We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Deloitte & Touche Oy Porkkalankatu 24 P.O. Box 122 FI-00181 Helsinki Finland Tel: +358 20 755 500 Fax: +358 20 755 501 Business ID: 0989771-5 Domicile: Helsinki VAT Registration no: FI09897715 www.deloitte.fi AUDITOR'S REPORT (Unofficial Translation from Finnish original) To the Annual General Meeting of Fortum Sähkönsiirto Oy We have audited the accounting records, the financial statements, the report of the Board of Directors, and the administration of Fortum Sähkönsiirto Distribution Oy for the year ended 31 December, 2013. The financial statements comprise the balance sheet, the income statement, the cash flow statement and notes to the financial statements. Responsibility of the Board of Directors and the Managing Director The Board of Directors and the Managing Director are responsible for the preparation of financial statements and report of the Board of Directors that give a true and fair view in accordance with the laws and regulations governing the preparation of the financial statements and the report of the Board of Directors in Finland. The Board of Directors is responsible for the appropriate arrangement of the control of the company s accounts and finances, and the Managing Director shall see to it that the accounts of the company are in compliance with the law and that its financial affairs have been arranged in a reliable manner. Auditor s Responsibility Our responsibility is to express an opinion on the financial statements and on the report of the Board of Directors based on our audit. The Auditing Act requires that we comply with the requirements of professional ethics. We conducted our audit in accordance with good auditing practice in Finland. Good auditing practice requires that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and the report of the Board of Directors are free from material misstatement, and whether the members of the Board of Directors or the Managing Director are guilty of an act or negligence which may result in liability in damages towards the company or have violated the Limited Liability Companies Act or the articles of association of the company. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements and the report of the Board of Directors. The procedures selected depend on the auditor s judgment, including the assessment of the risks of material misstatement, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity s preparation of financial statements and report of the Board of Directors that give a true and fair view in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the financial statements and the report of the Board of Directors. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Opinion In our opinion, the financial statements and the report of the Board of Directors give a true and fair view of the financial performance and financial position of the company in accordance with the laws and regulations governing the preparation of the financial statements and the report of the Board of Directors in Finland. The information in the report of the Board of Directors is consistent with the information in the financial statements. Other opinions We support that the financial statements should be adopted. The proposal by the Board of Directors regarding the treatment of distributable funds is in compliance with the Limited Liability Companies Act. We support that the Board of Directors of the parent company and the Managing Director should be discharged from liability for the financial period audited by us. Espoo, February 25, 2014 Deloitte & Touche Oy Authorized Public Accountants Robert Kajander Authorized Public Accountant

Fortum Sähkönsiirto Oy BALANCE BOOK 31.12.2013 Fortum Sähkönsiirto Oy Company code: 1618314-7 Registered office: Espoo To be preserved until 31.12.2023

Fortum Sähkönsiirto Oy BALANCE BOOK 31.12.2013 Financial period 1.1.2013-31.12.2013 Contents sivu Report of operations 1-3 Profit and loss statement 4 Balance sheet 5 Cash flow statement 6 Notes to the financial statements 7-14 Signatures 15 Auditor's note 15 List of ledgers 16 Auditor's report

4 Fortum Sähkönsiirto Oy PROFIT AND LOSS STATEMENT NOTE 1.1.2013-31.12.2013 1.1.2012-31.12.2012 NET SALES 3 249 709 783,82 253 900 698,79 Work performed for own use 2 247 287,25 2 258 880,00 Other operating income 4 6 665 245,20 3 659 265,34 Materials and supplies 5-98 232 858,50-96 759 957,24 Personnel expenses 6-20 480 627,36-18 010 254,92 Amortization, depreciation and impairment 7-45 328 346,46-41 553 271,17 Other operating expenses 8-29 892 135,88-28 818 173,76 OPERATING PROFIT 64 688 348,07 74 677 187,04 Financial income and expenses 9-747 720,88-385 572,05 PROFIT BEFORE EXTRAORDINARY ITEMS 63 940 627,19 74 291 614,99 Extraordinary items 10-37 055 769,00 - PROFIT BEFORE APPROPRIATIONS AND TAXES 26 884 858,19 74 291 614,99 Appropriations 11-33 314 157,61-38 219 101,99 Income taxes 12-362 600,98-11 686 280,24 LOSS (PROFIT) FOR THE PERIOD -6 791 900,40 24 386 232,76

