PERFORMANCE OF MUTUAL FUNDS INVESTING IN FINLAND

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1 Painorajoitettu FOX-salkku 0878$/)81'5(3257 Return, % PERFORMANCE OF MUTUAL FUNDS INVESTING IN FINLAND Risk funds Equity funds Asset allocation funds Bond funds Short-term bond funds Money market funds Benchmark indices June 1, May 31, 1999 HEX Yield Index 20 Gyllenberg Momentum 15 Conventum Finland OP-Delta Trevise Equityfund Leonia Government Bond Index OP-Yield OP-Pirkka 10 Gyllenberg Optimum Conventum Forte Leonia Yhteisöosake Weight-limited Mandatum Optimi Evli Mix Leonia Osake Conventum Futura FOX Portfolio Diana Balanced 5 Merita Optima Seligson FOX-index Gyllenberg Finlandia A.Berg Finland&Portfolio Deposit rate Mandatum Osake 3 month Euribor Index Alfred Berg Optimal Mandatum Vipu Mandatum Kontra Handelsbanken Osake 0 Evli Select Fondita Equity Diana Equity Aktia Capital Merita Pro Suomi Gyllenberg Small Firm HEX Portfolio Yield Index Carnegie Suomi Osake Leonia Kasvuosake Merita Fennia -20 Odin Finland Volatility, % -81(

2 3(5)250$1&(2))81'60$<67 5,6.)81'6 RETURN (%) Example RISK RETURN / RISK Nominal Investment Volatility Sharpe 1 mo. 6 mo. 12 mo. 2 yr, p.a. 3 yr, p.a. 5 yr, p.a. 12 mo. (%, 12 mo.) Beta ratio Alfa ),1/$1' Gyllenberg Momentum Conventum Futura Mandatum Risk Mandatum Kontra (48,7<)81'6 RETURN (%) Example RISK RETURN / RISK Nominal Investment Volatility Sharpe 1 mo. 6 mo. 12 mo. 2 yr, p.a. 3 yr, p.a. 5 yr, p.a. 12 mo. (%, 12 mo.) Beta ratio Alfa ),1/$1' OP-Delta Conventum Finland Trevise Equity Fund Leonia Yhteisöosake Leonia Osake Seligson & Co FOX-indeksirahasto Carnegie Eurokorko Alfred Berg Finland Gyllenberg Finlandia Mandatum Equity Evli Select Handelsbanken Osake Diana Equity Fondita Equity Merita Pro Finland Carnegie Suomi Osake Aktia Capital Gyllenberg Small Firm Leonia Kasvuosake Merita Fennia Odin Finland Alfred Berg Small Cap FIM Fenno Opstock Finland Index $66(7$//2&$7,21)81'6 RETURN (%) Example RISK RETURN / RISK Nominal Investment Volatility Sharpe 1 mo. 6 mo. 12 mo. 2 yr, p.a. 3 yr, p.a. 5 yr, p.a. 12 mo. (%, 12 mo.) Beta ratio Alfa ),1/$1' OP-Pirkka Gyllenberg Optimum OP-Yield Conventum Forte Mandatum Optimum Evli Mix Diana Balanced Alfred Berg Optimal Merita Optima Carnegie Optimi Carnegie Sijoitus Carnegie Plus Mandatum Neutral

3 3(5)250$1&(2))81'60$<67 %21')81'6 RETURN (%) Example RISK RETURN / RISK Nominal Investment Volatility Duration 1 mo. 6 mo. 12 mo. 2 yr, p.a. 3 yr, p.a. 5 yr, p.a. 12 mo. (%, 12 mo.) (years) Sharpe ratio ),1/$1' OP-Interest Carnegie Kunta Merita Bond Mandatum Bond Aktia Interest Diana Fixed Income Gyllenberg Bond (<0$5.(7)81'6 RETURN (%) Example RISK Nominal Investment Volatility Duration 1 mo. 2 mo. 3 mo. 6 mo. 9 mo. 12 mo. 2 yr, p.a. 12 mo. (%, 12 mo.) (years) ),1/$1' Gyllenberg Money Manager Mandatum Short Term OP-Markka Aktia Likvida Seligson & Co Rahamarkkinarahasto Merita Money Market Carnegie Likvidi FIM Likvidi %(1&+0$5.,1',&(6 RETURN (%) Example RISK RETURN / RISK Nominal Investment Volatility Beta (B) / Sharpe 1 mo. 6 mo. 12 mo. 2 yr, p.a. 3 yr, p.a. 5 yr, p.a. 12 mo. (%, 12 mo.) Duration (D) ratio Alfa HEX Yield Index B HEX Portfolio Yield Index B Weight-limited FOX Portfolio B Leonia Government Bond Index D month Euribor Index D Deposit rate

4 3(5)250$1&(2))81'60$<67 RETURN (%) Example RISK RETURN / RISK Nominal Investment Volatility Duration 1 mo. 6 mo. 12 mo. 2 yr, p.a. 3 yr, p.a. 5 yr, p.a. 12 mo. (%, 12 mo.) (years) Sharpe ratio %21')81'6 (852 Alfred Berg Bond Leonia Obligaatio Carnegie Eurokorko Leonia Yhteisöobligaatio Evli Euro Government Bond Merita Pro Euro Bond MeritaNordbanken Euro Bond Trevise Bond Fund Conventum Euro Obligaatio Handelsbanken Euro-obligaatio P.S. European Bond Fleming FF Euro Bond Skandifond Bond Fund -Euro FIM Euro CUPP Short-Term Bond Seligson & Co Euro Obl Carlson Euro Bond RETURN (%) Example RISK Nominal Investment Volatility Duration 1 mo. 2 mo. 3 mo. 6 mo. 9 mo. 12 mo. 2 yr, p.a. 12 mo. (%, 12 mo.) (years) (50%21')81'6 (852 Evli Euro Balanced Fixed Income Conventum Euro Julkisyhteisö RETURN (%) Example RISK Nominal Investment Volatility Duration 1 mo. 2 mo. 3 mo. 6 mo. 9 mo. 12 mo. 2 yr, p.a. 12 mo. (%, 12 mo.) (years) 021(<0$5.(7)81'6 (852 Leonia Yhteisökorko Merita Pro Euro Money Market Conventum Euro Evli Euro Interest Alfred Berg Markka Trevise Money Market Fund Leonia Korko Handelsbanken Eurokorko Skandifond Short Bond Fund - Euro Ålandsbanken Liquidity MN Euro Korko RETURN (%) Example RISK RETURN / RISK Nominal Investment Volatility Beta (B) / Sharpe 1 mo. 6 mo. 12 mo. 2 yr, p.a. 3 yr, p.a. 5 yr, p.a. 12 mo. (%, 12 mo.) Duraatio (D) ratio %(1&+0$5.,1',&(6 Leonia All EMU Benchmark Bond Ind D Leonia Government Bond Index D month Euribor Index D Deposit rate

