Bonds issued

​Fortum Oyj: EMTN programme of EUR 8 billion

Terms and conditions for these bonds issued under the EMTN-programme can be found on the Luxembourg Stock Exchange

Fortum Oyj's bonds or credit facilities do not include any financial covenants such as restrictions on the amount of debt or limits on ratios relating to interest cover or capitalisation.

The [notes listed above] have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States or to or for the account or benefit of U.S. persons except pursuant to an exception from such registration.