Annual General Meeting 2021

Each shareholder, who on the record date of the Annual General Meeting, 16 April 2021 is registered in the shareholders’ register of the company held by Euroclear Finland Oy, has the right to participate in the Annual General Meeting. A shareholder whose shares are registered on his/her personal Finnish book-entry account, is automatically registered in the shareholders' register of the company.

A shareholder who is registered in the shareholders' register of the company and wishes to participate in the Annual General Meeting shall both register for the meeting and vote in advance no later than by 4:00 p.m. (EEST) on 21 April 2021 by which time the registration and the advance votes must have been received.

Shareholders can register for the Annual General Meeting and vote in advance starting from Wednesday 7 April 2021 (9:00 a.m. EEST) in the following ways:

a) online;

b) by email or by regular mail.

A shareholder may submit the advance voting form available on this page or corresponding information to Euroclear Finland Oy by email to yhtiokokous@euroclear.eu, or by regular mail addressed to Euroclear Finland Oy, Yhtiökokous / Fortum Corporation, P.O. Box 1110, FI-00101 Helsinki.

If a shareholder participates in the Annual General Meeting by submitting the votes in advance to Euroclear Finland Oy, submission of the votes before the end of the registration and advance voting period constitutes due registration for the Annual General Meeting, provided that the form contains the information required for the registration.

When submitting the advance voting form, a representative or a proxy representative of the shareholder shall provide a dated proxy document or otherwise in a reliable manner demonstrate his/her right to represent the shareholder at the Annual General Meeting.

In connection with the registration, the shareholder shall provide the information requested. Any personal data provided to Fortum Corporation or Euroclear Finland Oy by a shareholder will only be used for the purpose of the Annual General Meeting and processing of the necessary registrations related to the Annual General Meeting. More information about the processing of personal data related to the Annual General Meeting is available in the privacy notice on this page.

A shareholder may participate in the Annual General Meeting and exercise his/her rights at the meeting also by way of third-party proxy representation. A proxy representative may also participate in the meeting only by means of voting in advance, or by making counterproposals and presenting questions in advance. A proxy representative shall provide a dated proxy document or otherwise in a reliable manner demonstrate his/her right to represent the shareholder at the Annual General Meeting. If a shareholder participates in the Annual General Meeting by means of several proxy representatives representing the shareholder with shares in different securities accounts, the shares with which each proxy representative represents the shareholder shall be identified in connection with the registration for the Annual General Meeting.

The proxy documents, if any, should be submitted to Euroclear Finland Oy by email to yhtiokokous@euroclear.eu, or by regular mail addressed to Euroclear Finland Oy, Yhtiökokous / Fortum Corporation, P.O.Box 1110, FI-00101 Helsinki no later than by the end of the registration period, by which time the proxy documents must have been received by Euroclear Finland Oy. Submission of the proxy document and the advance votes to Euroclear Finland Oy before the end of the registration and advance voting period constitutes due registration for the Annual General Meeting, provided that they contain the information required for the registration.

The shareholders may follow the Annual General Meeting online on this page. The shareholders following the AGM by these means are not considered to be participating in the meeting, which means that they do not have any shareholder rights, such as, the right to ask questions or the right to vote during the meeting. Thus this is not regarded as remote participation under the Finnish Limited Liability Companies Act, but as a mere possibility to follow the meeting online.

The videolink for following the AGM will be published on this page on the day of the Annual General Meeting, 28 April 2021 at the latest.

A shareholder may submit questions referred to in Chapter 5 Section 25 of the Finnish Limited Liability Companies Act on matters to be considered at the meeting by 14 April 2021 at 4:00 p.m. (EEST) by email to agm@fortum.com, or by regular mail addressed to Fortum Corporation, Corporate Legal Affairs / AGM, P.O. Box 100, 00048 FORTUM Finland. Such questions, the company’s management’s answers to the questions, and any counterpropsals that have not been placed for a vote will be available on this page on 19 April 2021 at the latest. In order to submit questions and counterproposals, the shareholder shall provide adequate evidence of the shareholding.

Changes in the Finnish law on withholding taxation of dividends paid to holders of nominee registered shares have entered into force and are applicable as of January 2021.

From the beginning of 2021, a withholding tax of 35% will, as a default, be applied to the dividend payments made on nominee registered shares. However, a lower withholding tax rate (e.g. 15 %) or exemption can be applied, if custodians registered with the Tax Administration’s Public Register of Authorised Intermediaries have advised of a lower withholding, based on the required additional specific shareholder related information collected by them.

Any tax withheld in excess can be reclaimed after the year of the dividend payment by submitting a refund application to the Finnish Tax Administration, either on paper (form for corporate entities here, and for individuals here), or electronically (pending updates).

You may also be able to receive a refund already during the year of the dividend payment via your registered custodian. Please contact your custodian for further information.

Additional information on withholding tax reclaims can be obtained from the Tax Administration either:

by e-mail whtreclaims@vero.fi (for corporations only); or

via the Tax Administration general telephone and chat helplines (for both individuals and corporations)

Please note that Fortum does not process withholding tax reclaims.

Dividends paid to Finnish tax resident holders of nominee registered shares may as of 2020 have been subject to withholding of 50% tax prepayment (ennakonpidätys). Any excess tax prepayment will be credited in the normal tax assessment process where the shareholder reports their dividend income to the Finnish Tax Administration.