Changes in the management of Fortum's Russian business and appointment to the Fortum Management Team

Fortum Corporation
Stock Exchange Release
10 August 2009, 9:00 am

Changes in the management of Fortum's Russian business and appointment to the
Fortum Management Team

Alexander A Chuvaev, born 1960, has been appointed General Director of Fortum
Corporation's Russian subsidiary OAO Fortum, Executive Vice President of Fortum
Corporation and member of Fortum Corporation's Management Team as of 1 October
2009. Mr Chuvaev has a versatile international experience of the industry from
several managerial and executive positions. In his new position, Mr Chuvaev
will be in charge of all of Fortum's Russian operations. He reports to Fortum
Corporation's President and CEO Tapio Kuula.

The current General Director, Dmitry Novoselov, will leave the company on 13
August 2009 in order to pursue his career elsewhere. Eric Vekilov, Vice
President, Human Resources at OAO Fortum, has been appointed General Director
as of 14 August until the end of September. He reports to President and CEO
Tapio Kuula.

Risto Riekko, Chief Operating Officer at OAO Fortum, has been appointed Deputy
General Director as of 14 August 2009. He reports to the General Director of
OAO Fortum.

"I am very pleased to welcome Alexander Chuvaev to Fortum. His industry
expertise and extensive international experience provide an excellent starting
point for making our Russian businesses a successful part of Fortum," concludes
President and CEO Tapio Kuula.


Fortum Corporation
Maria Romantschuk
SVP, Corporate Communications

Further information:
Tapio Kuula, President and CEO, Fortum Corporation, +358 10 45 24112

Distribution:
NASDAQ OMX Helsinki
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www.fortum.com