Jan- Sept/13. Sept/12. - % of turnover % Research and development expenses

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1 Stock exchange release 1 (13) January September 2013: Improved result for the review period The Group s turnover between January and September was 388 million ( 368 million). The Group's operating profit was 79 million ( 56 million). The Group's profit for the review period was 43 million ( 40 million). The cash flow from the operations of the Group deducted by investments was -7 million ( 26 million). Interest-bearing borrowings totalled 1,029 million ( 1,009 million). Investments totalled 130 million ( 83 million). The equity ratio was 28.6 (26.4). Earnings per share totalled 12,991 ( 12,128). July September 2013: IFRS profit confirmed The Group's turnover for the period July September was 108 million ( 106 million). Other operating profit for the third quarter of the year was 10 million ( 7 million). The Group's profit for the review period July September was 3 million ( 8 million). KEY FIGURES Turnover Investments, gross change change Dec/ of turnover Research and development expenses of turnover Personnel, average Personnel at the end of period Salaries and remunerations total Operating profit of revenue Profit before taxes of turnover Profit for the financial period Comprehensive income for the financial period Return on investments (ROI) 5.6 Return on equity (ROE) 12.4 Interest-bearing net liabilities Equity ratio Debt to equity ratio Profit/share Dividend/A shares Dividend/B shares Equity/share Dividend payout ratio A shares 25.4

2 Stock exchange release 2 (13) Dividend payout ratio B shares 10.0 Number of shares series A shares shares series B shares shares Total shares Says Jukka Ruusunen, President of Fingrid, about the interim report: "Fingrid's investment programme is proceeding according to plans the company's efficiency remains at the top European level" Fingrid's extensive investment programme is proceeding as planned, according to its schedule and budget. The of the investment programme in the current financial period is approximately 250 million. Fingrid maintained its top position in the efficiency comparison of European grid companies. This year, the system security of the power system has been at an excellent level. Inexpensive electricity has been imported to Finland from the Nordic markets, and the utilisation ratio of Fingrid's cross-border transmission links has been very high. The transmission capacity has limited electricity transmission slightly, however, clearly less than in During the first half of the year, electricity consumption remained at last year's level. The operating profit for January September was enhanced by the grid tariff increases implemented at the beginning of the year, the increased revenue from imbalance power sales, and the decrease in loss energy purchase expenses in comparison with last year. The congestion income based on the area price difference between Finland and Sweden decreased from last year by 24 million. The costs of reserves increased by 20 million during the review period due to the increase in the market prices of reserves and additional reserve purchases made to improve frequency quality. The new Electricity arket Act became effective in the beginning of September. The act contains more detailed requirements than before concerning improving the security of supply of the electricity networks and boosting the preparedness of electricity network licence holders. For Fingrid, the most significant change is the new definition of a transmission grid; from now on, Fingrid is also responsible for building individual high-voltage cables, for example in large towns within existing transmission networks." FINGRID GROUP'S INTERI REPORT 1 JAN 30 SEPT 2013 Calculation principles Financial result Fingrid's interim report has been drawn up in accordance with standard IAS 34, Interim Financial Reporting. In this interim report, Fingrid has followed the same principles as in the annual financial statements for The Group's turnover for the third quarter of the year was 108 million ( 106 million). Other operating income was 1 million ( 1 million). The Group's turnover for January September was 388 million ( 368 million). Other operating income was 3 million ( 2 million).

