Fortum comments on discussions in the Finnish media on the valuation of its Russian subsidiary TGC-10

Fortum Corporation
Stock exchange release
22 April 2009 at 17.00 EET


Fortum comments on discussions in the Finnish media on the valuation of its
Russian subsidiary TGC-10

There have been active discussions in the Finnish media speculating that Fortum
would have to make write-downs on the asset value of its Russian subsidiary
TGC-10.

Fortum applies international financial reporting standards (IFRS) in its
financial statements. Accordingly, asset's carrying amounts booked in the
balance sheet are tested against its recoverable amount, which is based on
future discounted cash flow estimates. In Fortum's financial statements bulletin
for 2008, issued on 5 February 2009, the carrying amounts in the balance sheet
were tested according to IFRS.

Fortum has no new information that would have prompted it to change the balance
sheet values (carrying amounts) of its Russian assets since February, excluding
normal currency fluctuations. The power market reform in Russia has proceeded
according to plan. Furthermore, TGC-10's business and the company's integration
to Fortum have also proceeded as planned.


Fortum Corporation
Maria Romantschuk
SVP, Corporate Communications

Further information:
Mika Paloranta, Vice President, IR, tel. +358 50 4524138

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