5 3(5)250$1&(2),17(51$7,21$/)81'60$<67 RETURN (%) Example Investment RISK RETURN Nominal (EUR) 12 mo. Volatility (%, 12 mo.) / RISK 1 mo. 6 mo. 12 mo. 2 yr, p.a. 3 yr, p.a. 5 yr, p.a. EUR Dom. Curr. EUR Dom. Curr. Sharpe 5,6.)81'6,17(51$7,21$/ Conventum Focus Nordic C Phalanx Nordic C RETURN (%) Example Investment RISK RETURN Nominal (EUR) 12 mo. Volatility (%, 12 mo.) / RISK 1 mo. 6 mo. 12 mo. 2 yr, p.a. 3 yr, p.a. 5 yr, p.a. EUR Dom. Curr. EUR Dom. Curr. Sharpe (48,7<)81'6,17(51$7,21$/ Nordic Countries Carnegie Sverige CUPP Nordic Growth SHB Nordic Carnegie Nordic Markets Trevise Tillväxtfond Carlson Scandinavia SHB Sweden SEB Fund Sverige Fidelity Nordic Skandi Nordic Merita Avanti Merita Nordia Alfred Berg Norden Fondita Nordic Small Cap Carnegie Småbolag SEB Nordiska småbolag Carnegie Aksje Norge Carlson Hanseatic Small Cap Skandi Norge Odin Norge Odin Sverige Evli Nordic Smaller Comp Odin Norden MeritaNordbanken Nordic Small Cap Europe Evli Euro Skandi UK Merita European Fund Skandifond Mediterranean Aktia Euro P.S European Growth Carlson Mediterranean Indosuez GIF Continental Europe Fidelity European Growth SHB Europa CUPP European Growth Evli European Smaller Companies Alfred Berg Europe S-E-Banken Fund - Europa Fleming FF European Smaller Co s Alfred Berg Germany P.S. European Enterprise Fleming FF European Leonia Euro Osake SHB Germany Alfred Berg Switzerland Skandifond Continental Europe Carlson Continental Europe Gyllenberg European Equity Fidelity European Smaller Co s SEB Europeisk småbolag OP-Euro Osake WIP Value Visions Seligson & Co Eurooppa 50-indeksir MeritaNordbanken Euroland Carlson Europe Skandi Equity Fund Euro FIM Tekno Leonia Euro Kasvuosake Opstock Euro Index -3.5 Mandatum Eurooppa

6 3(5)250$1&(2),17(51$7,21$/)81'60$<67 RETURN (%) Example Investment RISK RETURN Nominal (EUR) 12 mo. Volatility (%, 12 mo.) / RISK 1 mo. 6 mo. 12 mo. 2 yr, p.a. 3 yr, p.a. 5 yr, p.a. EUR Dom. Curr. EUR Dom. Curr. Sharpe (48,7<)81'6,17(51$7,21$/ North America Fidelity America Merita American Fund P.S. North American Growth CUPP America Growth Skandi North America SHB America Alfred Berg North America SEB Nordamerika småbolag Fleming FF American P.S. American Enterprise Carlson American Small Cap Japan P.S. Nippon Enterprise Fleming FF Japanese Smaller Co s Fidelity Japan Smaller Co s Fleming FF Japanese SHB Japan P.S. Nippon Growth Fidelity Japan Merita Asian Fund Alfred Berg Japan Carlson Japan Indosuez GIF Japan Portfolio Skandi Japan Pacific Rim excl. Japan Fidelity South East Asia Skandi Far East Fleming FF Asian Opportunities Indosuez GIF Asia Pacific SHB Pacific P.S. Asia Tiger Growth Fleming FF Pacific Carlson Far East Indosuez GIF Asean Alfred Berg Far East Emerging Markets Fidelity Hong Kong & China Fleming FF China Skandi Emerging Markets Fidelity Latin America Carlson Latin America Carnegie East-European Skandi Eastern Europe Fleming FF Eastern European Carlson Eastern Europe Nordbanken Östeuropa Hansa Investment Fund FIM Russia Global SEB Fund Teknologi Fidelity International Evli Global Trevise Global Equity CUPP Global Managed SHB International Carnegie Worldwide SEB Fund Läkemedel Opstock Global Equity Skandi Global Alfred Berg Global Aktia Global Carlson Global Merita Internat. Equity Fund Merita Pro Global Equity Merita World Fund Merita Foresta SEB Fund Miljö Odin Maritim

