Sollentuna Energi plans participate in Fortum's new waste-fired combined heat and power plant in Sweden

Fortum Corporation
Press Release
15 October 2010

Sollentuna Energi plans participate in Fortum's new waste-fired combined heat
and power plant in Sweden

Fortum and Sollentuna Energi have signed "Terms of Agreement" according to
which Sollentuna Energi will participate with a 15%-share in Fortum's new
waste-fired combined heat and power plant (CHP) unit, Brista 2, to be built in
Sweden. As Sollentuna Energi is a municipal energy company, the agreement is
still subject to the final approval of the Sollentuna city council as well as
the Board of Directors of Sollentuna Energi. Fortum announced its investment
decision in September 2010.

The total estimated value of the investment is approximately EUR 200 million,
of which Fortum will carry 85% and Sollentuna Energi 15%. According to the
plan, Brista 2 will be ready for production in 2013 and its capacity will be 60
MW heat and 20 MW electricity, corresponding to the consumption of around
40,000 mid-sized Swedish households. Once completed, the new CHP unit will
secure the long-term district heating supply for the Sollentuna municipality.

"We are very pleased that Sollentuna Energi wants to become a partner in our new
power plant unit. Our cooperation with Sollentuna Energi has worked very well
for years for example in our already jointly-owned Akalla heat plant," says
Anders Egelrud, Managing Director of Fortum's heat business in Sweden.

The new unit will be able to process a total of 240,000 tons of household and
industrial waste per year. The fact that a large part of the required
infrastructure is already in place and the site is located in close proximity
to a waste treatment facility provides significant advantages from a regional
energy supply perspective. Work at the site is scheduled to begin already
during October 2010 and will employ around 200 persons over the next three
years. Once in operation, the facility will employ approximately 20 people.

"For quite some time, we've had the need to secure our long-term heat supply.
We are already buying our district heating from Fortum; now that they are
building a new unit in Brista, it makes sense for us to become a partner. A
close partnership including joint-ownership has worked very well for us," Gösta
Söderkvist, Managing Director of Sollentuna Energi.

The Brista 2 investment will contribute to sustainable resource management.
When the European Commission elected Stockholm as the European Green Capital
2010, it was partly thanks to the waste-to-heat and electricity production at
Högdalen CHP plant, owned and operated by Fortum.

Fortum Corporation
Corporate Communications

Additional information:
Jens Bjöörn, Head of Communications, Fortum Värme
Tel. +46 702 98 41 25