGMENT (EUR 1,000) 4-6/2007 4-62006 1-6/2007 1-6/2006 1-12/2006 Olvi Group total 60,477 48,399 100,227 80,292 170,319 Finland 26,190 22,104 45,470 38,004 79,458 Estonia 22,374 17,761 36,373 29,103 61,517 Latvia 8,494 5,588 12,822 8,315 18,573 Lithuania 6,997 5,059 11,115 8,233 18,224 sales between segments -3,578 -2,113 -5,553 -3,363 -7,453 OPERATING PROFIT BY GEOGRAPHICAL SEGMENT (EUR 1,000) 4-6/2007 4-6/2006 1-6/2007 1-6/2006 1-12/2006 Olvi Group total 7,776 5,981 11,419 7,996 18,481 Finland 2,672 1,991 4,212 3,046 7,060 Estonia 3,290 2,934 5,055 4,483 9,268 Latvia 860 651 975 307 845 Lithuania 1,044 377 1,206 188 1,239 sales between segments -90 28 -29 -28 69 2. PERSONNEL ON AVERAGE 1-6/2007 1-6/2006 1-12/2006 Finland 376 336 346 Estonia 419 393 393 Latvia 212 191 195 Lithuania 202 189 192 Total 1,209 1,109 1,126 3. RELATED PARTY TRANSACTIONS Employee benefits to management Salaries and other short-term employee benefits to the Board of Directors and Managing Director 1-6/ 1-6/ 1-12/ 2007 2006 2006 Managing Director 351 265 488 Chairman of the Board 102 81 181 Other members of the Board 52 40 91 Total 505 386 760 *) The figures for 2006 have been adjusted to be comparable with the information in the interim report. Share-based payments Olvi plc's Board of Directors decided in 2006 on a share-based incentive and commitment scheme for Olvi Group's key personnel. The share-based incentive scheme is described in more detail in Olvi Group's financial statements for 2006, note 22. 4. SHARES AND SHARE CAPITAL 30.6.2007 Number of A shares 8,513,276 Number of K shares 1,866,128 Total 10,379,404 Total votes carried by A shares 8,513,276 Total votes carried by K shares 37,322,560 Total number of votes 45,835,836 Registered share capital, EUR 1,000 20,759 The Series A and Series K shares received a dividend of 0.65 euro per share for 2006 (0.425 euro per share for 2005), totalling 6.7 (4.4) million euro. The dividends were paid on 16 April 2007. Nominal value of A and K shares, EUR 2.00 Votes per Series A share 1 Votes per Series K share 20 The shares entitle to equal dividend. The Articles of Association include a redemption clause concerning Series K shares. 5. TREASURY SHARES In April 2007, the General Meeting of Shareholders of Olvi plc decided to authorise the Board of Directors to decide on the acquisition of the company's own shares using distributable funds. The authorisation is valid for one year starting from the General Meeting and covers a maximum of 245,000 Series A shares. The Board of Directors may also decide that any shares acquired on the company's own account be cancelled by reducing the share capital. Olvi plc's Board of Directors has not exercised the authorisation granted by the General Meeting to acquire Olvi plc Series A shares during January-June 2007. Olvi plc possesses 16,000 Olvi Series A shares acquired by the Board of Directors in 2006 on the basis of an authorisation granted by the General Meeting of Shareholders. The total consideration paid for treasury shares in 2006 was 0.3 million euro. The acquired Series A shares constitute 0.15 percent of the share capital and 0.03 percent of the aggregate number of votes. The acquired shares represent 0.19 percent of all Series A shares and associated votes. The Board of Directors has not exercised the authorisation granted by the General Meeting to transfer the company's own Series A shares during January-June 2007. All of the acquired shares are in the company's possession. 