Fortum shares subscribed for with share warrants

The following new shares have been subscribed for with Fortum Corporation's
share warrants:

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| Name of scheme                        |  Subscription period |      Quantity |
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| Share Option Scheme 2002B for key     |   24-31 January 2008 |        21,000 |
| employees                             |                      |               |
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The corresponding increase in share capital has not yet been entered in the
trade register.

The intention is that the next time share subscriptions related to the Fortum
Share Option Scheme 2002B are registered will be approximately on 17 March 2008,
when the new shares subscribed for by 10 March 2008 will be registered. The
shares subscribed for with options by 10 March 2008 at the latest are entitled
to a dividend possibly paid for 2007 during the spring of 2008. The holders of
these new shares are also entitled to participate in the Annual General Meeting
in the spring of 2008 under the terms indicated in the notice to the
shareholders' meeting.


Fortum Corporation
Maria Romantschuk
Senior Vice President, Corporate Communications

Distribution:
Helsinki Stock Exchange
Key media