7 3(5)250$1&(2),17(51$7,21$/)81'60$<67 RETURN (%) Example Investment RISK RETURN Nominal (EUR) 12 mo. Volatility (%, 12 mo.) / RISK 1 mo. 6 mo. 12 mo. 2 yr, p.a. 3 yr, p.a. 5 yr, p.a. EUR Dom. Curr. EUR Dom. Curr. Sharpe (48,7<)81'6,17(51$7,21$/ Global Fondita OP-Forest Seligson & Co Global Top 25 Brands Mandatum Global Ålandsbanken Global Blue Chip Ålandsbanken Share Index Loan Elite Evli IT-Informaatioteknologia 1.5 Leonia Teknologiaosake Carnegie Medical Myriadi Kasvu -0.1 Conventum Pharma MN Medica Life Science -2.2 RETURN (%) Example Investment RISK RETURN Nominal (EUR) 12 mo. Volatility (%, 12 mo.) / RISK 1 mo. 6 mo. 12 mo. 2 yr, p.a. 3 yr, p.a. 5 yr, p.a. EUR Dom. Curr. EUR Dom. Curr. Sharpe $66(7$//2&$7,21)81'6,17(51$7,21$/ FIM Forte Global Skandi International Global Leonia Euro Yhdistelmä Europe Opstock Global Balanced Global Conventum Global Global Gyllenberg International Global Merita Private Global SHB Multimarket Global Aktia Secura Global Carlson International Global Gyllenberg European Bal. Europe Ålandsbanken Eur Act Pf. Europe Alfred Berg Opt. Europe Europe Gyllenberg Forum Global -0.5 Evli Euro Mix Euro Leonia Glob. Yhdistel. Global Evli European Allocation Europe -4.1 RETURN (%) Example Investment RISK RETURN Nominal (EUR) 12 mo. Volatility (%, 12 mo.) / RISK 1 mo. 6 mo. 12 mo. 2 yr, p.a. 3 yr, p.a. 5 yr, p.a. EUR Dom. Curr. EUR Dom. Curr. Sharpe %21')81'6,17(51$7,21$/ Merita Internat. Bond Fund Global Indosuez GIF Global Bond Global Fleming FF Internat. Bond Global SHB International Bonds Global Skandi Bond International Global Indosuez GIF Eur. Bond Pf. Europe Carlson International Bond Global SHB Swedish Bonds Nordic C Gyllenberg European Bond Europe %(1&+0$5.,1',&(6 RETURN (%) RISK RETURN Nominal (EUR) Volatility (%, 12 mo.) / RISK 1 mo. 6 mo. 12 mo. 2 yr, p.a. 3 yr, p.a. 5 yr, p.a. EUR Sharpe MSCI Nordic MSCI Europe MSCI EMU MSCI North America MSCI Japan MSCI Far East MSCI Pacific MSCI Emerging Markets MSCI World Index SB World Gvmt Bond MSCI: Morgan Stanley Capital International, SB: Salomon Brothers Inc. -81( +(;

8 '$7$2)0878$/)81'6$6$70$<67 Portfolio Reg. Coun- Size Net subs. No. of inves- Start Minimum invest- Value of share Dividends Subscription fee / Manag. Redemption fee / cust. and manager try MEUR MEUR tors month ment EUR EUR 99 min EUR min EUR (% / yr) Aktia Fund Management Ltd Aktia Capital L. Grandell Finland ,749 05/ FIM [B]/100 sh. 1.5 [A] 1% Aktia Euro T. Lehto Finland ,919 04/ FIM [B]/100 sh. - 1% Aktia Global T. Lehto Finland ,829 05/ FIM [B]/100 sh [A] 1% Aktia Interest J. Juslin Lux ,566 12/91 1 share [B] -[A] 1% Aktia Likvida M. Westerlund Finland / FIM / 100 sh. doesn t pay 0.5% Aktia Secura T. Lehto Finland ,629 10/ FIM [B]/100 sh [A] 1% Alfred Berg Rahasto Oy Alfred Berg Euro Bond M. Vartiainen Finland ,317 09/93 30,000 FIM [B] 9 [A] 0 0.5%/100 FIM 0.70 Euro Yhdistelmäkorko M. Vartiainen Finland /99 30,000 FIM [B]/100 sh. 0.0% 0 0.5%/100 FIM 0.70 Alfred Berg Eurokorko M. Vartiainen Finland ,181 10/95 30,000 FIM [B] 5 [A] % 0.50 Alfred Berg Europe ABN Amro Lux /95 30,000 FIM % a 500 FIM 1.40 Alfred Berg Far East A. West Lux /92 30,000 FIM USD 2.60 USD 1% a 500 FIM 1.40 Alfred Berg Finland J. Vainio Finland ,029 12/92 30,000 FIM [B]/100 sh. 30 [A] %/100 FIM a 1%/100 FIM 1.30 Alfred Berg Germany ABN Amro Lux /89 30,000 FIM % a 500 FIM 1.40 Alfred Berg Global B. Kvarnskog Lux /87 30,000 FIM USD - 1% a 500 FIM 1.40 Alfred Berg Japan H. Keijmans Lux /93 30,000 FIM 9,581 JPY - 1% a 500 FIM 1.40 Alfred Berg N. America S. Bernstein Inc. Lux /91 30,000 FIM USD 0.65 USD 1% a 500 FIM 1.40 Alfred Berg Norden E. Svensson Lux /87 30,000 FIM 3, SEK - 1% a 500 FIM 1.40 Alfred Berg Opt. Eur. M. Koskimies Finland /98 30,000 FIM [B] 3 [A] 1% a 1% 1.90 Alfred Berg Optimal J.Vainio, M. Vartiainen Finland ,913 07/98 30,000 FIM [B] 14 [A] %/100 FIM a 1%/100 FIM 1.90 Alfred Berg Portfolio J. Vainio Finland /93 1,680, [B] 2.23 [A] 0-1% 1% 0.70 Alfred Berg Small Cap J. Vainio Finland /98 30,000 FIM [B] 2 [A] 1% a 1% 1.60 Alfred Berg Switzerland E. Svensson Lux /89 30,000 FIM CHF - 1% a 500 FIM 1.40 Carlson Funds, promoter Fides Asset Management American Small Cap P. Szozygiel Lux /94 100,000 FIM USD doesn't pay 1% Continental Europe H. Johnsson Lux /90 100,000 FIM doesn't pay 1% Eastern Europe A. Gibbs Lux /98 100,000 FIM doesn't pay 1% Euro Bond S. Elowson Lux /98 100,000 FIM doesn't pay 0.5% Europe H. Johnsson Lux /98 100,000 FIM doesn't pay 1% Far East T. Leung Lux /90 100,000 FIM doesn't pay 1% Global M. Josefsson Lux /90 100,000 FIM USD doesn't pay 1% Hanseatic Small Cap E. Nicklasson Lux /97 100,000 FIM doesn't pay 1% International P. du Luart Lux /90 100,000 FIM USD doesn't pay 1% International Bond S. Elowson Lux /91 100,000 FIM USD doesn't pay 0.5% Japan C. Abraham Lux /90 100,000 FIM JPY