DECISIONS BY THE ANNUAL GENERAL MEETING OF FORTUM

Fortum Corporation's Annual General Meeting, which was held in Helsinki on 28
March 2007, adopted the financial statements of the parent company and the Group
for 2006, discharged Fortum's Supervisory Board, Board of Directors and the
President and CEO from liability for 2006, and decided to pay a dividend of EUR
1.26 per share for 2006. Of this total dividend, EUR 0.73 per share is in
accordance with the Group's dividend policy and EUR 0.53 per share is additional
dividend proposed in order to steer Fortum's capital structure towards the
agreed target level. The record date for dividend payment is 2 April 2007 and
the dividend payment date is 11 April 2007.

Supervisory Board, Board of Directors and Auditor

The number of members of Fortum's Supervisory Board was confirmed to be 10. The
following persons were elected to the Supervisory Board: Timo Kalli (Chairman),
Rakel Hiltunen (Deputy Chairman), Kimmo Kiljunen, Jari Koskinen, Sirpa Paatero,
Oras Tynkkynen and Ben Zyskowicz, who are all Members of Parliament, as well as
Martti Alakoski, Member of the City Council of Kurikka, Lasse Hautala, Chairman
of the City Council of Kauhajoki and Mikko Immonen, Member of the Community
Council of Mynämäki. The Supervisory Board was elected until the end of the
following Annual General Meeting.

The Annual General Meeting confirmed the following remunerations for Supervisory
Board service:
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| Chairman                             | EUR 1,000/month                       |
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| Deputy chairman                      | EUR 600/month                       |
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| Member                               | EUR   500/month                       |
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| Meeting fee                          | EUR   200/meeting                     |
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The number of members in the Board of Directors was confirmed to be seven. The
following persons were re-elected to the Board of Directors: Peter Fagernäs
(Chairman), Birgitta Kantola (Deputy Chairman), Esko Aho, Birgitta
Johansson-Hedberg, Matti Lehti, Marianne Lie and Christian Ramm-Schmidt. The
Board of Directors was elected until the end of the following Annual General
Meeting.

The Annual General Meeting confirmed the following remuneration for Board
Service:

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| Chairman                             | EUR 55,000/year                       |
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| Deputy chairman                      | EUR 42,000/year                       |
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| Member                               | EUR 30,000/year                       |
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In addition, a EUR 500 meeting fee is paid. The meeting fee is also paid for
committee meetings and is paid in double to a member who lives outside Finland
in Europe.

Authorised Public Accountant Deloitte & Touche Oy was re-elected as auditor,
with CGR Mikael Paul having the principal responsibility.

Amendment of the Articles of Association

The Annual General Meeting of Shareholders resolved to amend the company's
present Articles of Association as follows:

The minimum and maximum capital requirements in Paragraph 3, sub-section 1 of
the Articles of Association shall be deleted.

Paragraph 4 of the Articles of Association shall be amended so that the
company's shares belong to the book-entry system in accordance with the
provisions of the Finnish Act on Book-Entry System. Other sections in the
paragraph shall be deleted.

Paragraphs 9 and 11 of the Articles of Association shall be amended so that
instead of signing for the company the term "representing the company" adopted
under the new Finnish Companies Act shall be used.

Paragraph 18, sub-section 1, point 1 of the Articles of Association shall be
amended so that at the Annual General Meeting of Shareholders the financial
statements, which include consolidated financial statements and the Operating
and Financial Review, shall be presented; and points 4 and 5 so that at the
Annual General Meeting of Shareholders the adoption of the financial statements
and consolidated financial statements as well as the use of the profit shown in
the balance sheet shall be decided on.

Paragraphs 19-32 of the Articles of the Association relating to redemption of
shares are proposed to be deleted since the Finnish Securities Markets Act
includes a corresponding mandatory provision.


Repurchase of the company's own shares

The Annual General Meeting authorised the Board of Directors to repurchase the
company's own shares with funds available for distribution of profit. The
authorisation is valid until the next Annual General Meeting.

The shares will be acquired in order to direct the capital structure of the
company towards the agreed target level.

The maximum amount of shares to be repurchased is 20 million. In addition, the
amount of consideration used for the acquisitions may not exceed EUR 300
million.

The shares will be repurchased through public trading of the securities on the
Helsinki Stock Exchange, which means that they will not be purchased in
proportion to the holdings of the shareholders. The acquisition price of the
shares must be based on the price of Fortum's share in public trading.

Shares repurchased by the company shall be cancelled through a separate decision
made by the Board of Directors.

Shareholders' Nomination Committee

The Annual General Meeting resolved to appoint a Nomination Committee to prepare
proposals concerning Board members and their remuneration for the following
Annual General Meeting. The Nomination Committee will consist of the Chairman of
the Board of Directors, acting as an expert member, and the representatives of
the three main shareholders. The three shareholders whose share of the total
votes of all the shares of the company is largest 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 the case of an owner
required by the Securities Markets Act to report certain changes in ownership
(flagging by shareholder required), ownership distributed among various funds,
for example, will be counted as one holding, should the owner inform the Board
in writing of this request no later than on 31 October 2007.