3 Stock exchange release 3 (13) The grid service income rose to 228 million ( 191 million) as a result of the tariff increase of 15 per cent carried out at the beginning of the year and increased connection fee income. Electricity consumption totalled 61.7 (61.8) terawatt hours. The sales of imbalance power were 113 million ( 103 million). Cross-border transmission income on the connection between Finland and Russia rose to 10 million ( 7 million) due to increased electricity imports and changes in the cross-border transmission tariff. Fingrid's congestion income between Finland and Sweden decreased significantly, to 12 million ( 36 million). Purchases of imbalance power increased from last year and totalled 89 million ( 87 million). Loss energy costs decreased to 43 million ( 48 million) due to smaller losses compared with the reference period. At the end of September, 99 per cent of Fingrid's projected loss energy procurement for the remaining part of 2013 had been hedged at an average price of 47.5 per megawatt hour. The costs of reserves, which safeguard the system security of the power system, increased by 20 million due to the increased market prices of reserves and the additional reserve purchases made to improve frequency quality. Depreciations totalled 60 million ( 56 million). aintenance management costs totalled 15 million ( 15 million). Personnel costs totalled 17 million ( 16 million). Turnover and other income ( million) Sept/1 3 Sept/ 12 Change Sept/ 13 Sept/ 12 Change Grid service income Sales of imbalance power ITC income Cross-border transmission income Finland-Estonia congestion income* Peak load capacity income** Finland-Sweden congestion income Other revenue Other operating income Turnover and other income total

4 Stock exchange release 4 (13) Costs ( million) Change Change Purchase of imbalance power Purchase of loss energy Depreciation and amortisation expense Finland-Estonia grid rents* Reserve costs Personnel costs Peak load capacity costs** aintenance management costs ITC transmission costs Other costs Costs total Operating profit without changes in the fair of commodity derivatives Operating profit of Group, IFRS *Fingrid's income from the congestion income between Finland and Estonia was 2.7 million. The costs (grid rents between Finland and Estonia) were 2.7 million, which was paid to the owners of the transmission connection. The difference received by Fingrid is created during disturbances on the Estlink connection (no disturbance occurred between January and September 2013). **The peak load capacity income and costs are related to the securing of the sufficiency of electricity during peak consumption hours within the framework of the Finnish Peak Load Capacity Act. The operating profit of the Group was 79 million ( 56 million), which contains 5 million ( -12 million) of changes in the fair of commodity derivatives. Profit before taxes was 57 million ( 53 million). Profit for the review period was 43 million ( 40 million) and the consolidated total comprehensive income was 43 million ( 46 million). The net cash flow from the operations of the Group deducted by investments was 7 million negative ( 26 million positive). The equity ratio of the Group was 28.6 (26.4) at the end of the review period. The Group's result for the financial period is characterised by seasonal fluctuations, which is why the result for the entire year cannot be directly estimated on the basis of the latest review period's profit. Investments and maintenance The implementation of the company's investment programme continued according to plans during the review period. Fingrid is currently reinforcing the electricity transmission grid on the