doesn't pay 1% Latin America J. Darell-Barnes Lux /96 100,000 FIM USD doesn't pay 1% Mediterranean D. Le Conte Lux /90 100,000 FIM doesn't pay 1% Scandinavia E. Nicklasson Lux /98 100,000 FIM doesn't pay 1% Carnegie Funds Carnegie Aksje Norge K. Sørensen Norway ,364 07/95 1, NOK doesn't pay 2% 0.5% 1.20 Carnegie East-European B. Knudsen Lux /98 1, doesn't pay 0-1% 0.5-1% 2.20 Carnegie Eurokorko K. Jansson Finland /94 1, % % 0.50 Carnegie Kunta J. Stirkkinen Finland /94 1,000,000 FIM % 0.50 Carnegie Likvidi K. Jansson Finland /96 1, % Carnegie Medical Henrik Rhenman Lux /98 1, doesn't pay 0-2% 0-1% 1.70 Carnegie N. Markets B. Seger Lux /96 1, doesn't pay 0-1% 0.5%-1.0% 1.60 Carnegie Optimi+ K. Jansson, T. Penttala Finland / FIM doesn't pay 0-2% 0.5-1% 1.80 Carnegie Plus K. Jansson Finland / FIM doesn't pay 0-2% 0.5-1% 0.90 Carnegie Sijoitus+ K. Jansson Finland / FIM doesn't pay 0-2% 0.5-1% 1.50 Carnegie Småbolag H. Telander Sweden /96 1, SEK - 0-1% 0.5-1% 1.70 Carnegie Suomi Osake T. Penttala Finland / c doesn't pay 0-2% 0.5-1% 1.25 Carnegie Sverige H. Telander Sweden /96 1, SEK - 0-1% 0.5-1% 1.70 Carnegie Worldwide M. Randel Lux /95 1, doesn't pay 0-1% 0.5%-1.0% 1.60 Commercial Union Privilege Portfolio America Growth C. Brand Lux /90 15,000 FIM USD doesn't pay 4.25% European Growth B. Berry Lux /90 15,000 FIM ECU doesn't pay 4.25% Global Managed R. Bade Lux /90 15,000 FIM USD doesn't pay 4.25% Nordic Growth J. Smith Lux /98 15,000 FIM NOK doesn't pay 4.25% Short-Term Euro Bond M. Borland Lux /98 15,000 FIM ECU - 1%

9 '$7$2)0878$/)81'6$6$70$<67 Portfolio Reg. Coun- Size Net subs. No. of inves- Start Minimum invest- Value of share Dividends Subscription fee / Manag. Redemption fee / cust. and manager try MEUR MEUR tors month ment EUR EUR 99 min EUR min EUR (% / yr) Conventum Fund Ltd Euro J-P Leppä Finland /96 5, [A] Euro Julkisyhteisö J-P Leppä Finland /95 5, [A] Euro Obligaatio J-P Leppä Finland /94 5, [A] 0 0.5% 0.54 Finland M. Heikkilä Finland /94 5, [A] 1% 1% 1.54 Focus J-P Leppä Finland /97 5, [A] 0.3% 1% 3.11 Forte M. Heikkilä Finland /94 5, [A] 1% 1% 1.79 Futura M. Heikkilä Finland /94 5, [A] 1% 1% 2.04 Global UBS Brinson Finland /98 5, [A] 1% 1% 1.34 Pharma J-P Leppä Finland /99 5, [B] - [A] 1% 1% 2.25 Diana Mutual Fund Ltd Diana Fixed Income M. Härkänen Finland /94 no min doesn't pay 0.5%35% / 100 FIM 0.70 Diana Balanced M. Härkänen Finland / FIM 3.18 doesn't pay 3% 1% 2.10 Diana Equity M. Härkänen Finland /93 20,000 FIM doesn't pay 2%.5% / 100 FIM 1.60 Evli Fund Management Company Ltd Euro 50 K. Gerkman Finland / c [B] - [A] 0.5-1% 1 % / Euro Comm. Fixed IncomL. Keinänen Finland /97 150, [B] 1.0 [A] 0 0,5% / Euro Government Bond L. Keinänen Finland / c [B] 1.4 [A] 0 0,5% / Euro Interest L. Keinänen Finland /94 5, doesn't pay Euro Mix Gerkman, Hildebrandt Finland /99 5, [B] - [A] 0.5-1% 1 % / European Sm. Co's Lombard, Odier & Cie Finland / c [B] - [A] 0.5-1% 1 % / Evli Europ. Allocation Gerkman, Hildebrandt Finland /99 150, [B] - [A] 0 1 % / Global Lombard, Odier & Cie Finland / c [B] 0.70 [A] 0.5-1% 1 % / IT-informaatiotekno. E. Öhman Finland / c [B] - [A] 0.5-1% 1 % / b Mix Lehtimäki, Hildebrandt Finland ,175 11/ c [B] 0.20 [A] 0.5-1% 1 % / Nordic Sm. Comp. S. Krokfors Finland / c [B] % 1 % / Select M. Lehtimäki Finland / c [B] 0.60 [A] 0.5-1% 1 % / Fidelity Funds Sicav; Representative office / Stockholm America M. Wonisch Lux / FIM USD doesn't pay 5.25% European Growth A. Bolton Lux. 1, / FIM % European Smaller Co's C. Stone Lux / FIM doesn't pay 5.25% Hong Kong & China J. Tse Lux / FIM USD % International D. Habermann Lux. 1, / FIM USD doesn't pay 5.25% Japan Y. Tilley Lux / FIM JPY doesn't pay 5.25% Japan Smaller Co's A. Kibe Lux / FIM 1,141 JPY doesn't pay 5.25% Latin America P. Satterthwaite Lux / FIM USD % Nordic T. Toraasen Lux / FIM SEK % South East Asia P. Phillips Lux / FIM USD % FIM Fund Ltd FIM Euro A. Konttas Finland /98 30,000 FIM doesn't pay 0.4 % 0.4 % 0.70 FIM Fenno M. Kaloniemi Finland /98 30,000 FIM doesn't pay 1% 1% 1.60 FIM Forte M. Kaloniemi Finland ,430 07/94 30,000 FIM doesn't pay 1% 1% 2.10 FIM Likvidi A. Konttas Finland /97 30,000 FIM doesn't pay 0.3 % 0.3 % 0.50 FIM Russia A. Pohjola Finland /98 30,000 FIM 7.74 doesn't pay 2% 2% 3.30 FIM Tekno M. Kaloniemi Finland /99 30,000 FIM doesn't pay 1% 