The Nomination Committee will be convened by the Chairman of the Board of
Directors, and the Committee will choose a chairman from among its own members.
The Committee shall give its proposal to the Board of Directors of the company
at the latest by the 1st of February preceding the Annual General Meeting.


The proposal by the shareholder George Jauhiainen to dissolve the Supervisory
Board was not accepted.

Fortum Corporation
Carola Teir-Lehtinen
Senior Vice President, Corporate
Communications
Distribution:
Helsinki Stock Exchange
Key media
www.fortum.com
APPENDIX: Members of the Board of Directors

PETER FAGERNÄS
Chairman, born 1952, Master of Laws

Main occupation:
Chairman of the Board of Oy Hermitage Ab and Managing Partner of Hermitage Co
Ltd

Primary work experience:
Chairman of the Board, Pohjola Group Plc
Chairman of the Board, Conventum Plc
CEO, Conventum Plc
Member of the Board, Merita Bank
CEO, Prospectus Oy
Various positions at Kansallis-Osake-Pankki

Simultaneous positions of trust:
Member of the Board of Finnlines Plc and Winpak Ltd., Canada

Independent member of Fortum's Board of Directors since 2004

BIRGITTA KANTOLA
Deputy Chairman, born 1948, Master of Laws

Main occupation:
Director

Primary work experience:
Executive Vice President (Finance), Nordic Investment Bank
Vice President and CFO, International
Finance Corporation, Washington D.C.

Simultaneous positions of trust:
Member of the Board of Akademiska Hus AB, Nordea Bank AB, StoraEnso Oyj, Varma
Mutual Pension Insurance Company, Vasakronan AB and Åbo Akademi

Independent member of Fortum's Board of Directors since 2001

ESKO AHO
Born 1954, Master of Political Sciences

Main occupation:
President of the Finnish National Fund for
Research and Development (Sitra)
Primary work experience:
Prime Minister of Finland 1991-1995
Member of Parliament 1983 -2003
Leader of the Centre Party 1990 -2002
Lecturer at Harvard 2000 -2001

Simultaneous positions of trust:
Chairman of a group of experts on European innovation policy 2005 -2006

Independent member of Fortum's Board of Directors since 2006

BIRGITTA JOHANSSON-HEDBERG
Born 1947, Bachelor of Art, Master of Psychology

Main occupation:
Director

Primary work experience:
President and CEO, Lantmännen
President and CEO, Föreningssparbanken
Resident Director for Scandinavia, Wolters Kluwer

Simultaneous positions of trust:
Member of the Board of Sveaskog, Chairman of the Board of the University of Umeå
and Member of Aktiemarknadsnämnden

Independent member of Fortum's Board of Directors since 2004

MATTI LEHTI
Born 1947, PhD (Econ)

Main occupation:
Chairman of the Board of TietoEnator Corporation

Primary work experience:
President and CEO and member of the Board, TietoEnator Corporation, Tietotehdas
Oy and TietoGroup
Deputy Managing Director, Rautakirja Oy

Simultaneous positions of trust:
Member of the Board of Pöyry Plc and Confederation of Finnish Industries EK,
Chairman of the Foundation for Economic Education, Vice Chairman of the Helsinki
School of Economics Foundation and Chancellor of the Helsinki School of
Economics

Independent member of Fortum's Board of Directors since 2005

MARIANNE LIE
Born 1962, Law and Political Science studies at the University of Oslo (UiO)

Main occupation:
Director General, Norwegian Shipowners Association (NSA)

Primary work experience:
Managing Director, Helsevakten Telemed AS, a company within the Umoe-Group
Managing Director, Vattenfall Norge AS
Director, Department of Information and Industrial Policy, NSA

Simultaneous positions of trust:
Chairman of the Board of Punkt Ø
Member of the Board of Kverneland ASA and Arendals Fossekompani ASA

Independent member of Fortum's Board of Directors since 2005

CHRISTIAN RAMM-SCHMIDT
Born 1946, B.Sc. (Econ.)

Main occupation:
Senior Partner of Merasco Capital Ltd.

Primary work experience:
President of Baltic Beverages Holding Ab (BBH)
President of Fazer Biscuits Ltd., Fazer Chocolates
Ltd., Fazer Confectionery Group Ltd.
Director, ISS ServiSystems Oy

Simultaneous positions of trust:
Chairman of the Board of Derbes Brewery (BBH), Kazakhstan
Member of the Board of Oy Chips Ab, Bang & Bonsomer Oy, Orkla CIS Holding Ltd,
Tradeka Group Ltd, MDC Education Group and Sarbast Plus Brewery (BBH),
Uzbekistan

Independent member of Fortum's Board of Directors since 2006