At the end of the year there were 323,934,775 shares, divided into 240,765,832 class A shares and 83,168,943 class B shares, which was unchanged since December 31, 2010. Each class A share carries one vote and each class B share carries one-tenth of one vote. The quotient value per share is SEK 8.80. At the end of 2011, SSAB’s three largest owner groups in terms of capital were Industrivärden, Swedbank Robur Funds and Nordea Investments Funds. It should be noted that the holdings of foreign owners in SSAB are nominee-registered. At the end of 2011, SSAB had 70,151 shareholders, an increase of approximately 1,700 during the year. The ten largest identified owners together owned 42.0 percent of the share capital and 48.0 percent of the voting capital. Foreign-registered ownership in SSAB decreased slightly during the year and, at the end of December, represented approximately 21 percent of the share capital.