Työttömyysvakuutusrahasto - Company Announcement

Unemployment Insurance Fund's (TVR) estimate of the Full-year result has changed

Unemployment Insurance Fund     Stock Exchange Release     20 December 2016 at
11:15 am


Unemployment Insurance Fund's (TVR) estimate of the Full-year result has
changed

TVR's Board of Directors has improved the estimate of the Full-year result for
year 2016.

Unemployment Insurance Fund presented on 25 August 2016 the latest estimate of
the Full-year result to be positive 46 million euros. The latest official
unemployment statistics have shown that the number of persons unemployed has
been diminishing at the rate of a few percent compared to the correspondent
month during 2015. At the same time there has been signs that the total amount
of unemployment benefit payment made by the unemployment funds has been in a
decline.

According to the latest estimate by TVR it is stated that the total amount of
unemployment benefits and other benefits financed by TVR would diminish by five
percent in 2016 compared to 2015. Therefore TVR estimates the Full-year result
for 2016 to improve compared to the earlier estimates. The latest estimate of
the Full-year result is positive approximately 200 million euros. The net
position is estimated to be negative approximately 500 million euros at the end
of year 2016.

TVR has on 15 September 2016 reported the Calendar of events for 2017, according
to which is the Preliminary result for 2016 scheduled to be reported on the week
5, 2017 and the Full-year report 2016 to be released on the week 12, 2017.



Additional  information:

Janne Metsämäki, Managing Director. tel. +358 40 522 3614
Tapio Oksanen, Deputy Managing Director, CFO tel. +358 40 539 4651



Helsinki, 20 December 2016

Unemployment Insurance Fund (TVR)

Tapio Oksanen
Deputy Managing Director


Distribution:
NASDAQ OMX Helsinki
Media
www.tvr.fi




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