Increase in Price Range of Neste Oil Offering

Fortum Corporation STOCK EXCHANGE RELEASE 12 April 2005 at 8.00 am

Not for distribution into the United States

Increase in Price Range of Neste Oil Offering

Fortum Corporation has decided to raise the price range for the offering of
38,440,137 shares of Neste Oil Corporation from EUR 11 - 13 per share to EUR 13
-
15 per share.

Fortum Corporation will make the final decision on the execution of the
offering,
the number of shares to be sold, the offer price and the other terms and
conditions after the offering period in the institutional offering has ended,
which is expected to be on or around 15 April 2005.

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

For further information please contact:
Juha Laaksonen, CFO Fortum Corporation, tel. +358 10 452 4519

Distribution:

Helsinki Stock Exchange

Key media

The information contained herein is not for publication or distribution into the
United States. The material set forth herein is for informational purposes only
and is not intended, and should not be construed, as an offer of securities for
sale into the United States. The securities described herein have not been and
will not be registered under the U.S. Securities Act of 1933, as amended, or the
laws of any state, and may not be offered or sold within the United States,
except pursuant to an exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act and applicable state laws. There
is no intention to register any portion of the offering in the United States or
to conduct a public offering of securities in the United States.

The information contained herein shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of the securities
referred to herein, in any jurisdiction in which such offer, solicitation or
sale
would be unlawful prior to registration, exemption from registration or
qualification under the securities law of any such jurisdiction.

This document does not constitute an offer of securities to the public in the
United Kingdom. No prospectus has been or will be registered in the United
Kingdom in respect of the shares consequently the shares must not be sold or
offered for sale in the United Kingdom, except to persons whose ordinary
activities involve them in acquiring, holding, managing or disposing of
investments (as principal or agent) for the purposes of their business or whom
it
is reasonable to suppose will acquire, hold, manage or dispose of investments
(as
principal or agent) for the purposes of their business or otherwise in
circumstances which have not resulted and will not result in an offer to the
public in the United Kingdom within the meaning of the Public Offers of
Securities Regulations of 1995. This communication is made to or is directed at
persons who are (i) outside the United Kingdom or (ii) "investment
professionals"
under Article 19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2001 (the "Order") or (iii) "high net worth companies,
unincorporated associations etc." under Article 49(2)(a) to (d) of the Order
(together referred to as "relevant persons"). Any investments or services
referred to in this communication are offered only to relevant persons. This
communication should only be relied on by relevant persons.
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