Notice to the General Meeting of Shareholders of Fortum Corporation

The shareholders of Fortum Corporation are invited to the Annual General
Meeting to be held on Thursday, 31 March 2011, starting at 15:00 EET at
Finlandia Hall, address: Mannerheimintie 13 e, Helsinki, Finland. Entrance:
Mannerheimintie door M4 and Karamzininkatu door K4. The reception of
shareholders who have registered for the meeting will commence at 14:00 EET.

A. The general meeting will deal with the following matters on the agenda as
provided for by the Finnish Companies Act and the Articles of Association:

1. Opening of the meeting

2. Calling the meeting to order

3. Election of persons to scrutinise the minutes and to supervise the counting
of votes

4. Recording the legality of the meeting

5. Recording the attendance at the meeting and adoption of the list of votes

6. Presentation of the financial statements, the operating and financial
review, the auditor's report and the statement of the Supervisory Board for the
year 2010

• Review by the Managing Director

7. Adoption of the financial statements and consolidated financial statements

8. Resolution on the use of the profit shown on the balance sheet and the
payment of dividend

• The Board of Directors proposes that a dividend of EUR 1.00 per share be paid
based on the adopted balance sheet for the financial year that ended on 31
December 2010. The dividend shall be paid to the shareholders who on the record
date of the dividend payment, 5 April 2011, are recorded in the shareholders'
register held by Euroclear Finland Ltd. The Board of Directors proposes that
the dividend be paid on 12 April 2011.

9. Resolution on the discharge from liability of the members of the Supervisory
Board, the members of the Board of Directors and the Managing Director

10. Resolution on the remuneration of the members of the Supervisory Board

11. Resolution on the number of members of the Supervisory Board

12. Election of the chairman, the deputy chairman and the members of the
Supervisory Board

13. Resolution on the remuneration of the members of the Board of Directors

• The Shareholders' Nomination Committee proposes that the fees to be paid to
the members of the Board of Directors remain unchanged from 2010 and are as
follows: for the chairman, EUR 66,000 per year; for the deputy chairman, EUR
49,200 per year; and for each member, EUR 35,400 per year. In addition, a fee
of EUR 600 for each meeting of the Board of Directors and its committees is
proposed. For Board members living outside Finland in Europe, the fee for each
meeting is proposed to be doubled and for Board members living elsewhere
outside Finland, the fee for each meeting is proposed to be tripled. Travel
expenses of the members of the Board of Directors shall be compensated for in
accordance with the company's travel policy.

14. Resolution on the number of members of the Board of Directors

• The Shareholders' Nomination Committee proposes that the Board of Directors
shall consist of seven (7) members.

15. Election of the chairman, deputy chairman and members of the Board of
Directors

• The Shareholders' Nomination Committee proposes that Sari Baldauf be elected
as chairman and Christian Ramm-Schmidt as deputy chairman, and that members
Esko Aho, Ilona Ervasti-Vaintola and Joshua Larson be re-elected. Matti Lehti
and Birgitta Johansson-Hedberg have stated that they are no longer available
for election. The Shareholders' Nomination Committee proposes that Minoo
Akhtarzand and Heinz-Werner Binzel be elected as new members of the Board of
Directors.

Biographical details of Minoo Akhtarzand and Heinz-Werner Binzel are available
at Fortum Corporation's website www.fortum.com/agm.

16. Resolution on the remuneration of the auditor

• On the recommendation of the Audit and Risk Committee, the Board of Directors
proposes that the auditor's fee is paid pursuant to invoice approved by the
company.

17. Election of auditor

• On the recommendation of the Audit and Risk Committee, the Board of Directors
proposes that Deloitte & Touche Ltd, chartered public accountants, is elected
as the auditor and that the general meeting request the auditor to give a
statement on the adoption of the financial statements, the granting of
discharge from liability and the Board of Directors' proposal for distribution
of funds.


18. Proposal to dissolve the Supervisory Board and thereto relating proposal to
amend the Articles of Association

• The State of Finland and the Finnish Shareholders Association
(Osakesäästäjien Keskusliitto ry) propose that the company's Supervisory Board
be dissolved and that the required amendments be made to the company's Articles
of Association.

19. Proposal by the State of Finland to appoint a Nomination Board

• The State of Finland proposes that the general meeting resolve to appoint a
Nomination Board to prepare proposals concerning Board members and their
remuneration for the following annual general meeting. The Nomination Board
will consist of the representatives of the three main shareholders and, in
addition, as expert member the chairman of the Board of Directors. The three
shareholders whose shares represent the largest number of the votes of all
shares in the company on the 1st day of November preceding the annual general
meeting will have the right to appoint the members representing the
shareholders. Should a shareholder not wish to use its right to nominate, this
right will be passed on to the next biggest shareholder. The largest
shareholders will be determined on the basis of the ownership information
registered in the book-entry system. In case an owner is required under the
Securities Markets Act to report certain changes in ownership (when flagging by
shareholder is required), for example when the ownership is distributed among
various funds, the ownership will be counted as one holding if the owner so
requests by the Board of Directors in writing no later than on 28 October 2011.