1% 1.80 Fleming Flagship Funds, promoter OKO / Opstock FFF American J. Simon Lux. 1, /88 15,000 FIM USD doesn't pay 1-5.5% FFF Asian Opportunit. R. Ellis Lux /89 15,000 FIM USD % FFF China S. Luk Lux /94 15,000 FIM 9.51 USD % FFF Eastern European S. Böttcher Lux /94 15,000 FIM doesn't pay 1-5.5% FFF Euro Bond G. Dunham Lux /95 15,000 FIM % FFF European S. Roberts Lux /88 15,000 FIM % FFF European Sm. Co's J. Campbell Lux /94 15,000 FIM doesn't pay 1-5.5% FFF International Bond N. Coutts Lux /88 15,000 FIM USD % FFF Japanese S. Jones Lux /88 15,000 FIM USD (0) USD 1-5.5% FFF Japanese Sm. Co's J. Dobson Lux /94 15,000 FIM 7.62 USD doesn't pay 1-5.5% FFF Pacific R. Ellis Lux /88 15,000 FIM USD % ( +(;

10 '$7$2)0878$/)81'6$6$70$<67 Portfolio Reg. Coun- Size Net subs. No. of inves- Start Minimum invest- Value of share Dividends Subscription fee / Manag. Redemption fee / cust. and manager try MEUR MEUR tors month ment EUR EUR 99 min EUR min EUR (% / yr) Fondita Rahastoyhtiö Oy Fondita A. Svartbäck Finland /98 no min [B] % 1% 2.13 Fondita Equity A. Svartbäck Finland /97 no min [B] 1.36 [A] 0.5-1% 1% 2.13 Fondita Nordic Sm. Cap A. Svartbäck Finland /97 no min [B] % 1% 2.13 Groupe Indosuez Funds FCP GIF Asean R. Tan Lux /90 10,000 USD 3.77 USD doesn't pay % GIF Asia Pacific C. Leong Lux /90 10,000 USD 3.30 USD[C] doesn't pay % GIF Eurostocks L. Sina Lux /90 10,000 USD 3.72 doesn't pay % GIF Eur. Bond Portfolio E. Brard Lux /91 10,000 USD 2.06 [C] % GIF Global Bond B. Crastes Lux /90 10,000 USD 3.49 USD[C] % GIF Japan Portfolio N. Suzuki Lux /90 10,000 USD 236 JPY doesn't pay % Gyllenberg Funds Ltd Bond A. Björklund Finland /94 5, [B] 4 [A] 0% 0.5% 0.70 European Balanced Rothschild Asset M. Finland /98 5, [B] - [A] 0.5-1% 1% 1.30 European Bond Rothschild Asset M. Finland /98 5, [B] - [A] 0% 0.5% 0.70 European Equity Morgan Stanley A. M. Finland /97 5, [B] 3 [A] 0.5-1% 1% 1.30 Finlandia M. Rusanen Finland /93 5, [B] 10 [A] 0.5-1% 1% 1.30 Forum R. Hujanen Finland /99 5, [B] - [A] 1% 1% 0.90 International Rothschild Asset M. Finland ,250 04/95 5, [B] 7 [A] 0.5-1% 1% 1.60 Momentum M. Rusanen Finland ,102 01/97 5, [B] 10 [A] 0.5-1% 1% 2.50 Money Manager A. Björklund Finland /96 5, [B] 2.5[A] 0% 250 FIM 0.40 Optimum Puhakka, Backholm Finland ,222 02/91 5, [B] 12 [A] 0.5-1% 1% 1.30 Small Firm O. Tuuri Finland /94 5, [B] 10 [A] 0.5-1% 1% 2.50 SEB Bond Fund Euro A. Boberg Lux /89 5, FIM 0.5% 0.80 SEB Bond International L. Hässel Lux /87 5, FIM 0.5% 1.10 SEB Continental Europe A. Lundberg Lux ,273 12/88 5, doesn't pay 1% 1% 1.40 SEB Eastern Europe M. Vincent Lux ,639 09/96 5, doesn't pay 1% 1% 1.75 SEB Emerging Markets P. Vaduva Lux ,733 04/92 5, doesn't pay 1% 1% 1.75 SEB Equity Fund Euro A. Lundberg Lux ,985 06/98 5, % 1% 1.40 SEB Eur. Småbolagsf. M. Månsson Sweden ,051 08/94 5, % 1% 1.75 SEB Far East D. Wong Lux ,045 10/87 5, doesn't pay 1% 1% 1.75 SEB Fund Europa A. Lundberg Lux /93 5, % 1% 1.40 SEB Fund Läkemedel F. Buch Lux ,246 10/93 5, % 1% 1.50 SEB Fund Miljö C. Henningson Lux /93 5, % 1% 1.50 SEB Fund Sverige T. Klevbo Lux /93 5, % 1% 1.30 SEB Fund Teknologi T. Udenaes Lux ,416 10/93 5, % 1% 1.50 SEB Global J. Hillerström Lux ,930 12/88 5, doesn't pay 1% 1% 1.50 SEB International J. Hillerström Lux ,007 10/87 5, % 1% 1.50 SEB Japan D. Walker Lux ,685 06/88 5, doesn't pay 1% 1% 1.50 SEB Mediterranean S. Lystedt Lux ,167 12/88 5, doesn't pay 1% 1% 1.40 SEB Nordam. Småbolag L. Rodert Sweden ,091 05/95 5, % 1% 1.75 SEB Nordic U. Frykhammar Lux ,304 12/88 5, doesn't pay 1% 1% 1.30 SEB Nordisk. Småbolag P. Rönström Sweden ,423 12/97 5, % 1% 1.50 SEB Norge U. Frykhammar Lux /97 5, doesn't pay 1% 1% 1.30 SEB North America L. Rodert Lux ,590 12/88 5, doesn't pay 1% 1% 1.50 SEB Short Bond Euro L. Hässel Lux /89 5, FIM 250 FIM 0.60 SEB United Kingdom T. Forssgren Lux ,264 12/88 5, doesn't pay 1% 1% 1.40