5 Fortum Sähkönsiirto Oy BALANCE SHEET NOTE 31.12.2013 31.12.2012 A s s e t s NON CURRENT ASSETS 13 Intangible assets 32 416 312,39 21 452 844,76 Tangible assets 728 062 771,49 705 323 037,22 Investments 50 845,22 9 245 747,42 TOTAL NON CURRENT ASSETS 760 529 929,10 736 021 629,40 CURRENT ASSETS Non current receivables 14 28 857,09 323 334,96 Current receivables 15 71 639 041,41 73 420 974,42 Cash and cash equivalents 15 000 000,00 15 000 000,00 TOTAL CURRENT ASSETS 86 667 898,50 88 744 309,38 T o t a l a s s e t s 847 197 827,60 824 765 938,78 E q u i t y a n d l i a b i l i t i e s EQUITY 16 Share capital 2 000 000,00 2 000 000,00 Other reserves 25 000 000,00 25 000 000,00 Retained earnings 1 226 581,68-23 159 651,08 Loss (Profit) for the financial year -6 791 900,40 24 386 232,76 TOTAL EQUITY 21 434 681,28 28 226 581,68 APPROPRIATIONS 445 756 568,19 413 030 226,64 PROVISIONS 17 144 285,45 74 600,39 LIABILITIES 19 Non current liabilities 273 148 970,25 336 216 587,37 Current liabilities 106 713 322,43 47 217 942,70 TOTAL LIABILITIES 379 862 292,68 383 434 530,07 T o t a l e q u i t y a n d l i a b i l i t i e s 847 197 827,60 824 765 938,78

6 Fortum Sähkönsiirto Oy CASH FLOW STATEMENT 1.1-31.12.2013 1.1-31.12.2012 Cash flows from operating activities Profit before extraordinary items 63 940 627,19 74 291 614,99 Financial income and expenses 747 720,88 385 572,05 Adjustments to operating profit: Amortization, depreciation and impairment 45 328 346,46 41 553 271,17 Proceeds on sale of fixed assets and retirements -3 905 460,64-47 610,15 Other non-monetary adjustments 69 685,06 441 043,01 Changes in working capital 19 376 602,35-56 939 638,29 Interest and other financial expenses paid -990 110,83-919 456,28 Dividends received 18 418,40 26 280,80 Interest received 217 469,05 499 808,57 Income taxes paid -35 392,75-14 089 348,86 Cash flow from operating activities 124 767 905,17 45 201 537,01 Cash flow from investments Purchase of tangible and intangible items -76 433 837,85-96 935 827,75 Proceeds from sale of tangible and intangible assets 7 500,00 23 884,25 Investments in shares Investments in other shares -15 000,00 - Divestments of shares in group companies 6 671 038,00 - Divestments of shares in associated companies 4 030 330,00 - Divestments of other shares 2 410 610,00 - Proceeds from sale of other investments - 60 000,00 Change in cash pool account -57 876 045,32 309 343 425,34 Cash flow from investments -121 205 405,17 212 491 481,84 Cash flow from financing activities Return of equity - -197 630 518,85 Repayment of non current borrowings -3 562 500,00-3 562 500,00 Group contribution paid and received - -41 500 000,00 Cash flow from financing activities -3 562 500,00-242 693 018,85 Net increase/decrease in cash and cash equivalents - 15 000 000,00 Cash and cash equivalents as at 1.1. -15 000 000,00 - Cash and cash equivalents as at 31.12. -15 000 000,00 15 000 000,00 Changes in working capital: Increase/decrease in trade and other current receivables 1 777 655,67-17 967 908,21 Increase/decrease in current liabilities 17 598 946,68-38 971 730,08 19 376 602,35-56 939 638,29

