Fortum shares subscribed for with share warrants

Fortum Corporation
Stock exchange announcement
24 March 2009 at 09:30 EET

Fortum shares subscribed for with share warrants

The following Fortum shares, subscribed for with Fortum Corporation's share
warrants and paid to the company, will be traded on the Main List of the NASDAQ
OMX Helsinki starting on 25 March 2009, together with the old shares.

--------------------------------------------------------------------------------
| Name of scheme                        |  Subscription period |      Quantity |
--------------------------------------------------------------------------------
| Share Option Scheme 2002B for key     |    16 January 2009 -  |       376,837
|
| employees                             |        17 March 2009 |               |
--------------------------------------------------------------------------------

The increase in share capital resulting from the share subscriptions, totalling
EUR 1,281,245.80, was entered in the Trade Register on 24 March 2009. Following
this increase, Fortum Corporation's share capital is EUR 3,045,502,967.80 and
the total number of shares is 888,166,167. Following the share subscriptions,
the shareholders' equity of Fortum Corporation increased by a total of EUR
1,281,245.80.

Identifiers of Fortum Corporation share on 25 March 2009:

Trading code: FUM1V
ISIN code: FI0009007132
Number of shares: 888,166,167

The next time share subscriptions are intended to be registered is approximately
on 8 May 2009, when the new shares subscribed for by 30 April 2009 will be
registered.

The subscription period for Share Option Scheme 2002B finishes 30 April 2009.


Fortum Corporation
Maria Romantschuk
Senior Vice President, Corporate Communications

Additional information:
Jouni Huttunen, Head of Treasury Management, +358 10 45 24649

Distribution:
NASDAQ OMX Helsinki
Key media
www.fortum.com