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Investor Presentaiton

Cross-border transmission between Finland and Russia • Imports from Russia have stabilized on a lower level Russia now has capacity payment of around 30- 50€/MWh on exports to Finland Decreasing day-ahead market price difference between Finland and Russia • Towards more efficient trade Increased cooperation between power exchanges Annual electricity export from Russia to Finland TWh 14 12 10 8 CO 6 • 67 • Common rules between EU and Russia . Dynamic transmission tariff between Finland and Russia First commercial exports to Russia in 2015 Very small volumes 42 0 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Finland's cross-border transmission with Russia is driven by power market development in EU and Russia Fingrid Debt Investor Presentation 28.3.2018 FINGRID
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