HOLDING OF FRANKLIN RESOURCES, INC. IN KEMIRA OYJ 9.99%


The U.S. –based Franklin Resources, Inc. has informed Kemira Oyj of changes on 5 May 1999 and 27 May 1999 in their holding in Kemira Oyj. On 27 May 1999 their holding and that of mutual funds and separate accounts managed by the affiliated investment advisers of Franklin Resources, Inc. in Kemira totalled 9.99 per cent.

On 5 May 1999 the holding of shares and pertaining voting rights by Franklin Resources, Inc. and the mutual funds and separate accounts managed by the affiliated investment advisers of Franklin Resources in Kemira Oyj exceed 10 percent of Kemira Oyj’s share capital and pertaining voting rights of the company and total 6.01 percent of the company’s share capital and 4.00 percent of voting rights. On 27 May 1999 the corresponding figures were reduced to 9.99 percent of Kemira Oyj’s share capital and pertaining voting rights and were 5.99 % of the share capital and 4.00 percent of voting rights.

The holding was distributed as follows (5 May 1999):

Templeton Global Advisers Ltd 6 460 900 5,02 %
Templeton Investment Counsel,Inc. 1 088 632 0,84 %
Templeton Investment Mgmt Ltd (UK) 163 570 0,13 %
Templeton Management Ltd. (Canada) 32 100 0,02 %
Yhteensä 7 745 202 6,01 %

Holding of voting rights by affiliated advisers of
Franklin Resources, Inc. under account management
agreements (5 May 1999):

Templeton Franklin
Invt. Services Inc. 49 960 0,04 %
Templeton Global Advisers Ltd. 2 596 100 2,02 %
Templeton Investment Counsel, Inc. 2 427 688 1,88 %
Templeton Management Ltd. (Canada) 76 500 0,06 %
Yhteensä 5 150 248 4,00 %

The holding was distributed as follows (27 May 1999)
No of Proportion
shares of share cap
Voting rights
Templeton Global Advisers Ltd 6 434 700 5,00 %
Templeton Investment Counsel,Inc. 1 088 632 0,84 %
Templeton Investment Mgmt Ltd (UK) 163 570 0,13 %
Templeton Management Ltd. (Canada) 32 100 0,02 %
Yhteensä 7 719 002 5,99 %

Holding of voting rights by affiliated advisers of Franklin
Resources, Inc. under account management agreements (27
May 1999)
No of Proportion
shares of
Voting rights
Templeton Franklin
Invt. Services Inc. 49 960 0,04 %
Templeton Global Advisers Ltd. 2 596 100 2,02 %
Templeton Investment Counsel, Inc. 2 424 248 1,88 %
Templeton Management Ltd. (Canada) 76 500 0,06 %
Yhteensä 5 146 808 4,00 %