5 Stock exchange release 5 (13) Power system west coast of Finland. The outdated 220-kV grid extending from the Satakunta region to northern Ostrobothnia, whose transmission capacity has become insufficient, will be replaced with a 400-kV grid over the next few years. The EstLink2 project between Finland and Estonia is proceeding as planned. Important milestones were reached this summer, when the type tests of cables and the eastern Uusimaa transmission line between Anttila and Nikuviken were successfully completed. The link between the two countries will be tested in October, and the transmission line will be commercially inaugurated in early Fingrid made two procurement decisions in July. Empower Oy was chosen as the main contractor in the Lavianvuori 400/110 kv conversion project. The total costs of this project are approximately 8.5 million. Construction will begin later this autumn, and the substation will be completed in summer Empower Oy was also chosen as the contractor of the Naantalinsalmi 110 kv substation project's main contract. The total price of this substation is approximately 6.7 million. Work on the substation is in progress, and it will be completed in summer In August, Fingrid made a procurement decision concerning the order of three new transformers from Hyundai Heavy Industries Co., Ltd. The total of this agreement is nearly 9 million. In addition, Fingrid conducted new supplier audits in South Korea to assess compliance with the company's responsibility requirements. The gross investments of the Group during the third quarter were 67 million ( 26 million). The gross investments of the Group between January and September were 130 million ( 83 million). Electricity consumption in Finland between July and September totalled 18.2 terawatt hours (18.3 TWh). Between January and September, electricity consumption in Finland totalled 61.7 terawatt hours (61.8 TWh). A total of 47.7 TWh of electricity was transmitted in Fingrid's grid during the same period, representing 77 per cent of the electricity consumption in Finland. Electricity transmissions between Finland and Sweden consisted mainly of extensive imports to Finland. Between July and September, 4.3 TWh of electricity were imported from Sweden to Finland (4.7 TWh), and 0.0 TWh (0.0 TWh) were exported from Finland to Sweden. Between January and September, 8.9 TWh of electricity were imported from Sweden to Finland (11.5 TWh), and 0.7 TWh (0.2 TWh) were exported from Finland to Sweden. In the electricity transmissions between Finland and Estonia, imports and exports have alternated in terms of domination. Between July and September, the volume of electricity imported from Estonia was 0.1 TWh (0.1 TWh), and 0.3 TWh (0.5 TWh) were exported from Finland to Estonia. Between January and September, the volume of electricity imported from Estonia was 0.4 TWh (0.2 TWh), and 0.9 TWh (1.2 TWh) were exported from Finland to Estonia. The electricity transmission capacity from Russia to Finland has been fully available, but all in all, electricity import from Russia has remained at low levels, as was also the case last year. Import rates have varied greatly by the hour within the same day. Between July and September, 0.7 TWh (0.4 TWh) of electricity were imported from Russia to Finland, and between January and September the import volume was 3.5 TWh (3.0 TWh).

6 Stock exchange release 6 (13) There were no significant disturbances in the grid during the review period. A power outage of approximately one minute occurred in the Joensuu region in early September, causing disturbance to industry and production in the region. Power system operation Electricity consumption in Finland TWh Fingrid's transmission volume TWh Fingrid's loss energy volume TWh Electricity transmission Finland - Sweden Exports to Sweden TWh Imports from Sweden TWh Electricity transmission Finland - Estonia Exports to Estonia TWh Imports from Estonia TWh Electricity transmission Finland - Russia Imports from Russia TWh Electricity market The average price (system price) in the Nordic electricity exchange during the third quarter, between July and September, was 35.88/Wh ( 20.88/Wh) during the corresponding period in 2012), and the area price for Finland was 42.75/Wh ( 30.96/Wh). Between January and September, the average price in the Nordic spot market was 38.86/Wh ( 29.26/Wh), and the area price for Finland was 41.58/Wh ( 35.36/Wh). In August, the Latvian grid company purchased two percent of Nord Pool Spot AS's shares. After this, the grid companies of all three Baltic countries are shareholders in the Nordic electricity exchange. After the acquisition, Fingrid's share in the electricity exchange is Fingrid, the Russian JSC Federal Grid Company and the Russian JSC system operator company System Operator are preparing the technical and commercial terms and conditions of two-way trade between Finland and Russia. For the time being, commercial flow on the 400 kv interconnectors is only possible from Russia to Finland. In September, one of the four DC-links in Vyborg with the capacity of 350 W was successfully tested for electricity transmission from Finland to Russia. Fingrid's counter trade costs between January and September were approximately 0.6 million ( 3.7 million).

