TVO issued a EUR 400 million bond

8.5.2018

Teollisuuden Voima Oyj (TVO) has issued a new EUR 400 million bond.

The six-year bond was issued under TVO's EMTN programme. Application has been
made for the bond to be admitted to trading on the regulated market of the
Luxembourg Stock Exchange.

The reoffer yield of the bond is equivalent to 6-year Euro midswap rate of 0.566% +
1.60%. The coupon is 2.000% and issue price is 99.075%.

Danske Bank A/S, MUFG, Natwest Markets plc and Swedbank acted as joint
bookrunners for the bond issue.

The proceeds of the bond issue will be used for financing of a tender offer on TVO’s
Notes due 4 February 2019 (XS0740810881) and for general corporate purposes.

Tender offer results were announced on 4 May 2018. The aggregate principal amount
validly offered for purchase by the noteholders was EUR 306,548,000. TVO accepted
all valid instructions pursuant to the tender offer.

For further information, please contact:
Lauri Piekkari, Senior Vice President, Treasury, Tel. +358 (0)9 6180 6110

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