Työttömyysvakuutusrahasto - Company Announcement

Unemployment Insurance Fund (TVR) : S&P has revised the outlook for TVR

Unemployment Insurance Fund     Stock Exchange Release     07 October 2015 at
9.50 a.m.

Not for publication or distribution in the United States, Australia, Canada,
Hong Kong, Japan or Singapore


Standard & Poor's has revised the outlook for the Unemployment Insurance Fund
(TVR)

Standard & Poor's Rating Services has revised the outlook on the Unemployment
Insurance Fund (TVR) from stable to negative. Standard & Poor's revised it's
outlook on the Government of Finland to negative from stable on 25(th) Sept
2015. Standard & Poor's equalizes the rating of TVR, with the Finnish sovereign
rating. Standard & Poor's has therefore revised the outlook on TVR to negative
from stable affirming the"AA+/A-1+" ratings.



Helsinki, 07 October 2015

Unemployment Insurance Fund (TVR)


Additional  information:

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

Distribution:
NASDAQ OMX Helsinki
Media
www.tvr.fi

This stock exchange release is not an offer for the sale of securities. The
distribution of this stock exchange release in certain jurisdictions may be
restricted by law and persons into whose possession it or any part of it comes
should inform themselves about and observe any such restrictions. The
information in this stock exchange release shall not constitute an offer to sell
or the solicitation of an offer to buy, nor shall there be any sale of the
securities referred to herein in any jurisdiction in which such offer,
solicitation or sale would require preparation of further prospectuses or other
offer documentation, or be unlawful prior to registration, exemption from
registration or qualification under the securities laws of any such
jurisdiction.


[HUG#1957250]

Attachments:

S&P Research update.pdf