7 Stock exchange release 7 (13) Electricity market Nord Pool system price, average /Wh Area price Finland, average /Wh Congestion income between Finland and Sweden, million* Congestion hours between Finland and Sweden * Congestion income between Finland and Estonia, million* Congestion hours between Finland and Estonia * *The congestion income between Finland and Sweden as well as between Finland and Estonia is divided between the relevant TSOs in equal proportions. The income and costs of the transmission connections are presented in the tables under Financial result. Financing The net financial costs of the Group between July and September were 6 million ( 4 million of profits). The net financial costs between January and June were 23 million ( 3 million), including the negative change of 8 million ( 13 million positive) in the fair of derivatives. Financial assets recognised at fair in the income statement, and cash and cash equivalents amounted to 222 million ( 245 million) at 30 September oreover, the company has an undrawn revolving credit facility of 250 million. The financial position of the Group continued to be satisfactory. Interest-bearing borrowings for January September totalled 1,250 million ( 1,254 million), of which 1,042 million ( 1,059 million) were long-term and 208 million ( 194 million) were shortterm. Personnel The counterparty risk involved in the derivative contracts relating to financing was 52 million ( 89 million). The total personnel of the Fingrid Group averaged 278 (269) during the review period. Auditing The consolidated figures in this Interim Report are unaudited. Events after the review period and outlook for the remaining part of the year No substantial events or changes have occurred in Fingrid's operations or financial standing after the end of the review period. Fingrid has announced an increase of transmission grid tariffs by an average of eight percent as of the beginning of Fingrid Group's profit for the financial year 2013 before taxes and without the change in the fair of derivatives is expected to increase from the previous year. The uncertainty involved in electricity consumption, congestion income and in cross-border income on the

8 Stock exchange release 8 (13) interconnections from Russia makes it difficult to anticipate Fingrid s financial result for the entire year. Board of Directors Appendices: Tables for the Interim Report 1 January 30 September 2013 Further information: Jukka Ruusunen, President & CEO, tel or

9 Stock exchange release 9 (13) Appendices: Tables for the Interim Report 1 January 30 September 2013 CONDENSED CONSOLIDATED STATEENT OF COPREHENSIVE INCOE, ILLION Sept 2013 Sept 2012 Sept Sept Change Change Dec Turnover Other operating income Depreciation and amortisation expense Operating expenses Operating profit Finance income and costs Portion of profit of associated companies Profit before taxes Income taxes Profit for the financial period Other comprehensive income Cash flow hedges Translation reserve Available-for-sale financial assets Total comprehensive income for the financial period Profit attributable to: Equity holders of the company Total comprehensive income attributable to: Equity holders of the company Earnings per share (euros) belonging to the owners of parent company, calculated from profit* *no dilution effect CONDENSED CONSOLIDATED BALANCE 30 Sept 31 Dec SHEET, ILLION Sept 2012 Change 2012 ASSETS Non-current assets Goodwill Intangible assets Property, plant and equipment Investments Derivatives Receivables Current assets Inventories Derivatives Receivables Financial assets recognised in income statement at fair Cash and cash equivalents Total assets SHAREHOLDERS' EQUITY AND LIABILITIES Shareholders' equity belonging to the owners of the parent company Shareholders' equity Non-current liabilities Non-current interest-bearing liabilities Derivatives Other non-current liabilities Current liabilities Current interest-bearing liabilities Derivatives Other current liabilities Total shareholders' equity and liabilities

10 Stock exchange release 10 (13) CONSOLIDATED STATEENT OF CHANGES IN TOTAL EQUITY, ILLION Attributable to equity holders of the Share Share Translatio parent company capital premium reserves n reserve Retained earnings Total equity account Balance on 1 January Comprehensive income for the financial period Profit or loss for the financial period Other comprehensive income Cash flow hedges Translation reserve Items related to long-term asset items available for sale Total other comprehensive income adjusted by tax effects 5,3 0,1 Comprehensive income Transactions with owners Dividend relating to Balance on 30 September Comprehensive income for the financial period Profit or loss for the financial period Other comprehensive income Cash flow hedges Translation reserve Items related to long-term asset items available for sale Total other comprehensive income adjusted by tax effects Comprehensive income Balance on 1 January Comprehensive income for the financial period Profit or loss for the financial period Other comprehensive income Cash flow hedges Translation reserve Items related to long-term asset items available for sale Total other comprehensive income adjusted by tax effects Comprehensive income Transactions with owners Dividend relating to Balance on 30 September

