Fingrid Oyj — Capital/Financing Update 2014

May 29, 2014

FINGRID

Final Terms dated 21 May 2014

FINGRID OYJ

Issue of EUR 30,000,000 2.888 per cent. Fixed Rate Notes due 30 May 2029 under the €1,500,000,000 Debt Issuance Programme

Part A – Contractual Terms

Terms used herein shall be deemed to be defined as such for the purposes of the Conditions set forth in the Prospectus dated 14 November 2013 which constitutes a base prospectus for the purposes of the Prospectus Directive (Directive 2003/71/EC) (and amendments thereto, including Directive 2010/73/EU) (the “Prospectus Directive”). This document constitutes the Final Terms of the Notes described herein for the purposes of Article 5.4 of the Prospectus Directive and must be read in conjunction with such Prospectus. Full information on the Issuer and the offer of the Notes is only available on the basis of the combination of these Final Terms and the Prospectus. The Prospectus has been published on the market news section of the London Stock Exchange website (www.londonstockexchange.com/exchange/prices-and-news/news/market-news/market-news-home.html).

1. Issuer: Fingrid Oyj
2. (i) Series Number: 30052029FIXEDEUR30
   (ii) Tranche Number: 1
3. Specified Currency: Euro (“€”)
4. Aggregate Nominal Amount of Notes admitted to trading:
   (i) Series: €30,000,000
   (ii) Tranche: €30,000,000
5. Issue Price: 100 per cent. of the Aggregate Nominal Amount
6. (iii) Specified Denominations: €1,000,000
   (iv) Calculation Amount: €1,000,000
7. (v) Issue Date: 30 May 2014
   (vi) Interest Commencement Date: Issue Date
8. Maturity Date: 30 May 2029
9. Interest Basis: 2.888 per cent. Fixed Rate (further particulars specified below)

Fingrid Oyj

Street address Postal address Phone Fax
Läkkisepäntie 21 P.O.Box 530 +358 30 395 5000 +358 30 395 5196
FI-00620 Helsinki FI-00101 Helsinki +358 30 395 5000 +358 30 395 5196

Business Identity Code
FI10728943, VAT reg.
forename.surname@fingrid.fi
www.fingrid.fi

---

FINGRID

10 Redemption/Payment Basis: Subject to any purchase and cancellation or early redemption, the Notes will be redeemed on the Maturity Date at 100 per cent. of their nominal amount

11 Change of Interest Basis: Not Applicable

12 Put/Call Options: Not Applicable

13 Status of the Notes: Senior

Provisions Relating to Interest (if any) Payable

14 Fixed Rate Note Provisions: Applicable

(vii) Rate of Interest: 2.888 per cent. per annum payable in arrear on each Interest Payment Date

(viii) Interest Payment Date(s): 30 May in each year

(ix) Fixed Coupon Amount: €28,880 per Calculation Amount

(x) Broken Amount(s): Not Applicable

(xi) Day Count Fraction: 30/360

(xii) Determination Dates: 30 May in each year

15 Floating Rate Note Provisions: Not Applicable

16 Zero Coupon Note Provisions: Not Applicable

Provisions Relating to Redemption

17 Call Option: Not Applicable

18 Put Option: Not Applicable

19 Final Redemption Amount of each Note: €1,000,000 per Calculation Amount

20 Early Redemption Amount

Early Redemption Amount(s) per Calculation Amount payable on redemption for taxation reasons or on event of default or other early redemption: €1,000,000 per Calculation Amount

General Provisions Applicable to the Notes

21 Form of Notes: Bearer Notes: Temporary Global Note exchangeable for a Permanent Global Note which is exchangeable for Definitive Notes in the limited circumstances specified in the Permanent Global Note

Fingrid Oyj
Street address
Postal address
Phone
Fax
Business Identity Code FI10728943, VAT reg. forename.surname@fingrid.fi
Läkkisepäntie 21 FI-00620 Helsinki
P.O.Box 530 FI-00101 Helsinki
+358 30 395 5000
+358 30 395 5196
www.fingrid.fi

---

INSTITUTE OF FINGRID

22 New Global Note: Yes
23 Financial Centre(s): London, Helsinki, Tokyo and TARGET
24 U.S. Selling Restrictions: Reg. S Compliance Category 2; TEFRA D

Signed on behalf of the Issuer:

By: Van Hem
Duly authorised
Jan Montell
Chief Financial Officer

Tarmo Rantalankila
Chief Legal Adviser

Fingrid Oyj
Street address
Läkkisepäntie 21
FI-00620 Helsinki
Postal address
P.O.Box 530
FI-00101 Helsinki
Phone
+358 30 395 5000
Fax
+358 30 395 5196
Business Identity Code
FI10728943, VAT reg.
forename.surname@fingrid.fi
www.fingrid.fi

---

FINGRID

PART B – OTHER INFORMATION

1 Listing

(xiii) Admission to trading: Application has been made by the Issuer (or on its behalf) for the Notes to be admitted to trading on the Regulated market of the London Stock Exchange plc and admitted to the official list of the UK Listing Authority with effect from 30 May 2014.

(xiv) Estimate of total expenses related to admission to trading: £300

2 Ratings

Ratings: The Notes (to be issued) will be rated by Fitch and Moody's. The Programme has been rated A1 in respect of Fingrid's long-term senior unsecured debt by Moody's Investors Services Ltd. ("Moody's"), AA- by Standard & Poor's Credit Market Services Europe Limited ("S&P") and A+ by Fitch Ratings Ltd ("Fitch").

Each of Moody's, S&P and Fitch is established in the EU and registered under Regulation (EC) No 1060/2009.

3 Interests of Natural and Legal Persons Involved in the Issue

"Save as discussed in "Subscription and Sale", so far as the Issuer is aware, no person involved in the offer of the Notes has an interest material to the offer."

4 Fixed Rate Notes only – Yield

Indication of yield: 2.888 per cent.

The yield is calculated at the Issue Date on the basis of the Issue Price. It is not an indication of future yield.

Fingrid Oyj
Street address
Lääkisepäntie 21
FI-00620 Helsinki
Postal address
P.O.Box 530
FI-00101 Helsinki
Phone
+358 30 395 5000
Fax
+358 30 395 5196
Business Identity Code
FI10728943, VAT reg.
forename.surname@fingrid.fi
www.fingrid.fi

---

FINGRID

5 Operational Information

ISIN Code: XS1069555149
Common Code: 106955514
Any clearing system(s) other than Euroclear Bank S.A./N.V. and Clearstream Banking, société anonyme and the relevant identification number(s): Not Applicable
Names and addresses of additional Paying Agent(s): Not Applicable

Fingrid Oyj
Street address
Lääkisepäntie 21
FI-00620 Helsinki
Postal address
P.O.Box 530
FI-00101 Helsinki
Phone
+358 30 395 5000
Fax
+358 30 395 5196
Business Identity Code
FI10728943, VAT reg.
forename.surname@fingrid.fi
www.fingrid.fi