<xbrl xmlns="http://www.xbrl.org/2003/instance" xmlns:fi_MC="http://www.suomi.fi/xbrl/crr/dict/dom/MC" xmlns:fi_RF="http://www.suomi.fi/xbrl/crr/dict/dom/RF" xmlns:fi_SC="http://www.suomi.fi/xbrl/crr/dict/dom/SC" xmlns:fi_dim="http://www.suomi.fi/xbrl/crr/dict/dim" xmlns:fi_met="http://www.suomi.fi/xbrl/crr/dict/met" xmlns:iso4217="http://www.xbrl.org/2003/iso4217" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:negated="http://www.xbrl.org/2009/role/negated" xmlns:net="http://www.xbrl.org/2009/role/net" xmlns:nonnum="http://www.xbrl.org/dtr/type/non-numeric" xmlns:num="http://www.xbrl.org/dtr/type/numeric" xmlns:vk_mod_oytp_gaap_ind="http://www.valtiokonttori.fi/xbrl/crr/fws/oytp/kpl-2016-12/2019-03-28/mod/oytp_gaap_ind" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xl="http://www.xbrl.org/2003/XLink" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsd="http://www.w3.org/2001/XMLSchema" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://xbrl.org/2006/xbrldi xbrldi-2006.xsd">
    <link:schemaRef xlink:href="http://www.valtiokonttori.fi/fi/fr/xbrl/crr/fws/oytp/kpl-2016-12/2019-03-28/mod/oytp_gaap_ind.xsd" xlink:type="simple"/>
    <context id="_ctx1">
        <entity>
            <identifier scheme="http://ytj.fi">3383642-9</identifier>
        </entity>
        <period>
            <instant>2024-12-31</instant>
        </period>
    </context>
    <context id="_ctx82">
        <entity>
            <identifier scheme="http://ytj.fi">3383642-9</identifier>
        </entity>
        <period>
            <instant>2024-12-31</instant>
        </period>
        <scenario>
            <xbrldi:explicitMember dimension="fi_dim:MCY">fi_MC:x1769</xbrldi:explicitMember>
        </scenario>
    </context>
    <context id="_ctx86">
        <entity>
            <identifier scheme="http://ytj.fi">3383642-9</identifier>
        </entity>
        <period>
            <instant>2024-12-31</instant>
        </period>
        <scenario>
            <xbrldi:explicitMember dimension="fi_dim:MCY">fi_MC:x1771</xbrldi:explicitMember>
        </scenario>
    </context>
    <context id="_ctx87">
        <entity>
            <identifier scheme="http://ytj.fi">3383642-9</identifier>
        </entity>
        <period>
            <instant>2024-12-31</instant>
        </period>
        <scenario>
            <xbrldi:explicitMember dimension="fi_dim:MCY">fi_MC:x1775</xbrldi:explicitMember>
        </scenario>
    </context>
    <context id="_ctx88">
        <entity>
            <identifier scheme="http://ytj.fi">3383642-9</identifier>
        </entity>
        <period>
            <instant>2024-12-31</instant>
        </period>
        <scenario>
            <xbrldi:explicitMember dimension="fi_dim:MCY">fi_MC:x1768</xbrldi:explicitMember>
        </scenario>
    </context>
    <context id="_ctx89">
        <entity>
            <identifier scheme="http://ytj.fi">3383642-9</identifier>
        </entity>
        <period>
            <instant>2024-12-31</instant>
        </period>
        <scenario>
            <xbrldi:explicitMember dimension="fi_dim:MCY">fi_MC:x438</xbrldi:explicitMember>
        </scenario>
    </context>
    <context id="_ctx94">
        <entity>
            <identifier scheme="http://ytj.fi">3383642-9</identifier>
        </entity>
        <period>
            <instant>2024-12-31</instant>
        </period>
        <scenario>
            <xbrldi:explicitMember dimension="fi_dim:MCY">fi_MC:x399</xbrldi:explicitMember>
        </scenario>
    </context>
    <context id="_ctx95">
        <entity>
            <identifier scheme="http://ytj.fi">3383642-9</identifier>
        </entity>
        <period>
            <instant>2024-12-31</instant>
        </period>
        <scenario>
            <xbrldi:explicitMember dimension="fi_dim:MCY">fi_MC:x435</xbrldi:explicitMember>
        </scenario>
    </context>
    <context id="_ctx96">
        <entity>
            <identifier scheme="http://ytj.fi">3383642-9</identifier>
        </entity>
        <period>
            <instant>2024-12-31</instant>
        </period>
        <scenario>
