FORTUM ESPOO'S RELEASE: FORTUM ESPOO APPLIES FOR DELISTING OF ITS SHARE FROM THE

Fortum Corporation STOCK EXCHANGE RELEASE 5 September 2006


FORTUM ESPOO'S RELEASE: FORTUM ESPOO APPLIES FOR DELISTING OF ITS SHARE FROM THE
MAIN LIST OF HELSINKI STOCK EXCHANGE

Fortum Espoo Oyj, a subsidiary of Fortum Corporation, has today issued the stock
exchange release attached below.



Fortum Corporation
Carola Teir-Lehtinen
SVP, Corporate Communications


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


Distribution:
Helsinki Stock Exchange
Key media


APPENDIX

FORTUM ESPOO OYJ STOCK EXCHANGE RELEASE 5 September 2006


FORTUM ESPOO APPLIES FOR DELISTING OF ITS SHARE FROM THE MAIN LIST OF HELSINKI
STOCK EXCHANGE

The Board of Directors of Fortum Espoo Oyj (Fortum Espoo) has today resolved
to apply for a termination of trading in Fortum Espoo share and a delisting of
the share from the Main List of Helsinki Stock Exchange. The application will
be filed today with Helsinki Stock Exchange and consequently Fortum Espoo's
share will be transferred to the surveillance list of Helsinki Stock Exchange.

Fortum Corporation (Fortum) currently owns about 99,88 per cent of shares
in Fortum Espoo and it has commenced with arbitration proceedings in accordance
with the Finnish Companies Act to redeem remaining minority shares in Fortum
Espoo. The Arbitration Court will handle Fortum's redemption right and a
security required from Fortum in its session on 13 September 2006.

Fortum Espoo applies that its share will be delisted from the Main List
of Helsinki Stock Exchange when Fortum has obtained ownership to all
outstanding shares in Fortum Espoo after the Arbitration Court has confirmed the
redemption right and Fortum has deposited the required security.


Fortum Espoo Oyj


Timo Karttinen
President and CEO


For more information:
Timo Karttinen, President and CEO, tel. +358 20 520 5800


Distribution:
Helsinki Stock Exchange
Key media