FORTUM CORPORATION: - SHARES SUBSCRIBED WITH OPTION RIGHTS

HELSINKI EXCHANGES TRADING NEWS PKV33/2003
Securities Trading 20 February 2003

FORTUM CORPORATION: - SHARES SUBSCRIBED WITH OPTION RIGHTS

A total of 15 600 Fortum Corporation's shares have been
subscribed with the Fortum Corporation's 1999 option rights.
The shares will be traded on the Helsinki Exchanges as old shares
as of 21 February 2003.

Identifiers of Fortum Corporation's share:

Trading code: FUM1V
ISIN code: FI0009007132
Number of shares: 845 775 555