            <xbrldi:explicitMember dimension="fi_dim:MCY">fi_MC:x360</xbrldi:explicitMember>
        </scenario>
    </context>
    <context id="_ctx107">
        <entity>
            <identifier scheme="http://ytj.fi">3383642-9</identifier>
        </entity>
        <period>
            <instant>2024-12-31</instant>
        </period>
        <scenario>
            <xbrldi:explicitMember dimension="fi_dim:MCY">fi_MC:x2895</xbrldi:explicitMember>
        </scenario>
    </context>
    <context id="_ctx109">
        <entity>
            <identifier scheme="http://ytj.fi">3383642-9</identifier>
        </entity>
        <period>
            <instant>2024-12-31</instant>
        </period>
        <scenario>
            <xbrldi:explicitMember dimension="fi_dim:MCY">fi_MC:x376</xbrldi:explicitMember>
        </scenario>
    </context>
    <context id="_ctx138">
        <entity>
            <identifier scheme="http://ytj.fi">3383642-9</identifier>
        </entity>
        <period>
            <instant>2024-12-31</instant>
        </period>
        <scenario>
            <xbrldi:explicitMember dimension="fi_dim:MCY">fi_MC:x1819</xbrldi:explicitMember>
        </scenario>
    </context>
    <context id="_ctx140">
        <entity>
            <identifier scheme="http://ytj.fi">3383642-9</identifier>
        </entity>
        <period>
            <instant>2024-12-31</instant>
        </period>
        <scenario>
            <xbrldi:explicitMember dimension="fi_dim:MCY">fi_MC:x1825</xbrldi:explicitMember>
        </scenario>
    </context>
    <context id="_ctx141">
        <entity>
            <identifier scheme="http://ytj.fi">3383642-9</identifier>
        </entity>
        <period>
            <instant>2024-12-31</instant>
        </period>
        <scenario>
            <xbrldi:explicitMember dimension="fi_dim:MCY">fi_MC:x1826</xbrldi:explicitMember>
        </scenario>
    </context>
    <context id="_ctx142">
        <entity>
            <identifier scheme="http://ytj.fi">3383642-9</identifier>
        </entity>
        <period>
            <instant>2024-12-31</instant>
        </period>
        <scenario>
            <xbrldi:explicitMember dimension="fi_dim:MCY">fi_MC:x1811</xbrldi:explicitMember>
        </scenario>
    </context>
    <context id="_ctx143">
        <entity>
            <identifier scheme="http://ytj.fi">3383642-9</identifier>
        </entity>
        <period>
            <instant>2024-12-31</instant>
        </period>
        <scenario>
            <xbrldi:explicitMember dimension="fi_dim:MCY">fi_MC:x424</xbrldi:explicitMember>
        </scenario>
    </context>
    <context id="_ctx144">
        <entity>
            <identifier scheme="http://ytj.fi">3383642-9</identifier>
        </entity>
        <period>
            <instant>2024-12-31</instant>
        </period>
        <scenario>
            <xbrldi:explicitMember dimension="fi_dim:MCY">fi_MC:x481</xbrldi:explicitMember>
        </scenario>
    </context>
    <context id="_ctx2">
        <entity>
            <identifier scheme="http://ytj.fi">3383642-9</identifier>
        </entity>
        <period>
            <instant>2024-12-31</instant>
        </period>
        <scenario>
            <xbrldi:explicitMember dimension="fi_dim:MCY">fi_MC:x673</xbrldi:explicitMember>
        </scenario>
    </context>
    <context id="_ctx5">
        <entity>
            <identifier scheme="http://ytj.fi">3383642-9</identifier>
        </entity>
        <period>
            <instant>2024-12-31</instant>
        </period>
        <scenario>
            <xbrldi:explicitMember dimension="fi_dim:MCY">fi_MC:x49</xbrldi:explicitMember>
        </scenario>
    </context>
    <context id="_ctx7">
        <entity>
            <identifier scheme="http://ytj.fi">3383642-9</identifier>
        </entity>
        <period>
            <instant>2024-12-31</instant>
        </period>
        <scenario>
            <xbrldi:explicitMember dimension="fi_dim:MCY">fi_MC:x755</xbrldi:explicitMember>
        </scenario>
    </context>
    <context id="_ctx9">
        <entity>
            <identifier scheme="http://ytj.fi">3383642-9</identifier>
        </entity>
        <period>
