Fingrid Oyj — Major Shareholding Notification 2011

Jan 26, 2011

Fingrid Oyj / Miscellaneous

26.01.2011 17:07

Dissemination of a UK Regulatory Announcement, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement.

Fingrid's ownership arrangements progressing

By virtue of a preliminary agreement, Fortum is selling its shareholding in the Finnish transmission system operator Fingrid to the State of Finland and Mutual Pension Insurance Company Ilmarinen. Pohjolan Voima is also negotiating the divestment of its holding in Fingrid to the State of Finland and Ilmarinen. Fortum and Pohjolan Voima each own approximately 25 per cent of Fingrid's shares.

After the share transaction, the holding of the State of Finland in Fingrid would be 53.1 per cent and that of Ilmarinen 19.9 per cent. The other shareholders, which are mainly Finnish pension insurance and insurance companies, would have a holding of 27.5 per cent.

The ownership arrangements are caused by the EU's directive concerning the internal electricity market. The directive requires that transmission system companies are unbundled from electricity generating and selling companies by March 2012.

Further information: Fingrid Oyj, Jukka Ruusunen, President & CEO, tel. +358 (0)40 593 8428
News Source: NASDAQ OMX

26.01.2011 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de

Language: English
Company: Fingrid Oyj

FI

Phone:
Fax:
E-mail:
Internet:
ISIN: XS0113638653

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Category Code: MSC
LSE Ticker: BR96
Sequence Number: 657
Time of Receipt: Jan 26, 2011 17:07:41

End of Announcement
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