7 Fortum Sähkönsiirto Oy Notes to the financial statements 1. Accounting policies The financial statements of Fortum Sähkönsiirto Oy have been prepared in accordance with Finnish Accounting Standards and other regulation and legislation governing the preparing of financial statements. Revenue The revenue includes mainly income from transmission and distribution of electricity. The revenue from distribution of electricity is recognized at delivery. In Finland the Energy Authority regulates the price charged from customers for distribution of electricity. The over income decided by the regulatory body is treated as regulatory liability and is presented in the balance sheet at the end of the supervision period. Under income is by prudence not reported in assets. The over or under income is credited or charged during the following supervision period to the customer using the electricity connection at that time. The fees paid by customer when connected to the electricity network are recognised as revenue. Connection fees paid by customers when connected to the electricity network before 2003 are refundable in Finland if the customer would ever disconnect the initial connection. These connection fees have not been recognised in the income statement but are included in other liabilities in the balance sheet. Other income Proceeds from sales of assets and activities outside normal operations is reported in other income. This includes recurring items such as rental income. Foreign currency items and derivative contracts Transactions in foreign currencies are recorded at the exchange rates prevailing at the transaction dates. Foreign currency receivables and liabilities are converted into euros using the exchange rates prevailing on the balance sheet date. The exchange differences are recorded in the income statement. Accrued interest on forward contracts is amortised over the financial period. Fortum Sähkönsiirto Oy enters into derivative contracts mainly in order to hedge the price risk of loss energy and in order to manage exchange rate risk. Basis of measurement Property, plant and equipment is stated at cost, net of accumulated depreciation and/or accumulated impairment losses, and revaluation, if any. Both intangible and tangible assets are amortized/depreciated according to plan over the assets' useful life. The depreciation periods are as follows: 31.12.2013 Buildings Transmission and distribution network Other machinery and equipment Street cable compensation Intangible assets 20-40 years 15-40 years 3-12 years Not depreciated 5-10 years Research and development costs are recognised as expense in the year in which they are incurred. Income taxes Income taxes recognised in profit and loss statement include both taxes from reporting period and possible adjustment to prior periods. The deferred tax asset is calculated on temporary differences between the tax bases and the financial reporting, using the confirmed tax rate for the following financial year. Deferred tax assets are recognised to the extent that it is probable that taxable profit will be available, against which the deductible temporary differences, and the carry forward of unused tax credits and unused tax losses can be utilised. Pensions The pension coverage for employees is provided through insurance policies taken out with a pension institution. The statutory pension expenses are recognized as expenses in the year they are incurred. Share-based incentive schemes Expense arising from share-based incentive schemes granted to the management is recognized as an expense in the profit and loss statement and as a provision in the balance sheet during the vesting period. Provisions Provisions are recognised when Fortum Sähkönsiirto Oy has a present obligation (legal or constructive) as a result of a past event, it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation. Provisions are recognized as expense in the statement of profit or loss. Reasonableness of the pricing of network service Finnish Energy Authority confirms the principles for the pricing of transmission services and supervises reasonableness of the pricing of network service. The lenght of the supervision period is four years. The current supervision period started January 1, 2012. The authority evaluates the reasonableness of the company's revenue arising from network service and issues decisions regarding actions to be taken in accordance with Electricity Market Act 38 c. The decisions are issued after the end of each supervision period. 2. Group information Fortum Sähkönsiirto Oy is part of Fortum Group. The registered office of the group is in Espoo. Fortum Sähkönsiirto Oy is a company owned by Fortum Corporation (84.30%) and Fortum Power and Heat Oy:n (15.70%). Fortum Corporation's registered office is in Espoo. Fortum Corporation prepares the consolidated financial statements. A copy of the consolidated financial statements of the Fortum Group is available at the head office of the company, Keilaniementie 1, 02150 Espoo.

