NOTICE OF ANNUAL GENERAL MEETING

Fortum Corporation STOCK EXCHANGE RELEASE
7 March 2003 at 8.00 a.m. 1 (1)



NOTICE OF ANNUAL GENERAL MEETING


The shareholders of Fortum Corporation are invited to the Annual
General Meeting, which will be held on Thursday, 27 March 2003, at
3.00 pm, at Finlandia Hall, in Congress Halls A and B, address:
Mannerheimintie 13 e, Helsinki, Finland. Entrance via doors M1 and
K1. Registration of shareholders who have notified the Company of
their attendance will begin at 2.00 pm.

The following items are on the agenda of the Annual General
Meeting:
Matters to be resolved by the Annual General Meeting pursuant to
Article 18 of the Articles of Association
Documents
The documents concerning the Company’s financial statements will
be available for shareholders’ perusal from 17 March 2003 at
Fortum’s head office, address Keilaniementie 1, FIN-02150 Espoo,
Finland. The Company will send copies of these documents on
request to shareholders, and they can be ordered by telephone from
+358 10 452 9151 or by email from juha.ahonen@fortum.com.

From 17 March 2003 information on the financial statements can
also be read on Fortum Corporation’s website (www.fortum.com).

Right to attend the Annual General Meeting
The shareholders who are registered with the register of
shareholders of the Company, maintained by the Finnish Central
Securities Depository Ltd, on 17 March 2003, are entitled to
attend the Annual General Meeting.

Shareholders who hold their shares under the name of a nominee can
be temporarily registered with the register of shareholders of the
Company on 17 March 2003 to allow attendance at the Annual General
Meeting.

Shareholders wishing to attend the Annual General Meeting must
notify their attendance by 4.00 pm (Finnish time) on 21 March
2003, either

- by telephone on +358 10 452 9460,

- by fax on +358 10 262 2727,

- by email on fortum.yhtiokokous@yhteyspalvelut.elisa.fi, or

- by letter to Suvi Åkerblom, Fortum Corporation, POB 1, FIN-00048

FORTUM, Finland.

Written notifications must arrive by 4.00 pm (Finnish time) on 21
March 2003.

Powers of attorney

Any powers of attorney should be delivered with the notification
so that they arrive by 4.00 pm (Finnish time) on 21 March 2003.

Payment of dividend
The Board of Directors proposes to the Annual General Meeting that
a dividend of EUR 0.31 per share be paid for the financial year
ending 31 December 2002. The dividend will be paid to shareholders
who, on the record date for dividend payment, 1 April 2003, are
registered with the register of shareholders of the Company,
maintained by the Finnish Central Securities Depository Ltd. The
Board of Directors proposes to the Annual General Meeting that the
dividend be paid on 8 April 2003.


Espoo, 25 February 2003

Fortum Corporation
Supervisory Board


Fortum Corporation
Carola Teir-Lehtinen
Senior Vice President, Corporate Communications


Distribution:

Helsinki Exchanges
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