Fortum shares subscribed for with share warrants

Fortum Corporation STOCK EXCHANGE ANNOUNCEMENT 13 September 2005

Fortum shares subscribed for with share warrants


The following shares have been subscribed for with Fortum Corporation's share
warrants in September 2005:

Name of scheme Subscription period Quantity
Management share option scheme 1999 9 September - 30 209,000
September 2005
Share Option Scheme 2002A for key 9 September - 30 2,600
employees September 2005

The corresponding increase in share capital has not yet been entered in the
trade
register.

The next share subscriptions related to all of Fortum Corporation's option
schemes will be registered on or around 9 December 2005, when the trading of
shares subscribed for by the end of November 2005 will commence.

The previous time when Fortum Corporation's share capital was increased as a
result of share subscriptions based on the above option schemes was on 8
September 2005.

Fortum Corporation
Carola Teir-Lehtinen
Senior Vice President, Corporate Communications

For further information, please contact:
Jouni Huttunen, tel. +358 10 452 4649


Distribution:

Helsinki Stock Exchange

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