11 '$7$2)0878$/)81'6$6$70$<67 Portfolio Reg. Coun- Size Net subs. No. of inves- Start Minimum invest- Value of share Dividends Subscription fee / Manag. Redemption fee / cust. and manager try MEUR MEUR tors month ment EUR EUR 99 min EUR min EUR (% / yr) Handelsbanken Fonder AB Eurokorko Elofsson, Nygren Finland /98 1,000 FIM d 1, / 1000 sh. doesn t pay Europpa Agressiivinen P. Urban Finland ,115 05/99 1,000 FIM d doesn t pay 1% 1% 1.95 Euro-Obligaatio Elofsson, Nygren Finland /98 1,000 FIM d 1, / 1000 sh. doesn t pay 0.25 % 0.25 % 0.60 Osake S. Samaletdin Finland ,988 03/98 1,000 FIM d 1.87 doesn t pay 1% 1% 1.85 SHB America M. Jacobsson Lux /88 5,000 FIM USD doesn t pay 1% 1% 1.50 SHB Europa M. Jacobsson Sweden /89 5,000 FIM SEK 2.54 SEK 0 1% 1.60 SHB Germany Jacobsson, Haak Lux /90 5,000 FIM DEM doesn t pay 1% 1% 1.50 SHB International M. Jacobsson Lux /84 5,000 FIM USD doesn t pay 1% 1% 1.50 SHB Internat. Bonds T. Elofsson Lux /89 5,000 FIM USD doesn t pay 0.5% 0.5% 0.90 SHB Japan M. Alveskog Lux /88 5,000 FIM 399 JPY doesn t pay 1% 1% 1.50 SHB Multimarket Jacobson, Wahlstedt, LarsLux /93 5,000 FIM SEK doesn t pay 1% 1% 1.50 SHB Nordic P. Schols Lux /94 5,000 FIM SEK doesn t pay 1% 1% 1.50 SHB Pacific G. Påhlsson Lux /89 5,000 FIM 7.05 USD doesn't pay 1% 1% 1.50 SHB Sweden I. Andersson Lux /95 5,000 FIM SEK doesn't pay 1% 1% 1.50 SHB Swedish Bonds P. Johnsson Lux /91 5,000 FIM 2, SEK doesn't pay 0.5% 0.5% 0.90 INVESCO International Ltd., promoter Diana Varainhoito Oyj P.S. Am.Enterprise S. Cowell Lux , USD doesn't pay 5% 0% 1.50 P.S. Asia Tiger Growth S. Lau Lux , USD doesn't pay 5% 0% 1.50 P.S. Europ. Growth S. Chamberlain Lux , EUR doesn't pay 5% 0% 1.50 P.S. European Bond L. Missen Lux , EUR doesn't pay 5% 0% 1.00 P.S. European Enterpris. E. Wells Lux , EUR doesn't pay 5% 0% 1.50 P.S. Nip. Enterprise M. Kawada Lux , JPY doesn't pay 5% 0% 1.50 P.S. Nippon Growth J. Hegarty Lux , JPY doesn't pay 5% 0% 1.50 P.S. North Am.Growth T. Miller Lux , USD doesn't pay 5% 0% 1.50 Leonia-Funds Leonia Euro Kasvuosa. T. Lahkela Finland /98 1, [A]/1000 sh % 1% / Leonia Euro Osake A. Koskela Finland ,087 12/97 1, / 100 sh. doesn't pay 0.5% 0.5% / Leonia Euro Yhdist. Koskela, Koskiniemi Finland ,118 04/98 1, [A]/1000 sh % 0.5% / Leonia Globaali Yhdist. H. Lautjärvi Finland ,016 12/98 1, [A]/1000 sh % 0.5% / Leonia Kasvuosake T. Lahkela Finland /96 1, doesn't pay 0.5% 0.5% 1.30 Leonia Valtio A. Kilpi Finland /97 1, / 1000 sh. doesn't pay 0 0.5% / Leonia Obligaatio H. Linden Finland ,059 09/97 1, [A]/1000 sh [B] 0.5% 0.5% / Leonia Osake H. Lautjärvi Finland ,136 10/87 1, [A]/1000 sh [B] 0.5% 1% / Leonia Teknologiaosake A. Koskela Finland ,753 12/98 1, [A]/1000 sh % 1% / Leonia Yhteisökorko M. Koskiniemi Finland /96 150, doesn't pay Leonia Yhteisöobligaat. M. Kuisma Finland /97 150, [A] 0.71 [B] % 0.53 Leonia Yhteisöosake A. Koskela Finland /97 150, [A] 0.78 [B] 0.5% 0.5% 0.95 Mandatum Fund Management Company Ltd Mandatum Aasia Dresdner RCM Finland / FIM 20.0 doesn't pay 0.5-1% 1% / 50 FIM Mandatum Bond R. Manninen Finland / FIM %/50 FIM 0.70 Mandatum Equity R. Manninen Finland / FIM doesn't pay 0 0.5%/50 FIM 1.30 Mandatum Eurooppa Dresdner RCM Finland / FIM doesn't pay 0.5-1% 1% / 50 FIM 1.30 Mandatum Global Dresdner RCM Finland / FIM doesn't pay 0.5-1% 1% / 50 FIM 1.65 Mandatum Kontra R. Manninen Finland / FIM doesn't pay 0 1% / 50 FIM 2.10 Mandatum Neutral R. Manninen Finland / FIM doesn't pay 0.5-1% 1% / 50 FIM 1.10 Mandatum Optimum R. Manninen Finland ,198 10/ FIM doesn't pay 0 0.5%/50 FIM 1.50 Mandatum Risk R. Manninen Finland / FIM doesn't pay 0 1% / 50 FIM 2.10 Mandatum Short Term R. Manninen Finland / FIM doesn't pay 00.25%/50 FIM 0.40

12 '$7$2)0878$/)81'6$6$70$<67 Portfolio Reg. Coun- Size Net subs. No. of inves- Start Minimum invest- Value of share Dividends Subscription fee / Manag. Redemption fee / cust. and manager try MEUR MEUR tors month ment EUR EUR 99 min EUR min EUR (% / yr) Merita Fund Management Ltd Merita American Fund J. P. Morgan Inv. M. Finland ,423 10/97 1 share / 100 sh. doesn t pay 1% 1% 1.50 Merita Asian Fund J. P. Morgan Inv. M. Finland ,033 10/97 1 share / 100 sh. doesn t pay 1% 1% 1.50 Merita Avanti O. Elovainio Finland ,739 09/87 1 share 7.01 / 100 sh. doesn t pay 1% 1% 2.30 Merita Bond J. Kivihuhta Finland ,620 12/93 1 osuus / 1000 os % 0.5% 0.60 Merita European Fund P. van Berlekom Finland ,520 10/97 1 share / 100 sh. doesn t pay 1% 1% 1.50 Merita Fennia O. Elovainio Finland ,110 05/92 1 osuus / 1000 os. doesn t pay 1% 1% 2.00 Merita Foresta O. Elovainio Finland ,785 11/93 1 osuus / 1000 os. doesn t pay 1% 1% 1.50 Merita Int. Bond Fund J. Jakobssen Lux / mk 3.64 [A] 0.13 [B] 1% Merita Int. Equity Fund N. Adams Lux / mk 5.77 [A] 0.20 [B] 1% Merita Money Market