Investing in our common future

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1 Investing in our common future

2 PRODUCTION LOCATIONS Hydropower plants Thermal power plants Nuclear power plant * under construction Jolmankoski Kaaranneskoski Portimokoski Jumisko Isohaara Kierikki Raasakka Laanila, Oulu Pahkakoski Haapakoski Maalismaa Kokkola Pietarsaari Vaskiluoto, Vaasa Seinäjoki Kristiinankaupunki Hämeenkyrö Porin Prosessivoima, Pori Tahkoluoto, Pori Meri-Pori, Pori Harjavalta Olkiluoto, Eurajoki* Rauma Melo Savonlinna Ristiina, Mikkeli Lappeenranta Kuusankoski, Kouvola Mussalo, Kotka Kerava

3 JOINT RESOURCES BRING WELL-BEING TO ALL Pohjolan Voima is all about joint resources. For 70 years, we have built energy solutions that combine our own strengths and competencies with those of our shareholders and extensive partner network. Electricity and heat for shareholders at cost price Pohjolan Voima s shareholders are also its customers: a wide range of Finnish industrial and energy companies. We produce and deliver electricity and heat at cost price, helping secure the success of our shareholders. Our operations create jobs and well-being for society as a whole. Pohjolan Voima s operations focus on hydropower, heat generation and nuclear power. Major investments in carbon-free production Pohjolan Voima is a major investor in the Nordic energy market. Since the turn of the millennium, we have invested a total of 4 million euro in carbon-free production capacity; 1.5 million euro of this has been directed at renewable energy sources. The share of our carbon-free production will increase from 80% to 90% in the near future. The cost price model is an efficient method of making energy investments.

4 Innovative energy solutions Pohjolan Voima actively finds, designs and implements energy solutions for the challenges of the future. We manage our power plants in a responsible manner throughout their operational lives. Examples of our advanced projects include - the unique Jumisko tunnel hydropower plant - the extensive bioenergy programme with the 15th plant commissioned in Hämeenkyrö in Finland s first large-scale biogasifier, operated by Vaskiluodon Voima in Vaasa - safe and reliable Olkiluoto nuclear power plant units - our investments in the development of biocoal to replace traditional coal. Working together, looking forward We believe in open interaction and shared goals in all operations, management, stakeholder relations and social discourse. Respect for other people is the precondition of our future success.

5 POHJOLAN VOIMA 2012 Pohjolan Voima s key figures (IFRS*) Turnover million Operating result million Equity ratio % Total assets million Investments million Average number of personnel** * During 2010, Pohjolan Voima Group adopted the IFRS standards in its accounting. Figures for the year 2008 are unaudited pro forma sums. ** Does not include the personnel of Teollisuuden Voima where Pohjolan Voima has a majority shareholding. Shareholders by sector Forest industry 62.0% Energy companies 21.3% Cities 6.8% Chemical industry 5.6% Others 4.2% Pohjolan Voima s electricity production in 2012, 14.0 TWh Pohjolan Voima s electricity production capacity on 31 December 2012, MW 13.2% CHP (industry) 7.2% Condensing power 15.3% Hydropower 37.2% Condensing power 12.6% Hydropower 6.2% CHP (district heat) 14.0 TWh MW 58.2% Nuclear power 15.5% CHP (industry) 28.4% Nuclear power 6.2% CHP (district heat) The share of Pohjolan Voima s electricity generation of the total electricity generation in Finland was approximately 20% in The share of Pohjolan Voima s electricity production capacity of the total electricity generation capacity in Finland was 20% in 2012.

6 2013 POHJOLAN VOIMA Pohjolan Voima produces energy at cost for its owners and manages the entire lifespan of power plants reliably, cost-effectively and in an environmentally friendly manner. Pohjolan Voima s values are responsibility, reliability and competence. POHJOLAN VOIMA OY Töölönkatu 4 P.O. Box 40, FI Helsinki, Finland Tel Fax forename.surname@pvo.fi info@pvo.fi

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