Elenia Verkko Oyj Publication of Revised Financial Statements (4519A)

TIDM91VA

RNS Number : 4519A

Elenia Verkko Oyj

01 June 2021

RNS Announcement

Publication of the Revised Consolidated Financial Statements of Elenia Verkko Oyj

Elenia Verkko Oyj EUR3,000,000,000 Multicurrency Programme for the Issuance of Bonds, unconditionally and irrevocably guaranteed by Elenia Oy, Lakeside Network Investments S.à r.l. and Elenia Investments S.à r.l

The revised audited annual financial statements of Elenia Verkko Oyj (the "Issuer") for the financial year ended 31 December 2020 can now be found at www.elenia.fi/en/investors/financial-reports.

Following the publication of the audited annual financial statements on 9 April 2021, the Board of Directors of the Issuer has become aware of a need to revise the notes to the financial statements of the Issuer (differentiated P&L account and balance sheet). Thereby, the notes have been revised as follows: (i) debt of EUR 550,000,000.00 related to the equity repayment due to the sale of district heating business has been allocated to other than network business; and (ii) deferred tax liability of EUR 106,453,935.01 and change in deferred tax liability for the financial year ended 31 December 2020 of EUR 2,129,078.70 have been allocated to other than network business. Due to the above-mentioned revisions, the unrestricted equity reserves attributable to the electricity network business have increased by EUR 658,583,013.71 as compared to the audited annual financial statements published on 9 April 2021.

The revisions relate to the requirement in the Finnish Electricity Market Act, according to which the electricity network business shall be differentiated from other business activities, and have no effect on the standalone or consolidated accounts of the Issuer.

A copy of the revised audited annual financial statements of the Issuer has been submitted to the National Storage Mechanism and will shortly be available for inspection at data.fca.org.uk/#/nsm/nationalstoragemechanism .

To view the full document, please paste the following URL into the address bar of your browser.

http://www.rns-pdf.londonstockexchange.com/rns/4519A_1-2021-6-1.pdf

For further information, please contact:

Mr Tommi Valento

Chief Financial Officer

Töölönkatu 4

00100 Helsinki

FINLAND

TEL: +358 40 720 8951

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June 01, 2021 08:10 ET (12:10 GMT)

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