Pressmeddelande den 28 januari 2013

Press release, 28 January 13

Advance notice of the return on investment operations in 2012

11.3 per cent return on investment for the State Pension Fund

The return on investments of the State Pension Fund (VER) was 11.3 per cent in 2012 (-2.3 per cent in 2011). The geometric mean of VER’s five-year return was 3.6 per cent, while the geometric mean for VER’s ten-year return was 6.0 per cent.

The market value of the fund’s investments was 15.4 billion euro at the end of the year (13.7 billion euro in 2011). VER investments comprised 54.6 (56.7) per cent in fixed income investments, 38.4 (36.4) per cent in equities, and 7.0 (6.9) per cent in other investments.

The return of fixed-income investments was 8.8 per cent and the return of equity investments was 16.8 per cent. Other investments reached a 3.5 per cent return.

2012 was a good year for pension investors. Thanks to the European Central Bank’s well-timed measures, financial markets calmed down during the last year. Interest rates fell and investors received good returns from a number of sources. VER’s return on investments on fixed income investments was 8.8 per cent and on equity investments 16.8 per cent. The return rose to 11.3 per cent. As for the future, the expectations lay on that the low interest rates will gradually begin to influence the global recovery,” says Managing Director Timo Löyttyniemi

The press release on 2012 returns will be published on 6 March 2013.

For further details, please contact:

Managing Director Timo Löyttyniemi, tel. +358 9 2515 7010, mobile +358 50 336 2094

The State Pension Fund (VER) is a fund that is external to the state budget, established in 1990, the proceeds of which the Finnish state uses to prepare for the financing of future pension liabilities and the balancing of pension costs. VER is an investment organisation. The function of VER is long-term management of the assets that are entrusted to it with a view to ensuring the security, returns and liquidity of investments and their appropriate diversity and diversification.

www.ver.fi

VER KEY FIGURES

The figures in this release are preliminary and have not been audited.