Fortum shares subscribed for with share warrants

Fortum Corporation
Stock exchange announcement
7.11.2008 at 8.45 EET


Fortum shares subscribed for with share warrants

The following new shares have been subscribed for with Fortum Corporation's
share warrants:

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| Name of scheme                        |  Subscription period |      Quantity |
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| Share Option Scheme 2002B for key     |     1 Oct. 2008-     |        28,100 |
| employees                             |     31 Oct. 2008     |               |
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The corresponding increase in share capital has not yet been entered in the
trade register.

The intention is that the next time share subscriptions related to the Fortum
Share Option Scheme 2002B are registered will be approximately on 8 December
2008, when the new shares subscribed for by 28 November 2008 will be registered.


Fortum Corporation
Maria Romantschuk
Senior Vice President, Corporate Communications

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

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