FORTUM ESTABLISHES A SEK 7,000,000,000 MEDIUM TERM NOTE PROGRAMME

Fortum Oyj has on 20 February 2003 established a bond programme (Medium Term Note Programme) of SEK 7,000,000,000 for the purpose of enabling the issue of bonds on the Swedish capital markets in Swedish krona and euro. The terms to maturity of the bonds can range from one to fifteen years.

 

Nordea has arranged the programme. The other dealers are: Danske Bank, Handelsbanken Capital Markets, SEB Merchant Banking, and Swedbank Markets.

 

The programme now established by Fortum Oyj replaces the SEK 7,000,000,000 programme in the name of Fortum Power and Heat AB.

 

 

Fortum Oyj

 

Carola Teir-Lehtinen

Senior Vice President, Corporate Communications

 

 

Distribution:

Helsinki Exchanges

Key media

 

 

Further information:

Seppo Viitanen, Group Treasurer, tel. +358 10 45 24477