PitchSend

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% 0,0% The regulatory model applies the higher of i) 10y average of Finnish Government (FinGov) 10y bond yield or ii) April-September average of 10y FinGov as risk free rate in WACC -1,0% 2007 2008 2009 2010 2011 2012 * 445 2013 2014 2015 2016 2017 2018 Illustrative regulatory WACC 2007 - 2015 calculated as post-tax basis. From 2016 regulatory model applies pre-tax WACC. Pre-tax WACC for 2018 calendar year is 5,78% (6,19% in 2017) Fingrid Debt Investor Presentation 28.3.2018 FINGRID

View entire presentation