SOLIDIUM OY'S JULY-DECEMBER 2012 HALF YEAR REPORT

2013-01-17 11:03:13 -
* Solidium's investment yield was 8.7 % for the six-month review period and
    9.2 % for the last 12 months
  * Solidium paid 800 million euros in profit distribution to the State of
    Finland
  * Solidium's net asset value decreased during the review period by 307 million
    euros, down to 6,550 million euros at the end of the period
  * Solidium sold all of its shares in Sponda Plc for approximately 148 million
    euros
  * Solidium increased its holding in Outotec Oyj by acquiring shares for 26
    million euros
  * Solidium's profit for the review period amounted to 36 million 
  
    
      
        

	    
  
  euros

Solidium's Managing Director Kari Järvinen's comments on the review period:

"In the latter half of 2012, equity markets enjoyed strong performance and the
value performance of Solidium's portfolio was also positive. The equity markets
are becoming more attractive to investors since the yield on many other
investments is low and investors' confidence in a controlled solution to the
European debt crisis has increased.

During the period under review, Solidium paid EUR 800 million in profit
distribution to the State. This brings the total amount of profit distributed by
Solidium during the last three years to EUR 1.8 billion. The disposal of all our
remaining shares in Sponda is a natural continuation to our executed disposal
two years ago when we decreased our holding from 34 per cent to 15 per cent. We
are satisfied that, even after the disposals, Sponda's ownership will remain
firmly in Finnish hands."

Further information: Managing Director Kari Järvinen, tel. +358 (0)10 830 8905

Solidium is a limited company wholly owned by the State of Finland. Its mission
is to strengthen and stabilise Finnish ownership in nationally important
companies and increase the value of its holdings in the long term. Investment
activities are based on financial analysis. The basis and core objective of
Solidium's investment strategy is proper, value-enhancing asset management of
the current holdings. Through its stakes, Solidium is a minority owner in eleven
listed companies: Elisa, Kemira, Metso, Outokumpu, Outotec, Rautaruukki, Sampo,
Stora Enso, Talvivaara Mining Company, TeliaSonera and Tieto. The market value
of Solidium's investments is approximately 7.3 billion euros at the date of this
press release. Further information: www.solidium.fi.

The complete half year report can be found here:



Half year report: 
 hugin.info/142364/R/1671077/543199.pdf



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Source: Solidium Oy via Thomson Reuters ONE
[HUG#1671077]