8 3. Net sales by geographical markets 2013 2012 Finland 249 709 783,82 253 900 698,79 Total 249 709 783,82 253 900 698,79 4. Other operating income 2013 2012 Proceeds from sale of intangible and tangible assets 3 384,84 - Proceeds form sale of group shares 1 276 153,14 - Proceeds from sale of shares in associates 983 130,36 - Proceeds from sale of other shares 1 679 970,92 51 319,48 Rental income 1 050 742,35 1 182 399,19 Other 1 671 863,59 2 425 546,67 Total 6 665 245,20 3 659 265,34 5. Materials and supplies 2013 2012 Raw materials and consumables Purchases during the period 57 097 527,55 61 449 714,13 External services 41 135 330,95 35 310 243,11 Total 98 232 858,50 96 759 957,24 6. Personnel and other personnel related expenses Personnel expenses 2013 2012 Wages and salaries 16 616 740,03 14 187 073,21 Indirect personnel expenses Pensions 2 927 351,78 3 004 942,40 Other personnel expenses 936 535,55 818 239,31 Total 20 480 627,36 18 010 254,92 Number of personnel 2013 2012 Average number of personnel during the period 293 274 Remuneration of the Executive Management Group Not applicable in accordance with Finnish Accounting Act 2:8 7. Amrotization, depreciation and impairment 2013 2012 Amortization and depreciation according to plan 45 328 346,46 41 553 271,17 8. Other operating expenses 2013 2012 Other operating expenses: Rents 9 877 145,88 5 264 310,69 Other expenses 20 014 990,00 23 553 863,07 Total 29 892 135,88 28 818 173,76 Auditor's fees Deloitte & Touche Oy, Authorized Public Accountant Firm 2013 2012 Audit 19 320,25 14 499,99 Other services 14 224,00 50 990,00 Total 33 544,25 65 489,99 9. Financial income and expenses 2013 2012 Dividend income From associates 12 776,40 - From others 5 642,00 26 280,80 Total dividend 18 418,40 26 280,80 Interest income from non current investments From group companies 15,15 281 896,87 Other interest and financial income 217 456,90 218 043,70 Total interest income from non-current investments and other interest income 217 472,05 499 940,57 Interest and other financial expenses Group companies -309 734,13-53 415,59 Others -673 877,20-858 377,83 Total interest and other financial expenses -983 611,33-911 793,42 Total financial income and expenses -747 720,88-385 572,05

9 10. Extraordinary items 2013 2012 Extraordinary expenses Group contribution to Fortum Corporation -37 055 769,00-11. Appropriations 2013 2012 Difference between depreciation according to plan and tax depreciation -33 314 157,61-38 219 101,99 12. Income taxes 2013 2012 Income taxes on extraordinary items 9 078 663,41 - Income taxes from ordinary activities -68 123,11-11 793 777,92 Change in deferred tax liabilities/receivables -294 477,87 107 497,68 Total -362 600,98-11 686 280,24 13. Non current assets Intangible assets Intangible rights Other non current Total expenditure Acquisition cost 1.1. 1 934 425,65 34 862 129,86 36 796 555,51 Additions and transfers between items 23 740,00 13 714 233,08 13 737 973,08 Disposals - 10 078,69 10 078,69 Acquisition cost 31.12. 1 958 165,65 48 566 284,25 50 524 449,90 Accumulated amortization and impairment 1.1. 1 149 890,83 14 193 819,92 15 343 710,75 Accumulated amortization relating to disposals and transfers - 2 412,05 2 412,05 Amortization for the period 25 423,84 2 741 414,97 2 766 838,81 Accumulated amortization and impairment 31.12. 1 175 314,67 16 932 822,84 18 108 137,51 Carrying amount 31.12.2013 782 850,98 31 633 461,41 32 416 312,39 Carrying amount 31.12.2012 784 534,82 20 668 309,94 21 452 844,76 Tangible assets Land and water Buildings Machinery and Transmission and Other tangible Prepayments and Total equipment distribution assets construction in network progress Acquisition cost 1.1. 2 479 042,95 10 710 809,40 43 671 047,47 1 074 723 634,61 85 250,63 43 819 081,26 1 175 488 866,32 Additions and transfers between items 15 240,00 30 076,20 3 480 795,84 63 532 295,23 - -1 172 900,77 65 885 506,50 Disposals - 900 875,32 1 068 203,90 860 555,00 - - 2 829 634,22 Acquisition cost 31.12. 2 494 282,95 9 840 010,28 46 083 639,41 1 137 395 374,84 85 250,63 42 646 180,49 1 238 544 738,60 Accumulated depreciation and impairment 1.1. - 6 215 449,91 37 220 554,18 428 734 229,46 71 690,48-472 241 924,03 Accumulated depreciation relating to disposals and transfers - -313 059,26 1 020 565,37 911 745,01 - - 1 619 251,12 Depreciation for the period - 332 199,38 1 531 761,07 40 695 813,27 1 733,93-42 561 507,65 Accumulated depreciation and impairment 31.12-6 234 590,03 37 731 749,88 468 518 297,72 73 424,41-513 184 180,56 Revaluations 1.1. 70 638,93-8 409,40 1 997 046,60 - - 2 076 094,93 Revaluations 31.12. 70 638,93-8 409,40 1 997 046,60 - - 2 076 094,93 Carrying amount 31.12.2013 2 564 921,88 3 605 420,25 8 360 298,93 670 874 123,72 11 826,22 42 646 180,49 728 062 771,49 Carrying amount 31.12.2012 2 549 681,88 4 495 359,49 6 458 902,69 647 986 451,75 13 560,15 43 819 081,26 705 323 037,22 Carrying amount of machinery and equipment used for production 31.12.2013 666 326 235,86 31.12.2012 643 436 363,79 Investments Shares in group Shares in Other shares Total companies associated and interests companies Acquisition cost 1.1. 5 391 722,87 3 047 199,64 806 824,91 9 245 747,42 Additions 15 000,00 - - 15 000,00 Disposals 5 406 722,87 3 047 199,64 755 979,69 9 209 902,20 Acquisition cost 31.12 - - 50 845,22 50 845,22 Carrying amount 31.12.2013 - - 50 845,22 50 845,22 Carrying amount 31.12.2012 5 391 722,87 3 047 199,64 806 824,91 9 245 747,42