6. NUMBER OF SHARES *) 1-6/2007 1-6/2006 1-12/2006 - average 10,363,404 10,378,878 10,376,311 - average number of shares adjusted for dilution from warrants 10,363,404 10,452,964 10,413,050 - at end of period 10,363,404 10,375,404 10,363,404 *) Acquired treasury shares deducted 7. TRADING OF SERIES A SHARES ON THE HELSINKI STOCK EXCHANGE IN JANUARY-JUNE 2007 Number of Olvi A shares traded in 01-06/2007 1,349,933 Total trading volume, EUR 1,000 31,352 Traded shares in proportion to all Series A shares, % 15.9 Average share price 01-06/2007, EUR 23.10 Highest quote in June, EUR 30.80 Lowest quote in January, EUR 19.50 8. SHAREHOLDERS Book entries Votes Shareholders Finnish total 8303595 80.00 42788291 93.35 5637 Foreign total 556614 5.36 1528350 3.33 28 Nominee registered (foreign) total 1145 0.01 1145 0.00 2 Nominee registered (Finnish) total 1518050 14.63 1518050 3.31 8 Total 10379404 100.00 45835836 100.00 5675 9. LARGEST SHAREHOLDERS ON 29 JUNE 2007 Series K Series A Total % Votes % 1. Olvi Foundation 1,181,952 354,408 1,536,360 14.80 23,993,448 52.35 2. Hortling Heikki Wilhelm *) 450,712 85,380 536,092 5.16 9,099,620 19.85 3. The Heirs of Hortling Kalle Einari 93,552 12,624 106,176 1.02 1,883,664 4.11 4. Hortling Timo Einari 82,912 17,304 100,216 0.97 1,658,24 3.62 5. Hortling-Rinne Marit 51,144 1,050 52,194 0.50 1,023,930 2.23 6. Skandinaviska Enskilda Banken nominee register 987,785 987,785 9.52 87,785 2.16 7. Ilmarinen Mutual Pension Insurance Company 515,748 515,748 4.97 515,748 1.13 8. Nordea Bank Finland plc, nominee register 388,846 388,846 3.75 388,846 0.85 9. Autocarrera Oy Ab 221,690 221,690 2.14 221,690 0.48 10.Pensionsförsäkringsaktiebolaget Veritas Pension Insurance Company 208,000 208,000 2.00 208,000 0.45 Others 5,856 5,720,441 5,726,297 55.17 5,854,865 12.77 Total 1,866,128 8,513,276 10,379,404 100.00 45,835,83 100.00 *) The figures include the shareholder's own holdings and shares held by parties in his control. 10. PROPERTY, PLANT AND EQUIPMENT 1-6/2007 1-6/2006 1-12/2006 Increase 11,246 10,834 21,878 Decrease -141 -520 -3,535 Total 11,105 10,314 18,343 11. CONTINGENT LIABILITIES EUR 1,000 30.6.2007 30.6.2006 31.12.2006 Pledges and contingent liabilities For own commitments 1,135 1,135 765 For others 731 1,278 1,055 Leasing liabilities: Due within one year 809 1,050 1,041 Due within 1 to 5 years 1,122 1,148 1,019 Due in more than 5 years 5 0 5 Total leasing liabilities 1,936 2,198 2,065 Package liabilities 5,703 5,489 4,734 Other liabilities 1,980 1,980 1,980 Debts for which mortgages have been given as collateral Loans from financial institutions For own commitments 1,545 3,091 2,318 For others 229 2,826 1,527 12. CALCULATION OF FINANCIAL RATIOS Shareholders' equity held by parent company Equity to shareholders + minority interes total assets, % = 100 * ___________________________________________ Balance sheet total - advance payments received Profit belonging to parent company shareholders Earnings per share = _______________________________________________ Average number of shares during the period, adjusted for share issues Shareholders' equity held by parent company shareholders Equity per share = ______________________________________________ Number of shares at end of period, adjusted for share issues Interest-bearing debt - cash in hand and at bank Gearing, %= ______________________________________________ Shareholders' equity held by parent company shareholders + minority interest