Fortum’s annual general meeting confirms dividend to be eur 0.31 per share

Fortum Corporation Stock Exchange Release
27 March 2003 at 6.30 pm 1(1)


FORTUM’S ANNUAL GENERAL MEETING CONFIRMS DIVIDEND TO BE EUR 0.31
PER SHARE

Fortum Corporation’s Annual General Meeting, which was held in
Helsinki on 27 March 2003, adopted the income statement and
balance sheet of the parent company and the Group for 2002,
discharged Fortum’s Supervisory Board, Board of Directors and the
President and CEO from liability for 2002, and decided to pay a
dividend of EUR 0.31 per share for 2002, or a total of EUR 262.2
million. The rest of the distributable equity will be carried over
to retained earnings. The record date for dividend payment is 1
April 2003 and the dividend will be paid on 8 April 2003.

The number of the members of Fortum’s Supervisory Board was
confirmed to be 13. The following persons were re-elected to the
Supervisory Board: Klaus Hellberg, Rakel Hiltunen, Harri Holkeri,
Jorma Huuhtanen, Mikko Immonen, Kimmo Kalela, Tanja Karpela, Leena
Luhtanen, Matti Vanhanen and Ben Zyskowicz. Satu Hassi, Kalevi
Lamminen and Juha Mikkilä were elected as new members. Leena
Luhtanen was elected as Chairman and Ben Zyskowicz as Deputy
Chairman of the Supervisory Board.

Authorised Public Accountant PricewaterhouseCoopers Oy was re-
elected as auditor.


Fortum Corporation


Carola Teir-Lehtinen
Senior Vice President, Corporate Communications


Distribution:
Helsinki Exchanges
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