The Nomination Board will be convened by the chairman of the Board of
Directors, and the Nomination Board will choose a chairman from among its own
members.

The Nomination Board shall give its proposal to the Board of Directors of the
company at the latest on 1 February preceding the annual general meeting.

B. Documents of the general meeting

The proposals for the decisions on the matters on the agenda as well as this
notice are available on Fortum Corporation's website (www.fortum.com/agm). The
annual report of Fortum Corporation, which includes the company's financial
statements, operating and financial review, audit report and the statement of
the Supervisory Board, is available on the above-mentioned website no later
than 10 March 2011. The proposals for decisions to the general meeting and the
other above-mentioned documents are also available at the meeting. Copies of
these documents and of this notice will be sent to shareholders upon request
(please send an e-mail to keilaniemi.postitus@fortum.com or telephone +358 (0)
10 452 9151 between 10:00 EET - 14:00 EET).

C. Instructions for the participants in the general meeting

1. Shareholders registered in the shareholders' register

Each shareholder who is registered on 21 March 2011 in the shareholders'
register of the company held by Euroclear Finland Ltd has the right to
participate in the general meeting. A shareholder whose shares are registered
on his/her personal Finnish book-entry account is registered in the
shareholders' register of the company.

A shareholder who is registered in the company's shareholders' register and who
wants to participate in the general meeting shall register for the meeting no
later than by 16:00 EET on 28 March 2011 by giving a prior notice of
registration, which shall be received by the company no later than on the
above-mentioned date. Registration can be done as of 4 February:

a) on Fortum's website www.fortum.com/agm;
b) by phone +358 (0) 10 452 9460 (on working days from 7:30 EET to 22:00 EET);
c) by fax +358 (0) 10 262 2727; or
d) by letter to Fortum Corporation, Corporate Legal Affairs/AGM, P.O. Box 1,
00048 FORTUM, Finland.

In connection with the registration, the shareholder shall notify his/her name,
personal identification number, address, telephone number and the name of a
possible assistant. In case the shareholder uses the possibility to register
via the website, he/she shall provide the identification information required
by the service.

The shareholder, his/her representative or proxy representative shall, where
necessary, be able to prove his/her identity and/or right of representation.

2. Holders of nominee registered shares

A holder of nominee registered shares has the right to participate in the
general meeting by virtue of such shares, based on which he/she, on the record
date of the general meeting, 21 March 2011, would be entitled to be registered
in the shareholders' register of the company held by Euroclear Finland Ltd. The
right to participate in the general meeting requires, in addition, that the
shareholder on the basis of such shares has been registered into the temporary
shareholders' register held by Euroclear Finland Ltd. at the latest by 10:00
EET (Finnish time) on 28 March 2011. For nominee registered shares, this
constitutes due registration for the general meeting.

A holder of nominee registered shares is advised to request well in advance the
necessary instructions regarding the temporary registration in the
shareholders' register, the issuing of proxy documents and registration for the
general meeting from his/her custodian bank. The account management
organisation of the custodian bank has to register a holder of the nominee
registered shares, who wants to participate in the general meeting, into the
temporary shareholders' register of the company at the latest by the time
stated above.

3. Proxy representative and powers of attorney

A shareholder may participate in the general meeting and exercise his/her
rights at the meeting by way of proxy representation.

A proxy representative shall produce a dated proxy document or otherwise in a
reliable manner demonstrate his/her right to represent the shareholder at the
general meeting. When a shareholder participates in the general meeting by
means of several proxy representatives representing the shareholder, the shares
by which each proxy representative represents the shareholder shall be
identified in connection with the registration for the general meeting.

Proxy documents should be delivered in originals to Fortum Corporation,
Corporate Legal Affairs/AGM, P.O. Box 1, 00048 FORTUM, Finland before the last
date and time for registration.

4. Other instructions and information

Pursuant to Chapter 5, Section 25 of the Companies Act, a shareholder who is
present at the general meeting has the right to request information with
respect to the matters to be considered at the meeting.

On the date of this notice to the general meeting, 1 February 2011, the total
number of shares in Fortum Corporation, and votes represented by such shares,
is 888,367,045.

Finlandia Hall can be reached by tram (numbers 4, 7 and 10; the stop at the
National Museum of Finland) and bus lines going via Mannerheimintie.
Shareholders arriving by car are advised to leave their cars in the parking
area (limited number of parking spaces available) behind Finlandia Hall. The
parking area can be accessed from Mannerheimintie via Karamzininkatu. Parking
spaces (3 places) for people with disabilities are available in front of
Finlandia Hall on the Mannerheimintie side. These parking spaces can be
accessed from Mannerheimintie by turning at the traffic sign for Villa
Hakasalmi.

In Espoo, 1 February 2011

Fortum Corporation
The Board of Directors

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