10 Other shares and interests Company name Registred office No of shares Carrying amount Asunto Oy Keskilohja Lohja 14 4 613,73 Asunto Oy Laurintorni Lohja 7 4 271,97 Asunto Oy Linnaistenkuja Lohja 51 7 689,56 Asunto Oy Nummelan Juha Vihti 70 1 021,23 Asunto Oy Nummelan Väinä Vihti 8 1 702,06 Asunto Oy Suurlohjankatu 1 Lohja 8 3 417,57 Kiinteistö Oy Asemanmäen Järvenpää 1 252,28 Kiinteistö Oy Ilmajoen tennis Ilmajoki 2 851,03 Kiinteistö Oy Jumpinpelto Merikarvia 25 4 204,70 Kiinteistö Oy Kimitobacken Kemiö 240 4 036,51 Kiinteistö Oy Suulivainio Merikarvia 15 2 522,82 Kiinteistö Oy Tammitori Lohja 50 15 891,75 Salon Golf ry Salo 1 370,01 Total 50 845,22 Total non current assets 760 529 929,10 14. Non current receivables 2013 2012 Other receivables Deferred tax assets 28 857,09 323 334,96 Total non current receivable 28 857,09 323 334,96 15. Current receivables 2013 2012 Accounts receivables 29 901 353,05 30 362 518,59 Receivables from group companies Accounts receivables 39 219 765,80 40 466 742,03 Other receivables - 5 045,64 Total 39 219 765,80 40 471 787,67 Other receivables 2 518,54 39 644,21 Prepayments and accrued income 2 515 404,02 2 547 023,95 Total current receivables 71 639 041,41 73 420 974,42 Specification of prepayments and accrued income Insurance prepayments 62 418,09 73 634,05 Income tax receivable 2 417 142,20 2 416 376,90 Other interest receivables 216,00 213,00 Other 35 627,73 56 800,00 Total 2 515 404,02 2 547 023,95 16. Equity 2013 2012 Restricted equity Share capital 1.1. 2 000 000,00 47 067 100,00 Reduction of share capital - -45 067 100,00 Share capital 31.12. 2 000 000,00 2 000 000,00 Share premium account 1.1. - 177 563 418,85 Reduction of share premium - -177 563 418,85 Share premium account 31.12. - 0,00 Total restricted equity 2 000 000,00 2 000 000,00 Unrestricted equity Reserve for invested unrestricted equity 1.1. 25 000 000,00 - Additions in reserve for invested unrestricted equity - 25 000 000,00 Reserve for invested unrestricted equity 31.12. 25 000 000,00 25 000 000,00 Retained earnings 1.1. 1 226 581,68-23 159 651,08 Retained earnings 31.12. 1 226 581,68-23 159 651,08 Loss (Profit) for the period -6 791 900,40 24 386 232,76 Total unrestricted equity 19 434 681,28 26 226 581,68 Total equity 21 434 681,28 28 226 581,68 Distributable unrestricted equity 2013 2012 Retained earnings 1 226 581,68-23 159 651,08 Loss (Profit) for the period -6 791 900,40 24 386 232,76 Total 19 434 681,28 26 226 581,68 17. Provisions 2013 2012 Other provisions 144 285,45 74 600,39 Total 144 285,45 74 600,39

