Investor Presentaiton

Fingrid aims to maintain high credit ratings 89 S&P A-1+/AA- Stable Short-term/ Issuer Rating "The upgrade primarily stems from the positive impact on Fingrid's earnings from modifications in the regulatory model for TSOs in Finland. These changes have increased Fingrid's allowed regulatory return, and made it more stable. Thanks to these changes, alongside previous tariff increases and the company's modest capital spending program, Fingrid has seen an improvement in its credit measures, which we believe should be sustainable." S&P Global, 28 October 2016 Fitch F1/AA- Stable Short-term/ Senior Unsecured "The affirmation reflected the good visibility on the company's results until 2023 (the same regulatory model is applied through 2016-2023), the supportive features of the regulatory framework in Finland, and Fingrid's conservative financial structure." Fitch Ratings, 5 December 2017 "Fingrid's issuer rating of 'A+' is the highest that Fitch assigns to a regulated network in Europe, reflecting a very strong business and financial profile." Fitch Ratings, 5 December 2017 Fingrid is committed to maintain credit rating at least at 'A-' level in all circumstances Fingrid Debt Investor Presentation 28.3.2018 FINGRID

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