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
Helsinki Stock Exchange starting on 11 December 2007, together with the old
shares.

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| Name of scheme                        | Subscription period  | Quantity      |
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| Share Option Scheme 2002B for key     | 11.9.-30.11.2007     | 474,132       |
| employees                             |                      |               |
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The increase in share capital resulting from the share subscriptions, a total of
EUR 1,612,048.80 was entered in the Trade Register on 10 December 2007. After
this increase, Fortum Corporation's share capital is EUR 3,040,460,397.20 and
the total number of shares is 892,593,058. Following the share subscriptions,
the shareholders' equity of Fortum Corporation increased by a total of EUR
1,612,048.80.

Identifiers of Fortum Corporation's share on 11 December 2007:

Trading code: FUM1V
ISIN code: FI0009007132
Number of shares: 892,593,058

The intention is that the next time share subscriptions related to the Fortum
Share Option Scheme 2002B are registered will be approximately on 23 January
2008, when the new shares subscribed for by 15 January 2008 will be registered.

After the registration in January, shares subscribed for with the options are
planned to be registered next time on or around 17 March 2008, when the new
shares subscribed for by 10 March 2008 will be registered. The shares subscribed
for with options by 10 March 2008 at the latest are entitled to a dividend
possibly paid for 2007 during the spring of 2008. The holders of these new
shares are also entitled to participate in the Annual General Meeting in the
spring of 2008 under the terms indicated in the notice to the shareholders'
meeting.

Fortum Corporation
Maria Romantschuk
Senior Vice President, Corporate Communications

Distribution:
Helsinki Stock Exchange
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