            <instant>2024-12-31</instant>
        </period>
        <scenario>
            <xbrldi:explicitMember dimension="fi_dim:MCY">fi_MC:x10</xbrldi:explicitMember>
        </scenario>
    </context>
    <context id="_ctx10">
        <entity>
            <identifier scheme="http://ytj.fi">3383642-9</identifier>
        </entity>
        <period>
            <instant>2024-12-31</instant>
        </period>
        <scenario>
            <xbrldi:explicitMember dimension="fi_dim:MCY">fi_MC:x758</xbrldi:explicitMember>
        </scenario>
    </context>
    <context id="_ctx11">
        <entity>
            <identifier scheme="http://ytj.fi">3383642-9</identifier>
        </entity>
        <period>
            <instant>2024-12-31</instant>
        </period>
        <scenario>
            <xbrldi:explicitMember dimension="fi_dim:MCY">fi_MC:x6</xbrldi:explicitMember>
        </scenario>
    </context>
    <context id="_ctx13">
        <entity>
            <identifier scheme="http://ytj.fi">3383642-9</identifier>
        </entity>
        <period>
            <instant>2024-12-31</instant>
        </period>
        <scenario>
            <xbrldi:explicitMember dimension="fi_dim:MCY">fi_MC:x8</xbrldi:explicitMember>
        </scenario>
    </context>
    <context id="_ctx14">
        <entity>
            <identifier scheme="http://ytj.fi">3383642-9</identifier>
        </entity>
        <period>
            <instant>2024-12-31</instant>
        </period>
        <scenario>
            <xbrldi:explicitMember dimension="fi_dim:MCY">fi_MC:x9</xbrldi:explicitMember>
        </scenario>
    </context>
    <context id="_ctx15">
        <entity>
            <identifier scheme="http://ytj.fi">3383642-9</identifier>
        </entity>
        <period>
            <instant>2024-12-31</instant>
        </period>
        <scenario>
            <xbrldi:explicitMember dimension="fi_dim:MCY">fi_MC:x5</xbrldi:explicitMember>
        </scenario>
    </context>
    <context id="_ctx20">
        <entity>
            <identifier scheme="http://ytj.fi">3383642-9</identifier>
        </entity>
        <period>
            <instant>2024-12-31</instant>
        </period>
        <scenario>
            <xbrldi:explicitMember dimension="fi_dim:MCY">fi_MC:x1869</xbrldi:explicitMember>
        </scenario>
    </context>
    <context id="_ctx21">
        <entity>
            <identifier scheme="http://ytj.fi">3383642-9</identifier>
        </entity>
        <period>
            <instant>2024-12-31</instant>
        </period>
        <scenario>
            <xbrldi:explicitMember dimension="fi_dim:MCY">fi_MC:x689</xbrldi:explicitMember>
        </scenario>
    </context>
    <context id="_ctx29">
        <entity>
            <identifier scheme="http://ytj.fi">3383642-9</identifier>
        </entity>
        <period>
            <instant>2024-12-31</instant>
        </period>
        <scenario>
            <xbrldi:explicitMember dimension="fi_dim:MCY">fi_MC:x4014</xbrldi:explicitMember>
        </scenario>
    </context>
    <context id="_ctx34">
        <entity>
            <identifier scheme="http://ytj.fi">3383642-9</identifier>
        </entity>
        <period>
            <instant>2024-12-31</instant>
        </period>
        <scenario>
            <xbrldi:explicitMember dimension="fi_dim:MCY">fi_MC:x4046</xbrldi:explicitMember>
        </scenario>
    </context>
    <context id="_ctx35">
        <entity>
            <identifier scheme="http://ytj.fi">3383642-9</identifier>
        </entity>
        <period>
            <instant>2024-12-31</instant>
        </period>
        <scenario>
            <xbrldi:explicitMember dimension="fi_dim:MCY">fi_MC:x12</xbrldi:explicitMember>
        </scenario>
    </context>
    <context id="_ctx36">
        <entity>
            <identifier scheme="http://ytj.fi">3383642-9</identifier>
        </entity>
        <period>
            <instant>2024-12-31</instant>
        </period>
        <scenario>
            <xbrldi:explicitMember dimension="fi_dim:MCY">fi_MC:x738</xbrldi:explicitMember>
        </scenario>
    </context>
    <context id="_ctx41">
        <entity>