11 Stock exchange release 11 (13) CONDENSED CONSOLIDATED CASH FLOW Sept Sept STATEENT, ILLION Dec 2012 Cash flow from operating activities Profit for the financial period Adjustments Changes in working capital Interest paid Interest received Taxes paid Net cash flow from operating activities Cash flow from investing activities Investments in property, plant and equipment Investments in intangible assets Investments in other assets Proceeds from sale of property, plant and equipment Dividend received Interest paid Net cash flow from investing activities Cash flow from financing activities Withdrawal of loans Repayment of loans Dividends paid Net cash flow from financing activities Net change in cash and cash equivalents Cash and cash equivalents at the beginning of the financial period Cash and cash equivalents at the end of the financial period QUARTERLY FIGURES Turnover Operating profit Operating profit Q3/2013 Q2/2013 Q1/2013 Q4/2012 Q3/2012 Q2/2012 Q1/ Sept Sept INVESTENTS, ILLION Grid investments Substations Transmission lines Gas turbine investments Current gas turbine plants 2.1 New gas turbine plants Other investments ICT Other Total investments RESEARCH AND DEVELOPENT EXPENSES, ILLION Sept Sept Research and development expenses 1,2 1,0

12 Stock exchange release 12 (13) DERIVATIVE AGREEENTS, ILLION 30 Sept Sept Dec 2012 Interest and currency derivatives pos. neg. Net fair Nomina l pos. neg. Net fair Nomin al pos. neg. Net fair Nominal Crosscurrency swaps Forward contracts Interest rate swaps Call options, bought Total Electricity derivatives pos. neg. Net fair Volume TWh pos. neg. Net fair Volum e TWh pos. neg. Net fair Volume TWh Electricity forward contracts, NASDAX OX Commoditie s, designated as hedge accounting Electricity forward contracts, NASDAX OX Commoditie s, not designated as hedge accounting Total hierarchy, million 30 Sept 2013 Level 1 Level 2 Level 3 Financial assets recognised at fair Available-for-sale investments 0 0 Interest and currency derivatives 52 Financial assets recognised at fair Financial assets recognised at fair total Financial liabilities recognised at fair Electricity forward contracts, NASDAX OX Commodities -22 Financial liabilities recognised at fair total -22 measurement of assets and liabilities are categorised in a three-level hierarchy in the fair presentation. The appropriate hierarchy is based on the input data of the instrument. The level is determined on the basis of the lowest level of input for the instrument in its entirety that is significant to the fair measurement. Level 1: Inputs are publicly quoted in active markets. Level 2: Inputs are not publicly quoted and are observable market parameters either directly or indirectly. Level 3: Inputs are neither publicly quoted nor observable market parameters.

13 Stock exchange release 13 (13) Commitments and contingencies, million 30 Sept Sept Dec 2012 Pledges/ bank balances Rental liabilities Commitment fee of revolving credit facility Total Investment commitments Other financial liabilities Changes in property, plant and equipment, million 30 Sept Sept Dec 2012 Carrying amount at beginning of period Increases Decreases -2 0 Depreciation and amortisation expense Carrying amount at end of period Transactions with associated companies 30 Sept Sept Dec 2012 Sales Purchases Receivables Liabilities Transactions with owners, million 30 Sept Sept Dec 2012 Owners Purchases Liabilities 0 Other related parties Sales Purchases Receivables Liabilities Accounting principles This interim report has been drawn up in accordance with standard IAS 34, Interim Financial Reporting. In this interim report, Fingrid has followed the same principles as in the annual financial statements for Segment reporting The entire business of the Fingrid Group is deemed to comprise transmission system operation in Finland with system responsibility, only constituting a single segment. There are no essential differences in the risks and profitability of individual products and services. This is why segment reporting in accordance with the IFRS 8 standard is not presented. Corporate rearrangements There have been no changes in the Group structure during the review period. Seasonal fluctuation The Group's operations are characterised by extensive seasonal fluctuations. General clause Certain statements in this release concern the future and are based on the management's present views. Due to their nature, they contain some risk and uncertainty and are subject to changes in economy and the relevant business.

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