11 18. Deferred tax liabilities 2013 2012 Presented as notes to the financial statements: From appropriations 89 151 313,64 101 192 405,53 From merger differences 13 529 846,55 19 967 816,44 Total 102 681 160,19 121 160 221,97 In accordance with Fortum accounting principles, deferred tax liabilities are recognized only in group accounts. 19. Liabilities 2013 2012 Non current liabilities Liabilities to group companies Cash pool account 13 050 890,16 70 919 866,55 Loans from pension insurance companies 16 031 250,00 19 593 750,00 Connection fees 244 066 830,09 244 242 290,66 Other liabilities - 1 460 680,16 Total 273 148 970,25 336 216 587,37 Cash pool account Liabilities to group companies includes cash pool account of EUR 13,050,890.16. The company's option to reclaim these resources is limited to other cash pool account balances by other group companies. Liabilities falling due later than in five years 2013 2012 Loans from pension insurance companies 1 781 250,00 5 343 750,00 Current liabilities Loans from pension insurance companies 3 562 500,00 3 562 500,00 Accounts payable 35 231 865,80 17 017 158,81 Liabilities to group companies Accounts payable 2 683 024,78 4 551 415,16 Other liabilities 37 602 570,00 45 000,00 Accrued expense and deferred income 718 450,25 594 382,17 Total 41 004 045,03 5 190 797,33 Other current liabilities 17 599 608,49 17 776 431,09 Accrued expense and deferred income 9 315 303,11 3 671 055,47 Total 106 713 322,43 47 217 942,70 Non-interest bearing liabilities 347 217 652,52 289 313 413,52 Interest bearing liabilities 32 644 640,16 94 121 116,55 Specification of accrued expenses and deferred income Accrued employee expenses 4 921 171,05 3 353 377,68 Other accrued expenses and deferred revenue 5 112 582,31 912 059,96 Total 10 033 753,36 4 265 437,64 20. Commitments and contingent liabilities 2013 2012 Commitments and other contingent liabilities Operating lease liability Payable during the following period 10 282 019,70 9 914 462,77 Payable in later periods 50 082 454,85 71 046 405,92 Other commitments Payable during the following period 1 832 941,29 1 849 953,75 Payable in later periods 9 376 679,51 9 249 768,77 Other commitments Mortgages The company has made real estate investments defined in VAT legislation. Related review periods, VAT included in the investment, VAT deducted from the construction cost and amount subject to annual review are presented in the table below: 10 year review period 2008 2009 2010 2011 2012 2013 Last review period 2017 2018 2019 2020 2021 2022 Cost on real estate investment (net) 28 106 130,81 40 388 958,70 29 179 378,54 32 662 290,82 75 108 785,75 43 513 673,62 VAT on real estate investment 6 183 348,78 8 846 812,08 6 522 477,84 7 512 326,89 17 275 020,72 10 443 281,67 Net of VAT 6 183 348,78 8 846 812,08 6 522 477,84 7 512 326,89 17 275 020,72 10 443 281,67 Amount on annual review 618 334,88 884 681,21 652 247,78 751 232,69 1 727 502,07 1 044 328,17 Contingent liability subject to review 31.12.2012 2 473 339,51 4 423 406,04 3 913 486,71 5 258 628,82 13 820 016,58 9 398 953,50 (Of which remains 31.12.2013) (4/10) (5/10) (6/10) (7/10) (8/10) (9/10) Contingent liability subject to review 31.12.2013 39 287 831,16 Contingent liability subject to review 31.12.2012 34 522 876,29

