TRADING OF FORTUM SHARES ON THE HELSINKI EXCHANGES COMMENCES TODAY

INCREASE OF FORTUM´S SHARE CAPITAL RELATING TO THE EMPLOYEE OFFERING REGISTERED

 

Trading of Fortum shares on the Helsinki Exchanges main list commences today. The insider register of Fortum will be held by the Finnish Central Securities Depository. Fortum will deliver the basic data for the register within two weeks, as regulated.

 

The Board of Directors of Fortum Corporation has accepted the subscriptions made in connection with the Employee Offering. The company´s share capital has been increased by FIM 40,000,000 through the issuance of 2,000,000 shares with a nominal value of FIM 20 each. Trading of the new shares on the Helsinki Exchanges main list will commence on June 17, 1999.

 

The company´s share capital has today been registered at FIM 15,695,652,700 and the number of shares at 784,782,635.

 

Fortum Corporation 

Antti Ruuskanen

Corporate Executive Vice President, Communications

 

DISTRIBUTION

Helsinki Exchanges

Key Media

 

The information contained herein is not for publication or distribution to persons in the United States of America. The securities referred to herein have not been and will not be registered under the US Securaties Act of 1993, as amended. The materials do not constitute an offer of securities for sale in the United States; the securities may not be offered or sold in the United States absent registration or an exemption from registration; and any public offering of securities to be made in the United States by means of a prospectus that may be obtained from the issuer or the selling holder ant that will contain detailed information about the company and management, as well as financial statements.