Teollisuuden Voima Oyj's Interim Report January–September 2014

During the first three quarters of the year, Teollisuuden Voima's electricity generation at Olkiluoto 1 and Olkiluoto 2 plant units continued safely and reliably. TVO received additional data about the schedule for Olkiluoto 3 project from the Supplier, according to which the start of regular electricity production of the plant unit would start in late 2018. The Finnish Government rejected TVO's application to extend the validity of the decision-in-principle of Olkiluoto 4.

The consolidated turnover for the period under review January 1–September 30, 2014 was EUR 262.3 (January 1–September 30, 2013: EUR 284.8) million. The amount of electricity delivered to shareholders was 11,183.2 (11,413.6) GWh. The decline in turnover was mainly due to the lower electricity supply of the Meri-Pori coal-fired power plant compared to the previous year.

TVO operates on a cost-price principle (Mankala principle). TVO's goal is not to make profit or pay dividends. The shareholders are charged incurred costs on the price of electricity and thus in principle the profit/loss for the period under review is zero. Because of the Company's operating principle, key indicators based on financial performance will not be presented.

For more information, please contact: Jarmo Tanhua, President and CEO, tel. +358 2 8381 2000 Anja Ussa, Senior Vice President, Finance, tel. +358 2 8381 6100.

Teollisuuden Voima Oyj is a Finnish nuclear power company founded in 1969 for safe and reliable production of electricity to the Finnish society. The nuclear power generated at TVO's Olkiluoto plants accounted in 2013 for ca. one sixth of the total energy consumption in Finland. Clean energy production not only benefits the Finnish society but also contributes to the global reduction of environmental impact.