Fortum issues EUR 1.5 billion dual tranche eurobonds

Fortum Corporation
Press release
17.3.2009

Fortum issues EUR 1.5 billion dual tranche eurobonds

Fortum Corporation has issued a EUR 750 million five-year and a EUR 750 million
ten-year eurobond under its EMTN (Euro Medium Term Note) programme. The
five-year bond carries a coupon of 4.625% and the ten-year bond 6%.

The bond offering was oversubscribed with a total order-book of approximately
EUR 6 billion.

The bonds will be listed on the Luxembourg Stock Exchange.

The proceeds of the offering will be used for general corporate and refinancing
purposes.

Barclays Capital, Deutsche Bank, Nordea Markets and Royal Bank of Scotland acted
as joint book-runners for the transaction.


Fortum Corporation
Corporate Communications


Further information:
Jan Seveborg, Group Treasurer, Fortum Corporation, tel.+358 10 45 29164
Jouni Huttunen, Head of Treasury Management, Fortum Corporation, tel. +358 10 45
24649