T. Hyllinen Finland ,989 02/ mk / 1000 os mk 0.5% max. 100 mk 0.60 Merita Nordia M. Hellström Finland ,876 09/87 1 osuus 6.87 / 100 os. doesn't pay 1% 1% 2.30 Merita Optima T. Ronkainen Finland ,271 12/87 1 osuus / 1000 os % 1% 2.30 Merita Private E. Haavisto Lux / mk 4.27 [A] 0.15 [B] 3% Merita Pro Eur. Money MT. Hyllinen Finland / mk 7.55 doesn't pay 50 mk Merita Pro Euro Bond J. Kivihuhta Finland / mk doesn't pay 0.5% Merita Pro Finland O. Elovainio Finland / mk doesn't pay 1% Merita Pro Glo. Equity E. Haavisto Lux / mk 4.75 [A] 0.17 [B] 3% Merita World Fund E. Haavisto Finland ,109 10/97 1 osuus / 100 os. doesn't pay 1% 1% 1.50 MN Euro Korko T. Hyllinen Finland / mk / 100 os mk 0.5% max. 100 mk 0.60 MN Euro Obligaatio J. Kivihuhta Finland ,423 09/87 1 osuus 4.49 / 100 os % 0.5% 0.60 MN Euroland P. van Berlekom Finland ,662 10/98 1 osuus / 100 os. doesn't pay 1% 1% 1.60 MN Medica Life ScienceA. Norman Finland ,472 04/99 1 osuus / 100 os. doesn't pay 1% 1% 1.60 MN Nordic Small Cap M. Andersson Finland ,817 06/98 1 osuus / 100 os. doesn't pay 1% 1% 1.60 Nordbanken Östeuropa P. van Berlekom Sweden / mk % 1% 1.75 Myriadi Fund Oyj Myriadi Kasvu M. Kelloniemi Finland /99 5, doesn't pay 1% 1% 1.65 Odin Finland Ltd Odin Finland H. Levander Norway ,413 12/ mk e doesn't pay 2-3% 0.5% 2.00 Odin Maritim P. Goldenheim Norway ,499 10/ mk e NOK doesn't pay 2-3% 0.5% 2.00 Odin Norden P. Edwall Norway ,241 06/ mk e NOK doesn't pay 2-3% 0.5% 2.00 Odin Norge R. Wiborg Norway ,845 06/ mk e NOK doesn't pay 2-3% 0.5% 2.00 Odin Sverige P. Edwall Norway ,558 10/ mk e NOK doesn't pay 2-3% 0.5% 2.00 OP-Funds OP-Delta J. Lindén Finland ,881 02/93 ei minimiä doesn't pay 1% / 8 1% / OP-Euro Osake T. Sarre Finland ,896 06/98 ei minimiä doesn't pay 1% / 8 1% / OP-Forest M. Rantalainen Finland ,158 10/87 ei minimiä doesn't pay 1% / 8 1% / OP-Interest T. Leskinen Finland ,553 12/93 ei minimiä % / % / OP-Markka T. Leskinen Finland /96 ei minimiä % / OP-Pirkka J. Lindén Finland ,331 03/89 ei minimiä doesn't pay 1% / 8 1% / OP-Yield Leskinen, Lindén Finland ,841 10/87 ei minimiä % / 8 1% / Opstock Euro Index M. Rantalainen Finland /99 300, doesn't pay % a 0.48 Opstock Finland Ind. M. Rantalainen Finland /98 300, doesn't pay % a 0.48 Opstock Global Bal. Schroder Investment M. Finland /97 80, % Opstock Global Equity Fleming Investment M. Finland /97 80, doesn't pay 2% PYN Funds Elite P. Deryng Finland /99 5, doesn't pay b Sampo Rahastoyhtiö Oy Hansa Investment Fund M. Mäkinen Finland / mk / 1000 os % 1-5 % a 1.80 b Sampo Eur Lyhytkorko J. Rautala Finland /99 1,000 1, / 1000 os % / 10 1% / Sampo Eur Pitkä Korko J. Rautala Finland /99 1, / 1000 os % / 10 1% / Sampo Sektorit Euroop. Lombard Odier Finland /99 1, / 1000 os % 1.00% 1.60 Sampo Sektorit MaailmaLombard Odier Finland /99 1, / 1000 os % 1.00% 1.60 Sampo Sektorit Suomi J. Mäkelä Finland /99 1,000 1, / 1000 os % 1.00% 1.60 Sampo Tavoite 2010 Mäkelä, Rautala Finland /99 1, / 1000 os % 1.00% 1.60 Sampo Tavoite 2020 Mäkelä, Rautala Finland /99 1, / 1000 os % 1.00% 1.60 Sampo Tavoite 2030 Mäkelä, Rautala Finland /99 1, / 1000 os % 1.00% ( +(;

13 '$7$2)0878$/)81'6$6$70$<67 Portfolio Reg. Coun- Size Net subs. No. of inves- Start Minimum invest- Value of share Dividends Subscription fee / Manag. Redemption fee / cust. and manager try MEUR MEUR tors month ment EUR EUR 99 min EUR min EUR (% / yr) Seligson & Co Eurooppa 50-indeksirah. T. Klemetti Finland / mk % a 0.50 Euro Obligaatioindeksir. J. Niemi Finland / mk % a 0.30 FOX-indeksirahasto T. Klemetti Finland / mk % a 0.50 Global Top 25 Brands T. Klemetti Finland / mk 2.03 doesn t pay % a 0.60 Phalanx P. Seligson Finland / mk [B] 2% b Rahamarkkinarahasto J. Niemi Finland / mk / 10 os ,20 b Trevise Trevise Bond A. Lindegren Sweden /96 ei minimiä Trevise Equity K. Havimo Sweden /96 ei minimiä % f 0.3% f 1.30 Trevise Global Equity C. Möller Lux / mk doesn't pay 2% Trevise Money Market A. Lindegren Sweden /96 ei minimiä Trevise Tillväxtfond P. Uusitalo Sweden /94 ei minimiä 3, SEK - 0.3% f 0.3% f 1.25 WIP Fund Management Company WIP Value Visions Immonen, Wahlström Finland / mk [A] - [B] 1% b Ålandsbanken Fund Management Company Europe Active Portfolio Ålandsbanken Finland / mk doesn't pay 0.5 %/10 mk 0.5% /10 mk 2.20 Global Blue Chip Ålandsbanken Finland / mk doesn't pay 0.5 %/10 mk 0.5% /10 mk 2.20 Liquidity Ålandsbanken Finland / mk doesn't pay % 0.60 Share Index Loan Ålandsbanken Finland / mk doesn't pay 1 % / 10 mk 1 % / 10 mk 2.20 Total 23, ,642 Funds Investing in Finland 2, ,999 Funds Registered in Finland 6, ,037 Funds Registered in Finland Risk funds ,841 Equity funds 2, ,446 Asset allocation funds 1, ,531 Bond funds 1, ,689 Short-term bond funds Money market funds 1, ,216 a) Subscription fee depends on investments maturity d) Minimum investment in savings program 100 FIM b) In addition a return dependent fee e) Odin Funds: Minimum investment through ÅAB 2,000 FIM c) Minimum investment in savings program 500 FIM f) Trevise Equity and Trevise Tillväxtfond: Subscription and redemption fees will be redeemed to the fund 25'(5)250 The Mutual Fund Report can be ordered by phone by calling or by returning this form by fax to the number Name: Company: Address: City: Signature: -81( +(;

14 3(5)250$1&(2)),;(',1&20()81'6-XQH0D\ Return, % SUBSCRIPTION OF FUNDS 5 Leonia Government Bond Index OP-Intrest Carnegie Kunta 7 2. Carnegie Eurokorko Mandatum Bond Conventum Euro Obligaatio 1. Trevise Bond Fund 4 Aktia Interest Diana Intrest Invesco PS European Bond Gyllenberg Bond Fleming FF Euro Bond SEB Skandi Bond Fund -Euro Evli Euro Yhdistelmäkorko Conventum Euro Julkisyhteisö Bond funds Bond Funds Euroland Deposit rate 3 month Euribor Money market funds 1.Leonia Obligaatio 2.Leonia Yhteisöobligaatio 3.Evli Euro Valtionobligaatio 4.Handelsbanken Euro-obligaatio 5.Merita Bond 6.MN Euro Bond 7.Alfred Berg Euro Bond 8.Merita Pro Euro Bond Short-term bond funds Short-Term Bond Funds Euroland Money market funds Money Market Funds Euroland Benchmark indices Volatility, % (;3/$1$7,2162)7+(),*85(6 Nominal return Nominal return of fund is the per cent change in share price with paid dividends, management and custodian fees, and splits taken into account. Dividends are assumed to have been reinvested on the ex-dividend date. No taxes have been taken into account. The two, three and five year returns are expressed in a per annum basis. Example Investment Return of the example investment is the return of a one-year investment of 100,000 FIM that is realised at the end of the period. This figure takes into return account everything that nominal return does and also subscription and redemption fees for a 100,000 FIM investment. If the minimum investment of the fund is greater than 100,000 FIM, subscription and redemption fees for the minimum investment have been used. For international funds, return of the example investment is calculated both in FIM and the domestic currency of the fund. Volatility Volatility describes how rapidly the price of a fund share is likely to change and therefore measures the risk of the investment. It is calculated from the standard deviation of daily returns and is expressed in per cents annually. An often used basic rule is that if volatility is, for example, 20%, the fund s return is within the range of ±20% of fund's expected return on average in two of three years. Beta Beta describes the sensitivity of the share price of the fund to the changes in the HEX Portfolio Yield Index. For example, a Beta of 0.7 means that on average a change in HEX Portfolio Yield Index of one per cent causes a 0.7 per cent change in fund price to the respective direction. Duration Duration is a measure of a fund's interest rate sensitivity. The greater the duration, the more sensitive the fund is to shifts in interes rates. Duration figures are reported by funds. Sharpe ratio Sharpe ratio describes how much extra return compared to a riskless investment the fund has earned per each percentage point of volatility. The larger the Sharpe ratio, the better the fund has performed relative to its risk. The Sharpe ratio is not a reliable measure for money market funds, and thus is not reported for them. Alfa Alfa describes how much the annual return of the fund has exceeded the return of a corresponding benchmark portfolio. The benchmark consists of a HEX portfolio and riskless deposit. The larger the Alfa, the better the fund has performed relative to the market. Publisher HEX Fabianinkatu 14, P.O.Box 361 Telephone Helsinki Securities and Derivatives Exchange FIN Helsinki Telefax Clearing House Finland Internet -81( +(;