Gasum – Cleanly with natural energy gases Q1/2014

Gasum in brief Strategic goals Gasum's outlook for 2014

• Finnish expert in natural energy gases (natural gas • Increasing natural energy gas sales • Natural energy gas demand and volumes are and biogas). • Improving competitiveness through increased anticipated to remain almost at the 2013 level in • Gasum imports, transmits and supplies natural service provision and supply 2014. energy gases such as natural gas for energy • Achieving considerable increases in LNG use in • Gasum’s acquisition of Skangass will result in a production, industrial and residential customers , industry and in land and maritime transport considerable increase in revenue and profit from and land and maritime transport. • Increasing biogas production and use in transport, Gasum’s LNG business from 2013. • The use of natural energy gases is diversified by heating and industry • Gasum will continue the development of the biogas and the imports of LNG. • Ensuring natural energy gases are provided with a Finnish energy infrastructure by investing in the • Gasum’s sustainable solutions aim at a cleaner major role in 's Energy and Climate Strategy LNG market, biogas business and transport local environment, cleaner Baltic Sea and cleaner services. climate.

EUR million Q1/ Q1/ Change Gasum’s business areas Revenue by business activity 2013 /% 2014 2013

Revenue (€ million) 346,1 421,3 -17,8 % LNG ENERGY ENERGY TRANSMISSION 20% TRADE SERVICES SERVICES 78% Operating profit SOURCING AND BUYING AND NATURAL GAS NETWORK (€ million) 29,1 25,1 16 % SALES SELLING NATURAL SOLUTIONS DEVELOPMENT AND MAINTENANCE STORAGE GAS GAS FUELLING BIOGAS STATIONS FINNGULF LNG DISTRIBUTION TRADING SERVICES APPLIANCE SALES BIOGAS UPGRADING 2% Equity ratio (%) 54 % 48,7 %

Highligts of Q1/2014 Gearing (%) 31,5 % 28,7 %

• Gasum announced that it will acquire the majority (51%) of the LNG distribution business of the Skangass company. Natural gas sales 9,9 11,5 Terminals and tankers will contribute towards improved (TWh) -13,5 % in Gasum’s LNG offering and enable the development of TWh TWh gas infrastructure in the northern Baltic Sea region. • Company selected Tahkoluoto, , as the location for Personnel the first LNG terminal to be constructed in Finland. The (average) 273 255 7,1 % investment decision is not yet made, but the construction project is estimated to provide 250 full-time equivalents of employment.

Johanna Lamminen 8.5.2014 Q1-Interim Report summary 1 Gasum – Cleanly with natural energy gases Q1/2014 Finnish Drivers of growth Main risks gas market development

• Gas has a strong position in the energy market, • Gasum’s business risks include those related to and LNG in particular offers an opportunity to the energy market and fuel price development as reduce transport emissions on land and at sea.. well as those related to access to natural gas, the • The rapid and successful development of the LNG functioning of the transmission system, business market and acceleration of Gasum's growth regulation, safety and security, and environmental through LNG, particularly in the northern Baltic Sea impacts. region. • The most considerable risks from the profit perspective are to do with fuel price development and business regulation.

Key figures 12/2013 Ownership structure 12/2013

Fortum Heat and Gas Oy 31%

OAO 25%

Finnish State 24%

E.ON Ruhrgas International GmbH 20%

Financial communications contact details Financial calendar

Johanna Lamminen August 2014 Interim report Q2 Chief Executive Officer January–June Phone +358 20 744 78602 October 2014 Interim report Q3 [email protected] January–September www.gasum.fi

Johanna Lamminen 8.5.2014 Q1-Interim Report summary 2