12 21. Derivative contracts as at December 31, 2013 2013 2013 2012 2012 Electricity derivatives Nominal value Fair value Nominal value Fair value GWh k GWh k Purchase agreements 897-5 672 877-3 455 Sales agreements 78 136 61-77 2013 2012 Interest and foreign exchange derivative contracts Nominal value Fair value Not recognised Nominal value Fair value Not recognised in profit or loss in profit or loss Foreign exchange forward contracts 1) 464 191-17 677-17 892 516 494-14 127-14 520 1) Includes closed forward contracts 22. Related party transactions The group's related parties include subsidiaries, associated companies, joint ventures, board of directors, CEOs, members of the managements groups and family members of these all before mentioned. Transactions with associated companies are specified in the table below. There are no significant trasactions with persons included in the related paries. 2013 2012 Net sales 52 772,42 111 063,66 Purchases 89 172,63 44 833,09 23. Formulas for key figures The formulas for key figures based on Equity have been changed starting from financial year 2012. In the new formulas, the connection fees and accumulated depreciation difference reported in the balance sheet have been included in Equity, less deferred tax liability. The comparison years have been adjusted. Operating profit % Operating profit x 100 Net sales Return on equity% (Loss before extraordinary items - taxes) x 100 Equity (average for the period) Equity ratio Equity x 100 Total assets

13 24. Information required by Electricity Market Act The company operates as a holder of a network as defined in Electricity Market Act. Differentiated operations The degree of the companys operations that are not related to network operations is so low, that since 2012 they have not been differentiated. Despite the low level of activity, operations not related to the network operations have been differentiated in comparison period. Below is presented profit and loss statement and balance sheet for network operations as required by the Electricity Market Act. Differentiation method Profit and loss statement The differentiation for the comparison period is based on internal accounting. Transactions have been allocated to the differentiated operations when recognised. Balance sheet The differentiated profit for network operations for the comparison period is included in group contributions. The differentiated operations have no balance sheet effects. PROFIT AND LOSS STATEMENT FOR NETWORK OPERATIONS 01.01.-31.12.2013 01.01.-31.12.2012 (in thousands) NET SALES 249 710 253 901 Work performed for own use 2 247 2 259 Other operating income 2 726 3 659 Materials and supplies Raw materials and consumables Purchases during the period Loss electricity -14 245-19 472 Other purchases during the period -712-2 717 External services Fees paid for grid and network services -42 853-41 978 Other external services -58 878-52 208 Personnel expenses Wages and salaries -16 579-14 113 Social security expenses Pension expenses -2 927-3 005 Other social security expenses -937-818 Amortization, depreciation and impairment Amortization and depreciation according to plan Depreciation and amortization according to plan on electricity network assets -44 724-41 284 Depreciation and amortization according to plan on other non current assets -604-269 Other operating expenses Rental expenses -2 023-1 945 Network rents -7 841-3 302 Other operating expenses -1 575-4 030 OPERATING PROFIT 60 785 74 678 Financial income and expenses Income from Group companies - - Income from Associated companies 13 - Income from other investments held as non current assets 6 26 Other interest and financial income From group companies - 282 From others 217 218 Interest and financial expenses To group companies -298-35 To others -686-877 PROFIT BEFORE EXTRAORDINARY ITEMS 60 037 74 292 Extraordinary items Extraordinary income Proceeds from sale of investments 3 902 - Extraordinary expense Group contributions -37 056 - PROFIT BEFORE APPROPRIATIONS AND TAXES 26 883 74 292 Appropriations Change in depreciation difference Change in depreciation difference on electricity network assets -32 826-38 802 Change in depreciation difference on other non current assets -488 583 Income taxes -68-11 794 Other direct taxes -294 107 PROFIT (LOSS) FOR THE PERIOD -6 793 24 386

