Final result of Fortum's redemption offer for Fortum Espoo's shares

Fortum Corporation STOCK EXCHANGE RELEASE 1 September 2006


Final result of Fortum's redemption offer for Fortum Espoo's shares

The offer period of Fortum Corporation's (Fortum) redemption offer for the
shares of Fortum Espoo Oyj (Fortum Espoo) pursuant to Chapter 6, Section 6 of
the Finnish Securities Market Act has expired on 31 August 2006 in accordance
with the terms and conditions of the offer.

Fortum's holding in Fortum Espoo after the expiry of the redemption offer
period, taking into account all purchases by the expiry date, is a total of
15,610,381 shares representing about 99.88 % of shares issued by Fortum Espoo and of
votes attached to them.


Fortum Corporation
Carola Teir-Lehtinen
SVP, Corporate Communications


For more information:
SVP, Corporate Communications Carola Teir-Lehtinen, tel +358 50 452 4118


Distribution:
Fortum Espoo Oyj
Helsinki Stock Exchange
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