Investor Presentaiton

The current regulatory model benefits from relatively stable WACC* without capping upside 6,0% WACC, post-tax Finnish government 10 year bond Euribor 6 months 5,0% 4,0% 3,0% 2,0% 1,0% The regulatory model applies the higher of i) 10y average of Finnish Government (FinGov) 10y bond yield or ii) April-September www 0,0% average of 10y FinGov as risk free rate in WACC -1,0% 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 * 46 46 Regulatory WACC 2007 – 2015 calculated as post-tax basis. From 2016 regulatory model applies pre-tax WACC. Pre-tax WACC for 2019 calendar year 5,36% (5,78% in 2018) Fingrid Debt Investor Presentation 30.9.2018 FINGRID

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