14 BALANCE SHEET FOR NETWORK OPERATION 31.12.2012 31.12.2012 (in thousands) A s s e t s NON CURRENT ASSETS Intangible assets Intangible assets of electricity network 28 428 20 707 Other intangible assets 3 989 746 Tangible assets Tangible assets of electricity network 682 295 659 450 Other tangible assets 3 121 2 054 Prepayments and construction in progress 42 646 43 819 Investments 51 9 246 TOTAL NON CURRENT ASSETS 760 530 736 022 CURRENT ASSETS Receivables Non current receivables Receivables on cash pool account - - Deferred tax asset 29 323 Current receivables Receivables from group companies 39 220 40 472 Receivables from other 32 419 32 949 Cash and cash equivalents 15 000 15 000 TOTAL CURRENT ASSETS 86 668 88 744 T o t a l a s s e t s 847 198 824 766 E q u i t y a n d l i a b i l i t i e s EQUITY Share capital 2 000 2 000 Share premium account - - Other reserves 25 000 25 000 Retained earnings 1 227-23 159 Profit (Loss) for the period -6 793 24 386 TOTAL EQUITY 21 434 28 227 APPROPRIATIONS Depreciation difference 445 757 413 030 PROVISIONS 144 75 LIABILITIES Non current liabilities Non current interest bearing liabilities To group companies 13 051 70 920 To others 16 031 19 594 Non current interest free liabilities Refundable connection fees 244 067 244 242 To others 547 1 460 Current liabilities Current interest bearing liabilities To group companies - 45 To others 3 563 3 563 Current interest free liabilities To group companies 40 457 5 146 To others 62 147 38 464 TOTAL LIABILITIES 379 863 383 434 T o t a l e q u i t y a n d l i a b i l i t i e s 847 198 824 766 KEY FIGURES FOR NETWORK OPERATION 2013 2012 Average number of personnel during the period 293 274 Investments: Net investments of electricity network Intangible assets k 10 984 3 225 Tangible assets k 67 008 83 205 Other intangible assets k 1 548 27 Other tangible assets k 85 823 Return on investment % % 10,3 11,7 The key figure is calculated in accordance with the decision nr 79/2005 9 issued by the Ministry of Trade and Industry. The decision guides calculation of key figures regarding differentiated operations within the electricity business. Formula: (Profit before extraordinary items + interest income and other financial income) X 100 (there are no interest expenses) (Total assets - interest free liabilities + leases on electricity network) (average on beginning and end of the reporting period) The amount of interest included in the leasing payments and rents paid for electricity network is not available, therefore interest is not included in the interest expenses in the numerator.

15 Fortum Sähkönsiirto Oy SIGNATURES TO THE FINANCIAL STATEMENTS Espoo of 2014 Harri Pynnä Chairman of the Board Ari Koponen CEO Member of the Board Riikka Hirvisalo-Oja Member of the Board Timo Jutila Member of the Board Panu Kamaja Member of the Board Jim Mäkelä Member of the Board Tapio Tulonen Member of the Board AUDITOR'S NOTE An auditor's report based on the audit performed has been issued today. Espoo of 2014 Deloitte & Touche Oy Authorized Public Accountant Firm Robert Kajander APA

16 Fortum Sähkönsiirto Oy LIST OF LEDGERS, TYPES OF VOUCHERS AND THEIR ARCHIVING METHODS Financial statements Balance specifications to the financial statements Accounting documents Income statement and balance sheet General ledger Journal Supporting ledgers Trade debtors ledger Trade creditors ledger Payroll accounting Fixed Assets Commitments Voucher types Bank vouchers Adjusting journal entries Trade debtors ledger Trade creditors ledger Payroll vouchers Fixed assets Vouchers for travel expenses Method Bound book Paper Electronically Electronically Electronically Electronically Electronically Electronically Electronically Paper Paper Paper/electronically Paper/electronically Paper/electronically Paper Paper Paper/electronically