            <identifier scheme="http://ytj.fi">3383642-9</identifier>
        </entity>
        <period>
            <instant>2024-12-31</instant>
        </period>
        <scenario>
            <xbrldi:explicitMember dimension="fi_dim:MCY">fi_MC:x541</xbrldi:explicitMember>
        </scenario>
    </context>
    <context id="_ctx42">
        <entity>
            <identifier scheme="http://ytj.fi">3383642-9</identifier>
        </entity>
        <period>
            <instant>2024-12-31</instant>
        </period>
        <scenario>
            <xbrldi:explicitMember dimension="fi_dim:MCY">fi_MC:x740</xbrldi:explicitMember>
        </scenario>
    </context>
    <unit id="ISO4217_EUR">
        <measure>iso4217:EUR</measure>
    </unit>
    <fi_met:si168 contextRef="_ctx1">Oy Heiluu Ab</fi_met:si168>
    <fi_met:di120 contextRef="_ctx1">2023-08-16</fi_met:di120>
    <fi_met:di121 contextRef="_ctx1">2024-12-31</fi_met:di121>
    <fi_met:si289 contextRef="_ctx1">3383642-9</fi_met:si289>
    <fi_met:mi53 contextRef="_ctx82" decimals="2" unitRef="ISO4217_EUR">189.00</fi_met:mi53>
    <fi_met:mi53 contextRef="_ctx86" decimals="2" unitRef="ISO4217_EUR">3563.94</fi_met:mi53>
    <fi_met:mi53 contextRef="_ctx87" decimals="2" unitRef="ISO4217_EUR">669.12</fi_met:mi53>
    <fi_met:mi53 contextRef="_ctx88" decimals="2" unitRef="ISO4217_EUR">4422.06</fi_met:mi53>
    <fi_met:mi53 contextRef="_ctx89" decimals="2" unitRef="ISO4217_EUR">4422.06</fi_met:mi53>
    <fi_met:mi53 contextRef="_ctx94" decimals="2" unitRef="ISO4217_EUR">984.97</fi_met:mi53>
    <fi_met:mi53 contextRef="_ctx95" decimals="2" unitRef="ISO4217_EUR">5407.03</fi_met:mi53>
    <fi_met:mi53 contextRef="_ctx96" decimals="2" unitRef="ISO4217_EUR">5407.03</fi_met:mi53>
    <fi_met:mi53 contextRef="_ctx107" decimals="2" unitRef="ISO4217_EUR">3241.56</fi_met:mi53>
    <fi_met:mi53 contextRef="_ctx109" decimals="2" unitRef="ISO4217_EUR">3241.56</fi_met:mi53>
    <fi_met:mi53 contextRef="_ctx138" decimals="2" unitRef="ISO4217_EUR">383.59</fi_met:mi53>
    <fi_met:mi53 contextRef="_ctx140" decimals="2" unitRef="ISO4217_EUR">123.70</fi_met:mi53>
    <fi_met:mi53 contextRef="_ctx141" decimals="2" unitRef="ISO4217_EUR">1658.18</fi_met:mi53>
    <fi_met:mi53 contextRef="_ctx142" decimals="2" unitRef="ISO4217_EUR">2165.47</fi_met:mi53>
    <fi_met:mi53 contextRef="_ctx143" decimals="2" unitRef="ISO4217_EUR">2165.47</fi_met:mi53>
    <fi_met:mi53 contextRef="_ctx144" decimals="2" unitRef="ISO4217_EUR">5407.03</fi_met:mi53>
    <fi_met:md103 contextRef="_ctx2" decimals="2" unitRef="ISO4217_EUR">32058.81</fi_met:md103>
    <fi_met:md103 contextRef="_ctx5" decimals="2" unitRef="ISO4217_EUR">3085.54</fi_met:md103>
    <fi_met:md103 contextRef="_ctx7" decimals="2" unitRef="ISO4217_EUR">-1915.50</fi_met:md103>
    <fi_met:md103 contextRef="_ctx9" decimals="2" unitRef="ISO4217_EUR">-820.00</fi_met:md103>
    <fi_met:md103 contextRef="_ctx10" decimals="2" unitRef="ISO4217_EUR">-2735.50</fi_met:md103>
    <fi_met:md103 contextRef="_ctx11" decimals="2" unitRef="ISO4217_EUR">-1000.00</fi_met:md103>
    <fi_met:md103 contextRef="_ctx13" decimals="2" unitRef="ISO4217_EUR">86.50</fi_met:md103>
    <fi_met:md103 contextRef="_ctx14" decimals="2" unitRef="ISO4217_EUR">-12.80</fi_met:md103>
    <fi_met:md103 contextRef="_ctx15" decimals="2" unitRef="ISO4217_EUR">-926.30</fi_met:md103>
    <fi_met:md103 contextRef="_ctx20" decimals="2" unitRef="ISO4217_EUR">-27385.72</fi_met:md103>
    <fi_met:md103 contextRef="_ctx21" decimals="2" unitRef="ISO4217_EUR">4096.83</fi_met:md103>
    <fi_met:md103 contextRef="_ctx29" decimals="2" unitRef="ISO4217_EUR">5.31</fi_met:md103>
    <fi_met:md103 contextRef="_ctx34" decimals="2" unitRef="ISO4217_EUR">-5.00</fi_met:md103>
    <fi_met:md103 contextRef="_ctx35" decimals="2" unitRef="ISO4217_EUR">0.31</fi_met:md103>
    <fi_met:md103 contextRef="_ctx36" decimals="2" unitRef="ISO4217_EUR">4097.14</fi_met:md103>
    <fi_met:md103 contextRef="_ctx41" decimals="2" unitRef="ISO4217_EUR">-855.58</fi_met:md103>
    <fi_met:md103 contextRef="_ctx42" decimals="2" unitRef="ISO4217_EUR">3241.56</fi_met:md103>
</xbrl>
