Fortum Corporation STOCK EXCHANGE RELEASE
24 February 2004
NOTICE OF THE ANNUAL GENERAL MEETING OF SHAREHOLDERS
The shareholders of Fortum Corporation are invited to the Annual
General Meeting to be held on Thursday, 25 March 2004 at 1.00 pm,
at Finlandia Hall in Finlandia Hall (concert hall), address:
Mannerheimintie 13e, Helsinki. Entrance, Mannerheimintie door M4
and Karamzininkatu door K4. Registration of shareholders who have
notified the Company of their attendance will begin at 12.00 am.
The following items are on the agenda of the Annual General
1. Matters to be resolved by the Annual General Meeting pursuant
to Article 18 of the Articles of Association
2. A proposal to abolish the Supervisory Board made by the
shareholder, Mr. George Jauhiainen.
3. A proposal made by the shareholder, The State of Finland
represented by the Ministry of Trade and Industry, that the Annual
General Meeting would appoint a Nomination Committee to prepare
proposals concerning board members and their emoluments for the
following Annual General Meeting. The Nomination Committee would
consist of the representatives of a few biggest shareholders and
the Executive Chairman of the Board of Directors as an expert
member. Those shareholders, whose share of the total votes of all
the shares of the company is largest on December 1 preceding the
Annual General Meeting, are entitled to appoint the members
representing the shareholders. Nomination Committee would be
convened by the Executive Chairman of the Board of Directors and
the Committee would choose a chairman from among themselves.
Composition of the Board of Directors
Shareholders, who own more than 60 % of the total votes of all the
shares of the Company, have notified to the Board, that they will
propose to the Annual General Meeting that the present members of
the Board of Directors, executive chairman Peter Fagernäs, vice
chairman Heikki Pentti, Birgitta Kantola, Lasse Kurkilahti, Antti
Lagerroos and Erkki Virtanen will be re-elected to continue in
their office and Bachelor of Arts Birgitta Johansson-Hedberg will
be elected as a new member until the end of the following Annual
General Meeting. Candidates have given their consents to the
Birgitta Johansson-Hedberg, born 1947, has experience from the
financial sector, from the forest industry and from the publishing
business. She was the President and CEO of Foreningssparbanken
and before that Resident Director for Scandinavia in the Dutch
listed company Wolters Kluwer. She has been a member of the boards
of Skandia and Sveaskog and the chairman of Lindex. She is also a
member of Aktiemarknadsnämnden.
The Audit Committee of the Board recommends that the current
auditor PricewaterhouseCoopers Oy, who has given its consent, will
be re-elected to act as an auditor of the Company until the end of
the following Annual General Meeting.
The documents concerning the Company's financial statements will
be available for shareholders’ perusal from 15 March 2004 at
Fortum's head office, address Keilaniementie 1, 02150 Espoo. The
Company will send copies of these documents on request to
shareholders, and they can be ordered by telephone from +358 (0)10
452 9151 or by email from email@example.com.
From 15 March 2004 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 15 March 2004, 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 15 March 2004 to allow attendance at the Annual General
Shareholders wishing to attend the Annual General Meeting must
notify their attendance by 4.00 pm (Finnish time) on 17 March
- by telephone on +358 (0)10 452 9460,
- by fax on +358 (0)10 262 2727,
- by email on firstname.lastname@example.org, or
- by letter to Suvi Åkerblom, Fortum Corporation, P.O. Box 1, FIN-
00048 FORTUM, Finland.
Written notifications must arrive by 4.00 pm (Finnish time) on 17
Powers of attorney
Any powers of attorney should be delivered with the notification
so that they arrive by 4.00 pm (Finnish time) on 17 March 2004.
Payment of dividend
The Board of Directors proposes to the Annual General Meeting that
a dividend of EUR 0,42 per share be paid for the financial year
ending 31 December 2003. The dividend will be paid to shareholders
who, on the record date for dividend payment, 30 March 2004, 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 6 April 2004.
Espoo, 19 February 2004
The Board of Directors
Senior Vice President, Corporate Communications