TVO announces Signing of EUR 1.5bn Revolving Credit Facility

Corrected 18th March 2011

Helsinki, 17th March 2011 - Teollisuuden Voima Oyj has signed today a new revolving credit facility (the “Facility”) of EUR 1,500 million.

The Facility refinances TVO’s existing revolving credit facility signed in June 2005 and has a maturity of five years including two one-year extension options. The Facility will be used for general corporate purposes and will serve as the core relationship facility for the future.

The transaction was oversubscribed in syndication with a total of 15 banks, both Nordic and international, committing to the Facility (full lender list below in alphabetical order).

Name of Original Lender
Barclays Bank PLC
BNP Paribas Corporate & Investment Banking
Crédit Agricole Corporate and Investment Bank Helsinki Branch
Crédit Industriel et Commercial
Deutsche Bank AG, London Branch
Mizuho Corporate Bank, Ltd.
Nordea Bank Finland Plc
Pohjola Bank plc
Sampo Bank plc
Skandinaviska Enskilda Banken AB (publ)
Sumitomo Mitsui Banking Corporation
Svenska Handelsbanken AB (publ)
Swedbank AB (publ)
The Bank of Tokyo-Mitsubishi UFJ, Ltd
The Royal Bank of Scotland plc

For further information, please contact:
Lauri Piekkari
Vice President and Treasurer
Teollisuuden Voima Oyj
Tel. +358 9 6180 6110

About TVO
TVO is a Finnish non-listed public company founded in 1969 to produce electricity for its shareholders at cost price. The Company owns and operates two nuclear power plant units on the west coast of Finland, which together produce slightly more than 16% of all the electricity consumed in Finland. A third nuclear power plant unit is under construction. Additionally, TVO owns 45% of the Meri-Pori coal-fired power plant.