Fortum shares subscribed for with share warrants

Fortum Corporation Stock Exchange Announcement 7 June 2006

Fortum shares subscribed for with share warrants

The following Fortum shares, subscribed for with Fortum Corporation's share
warrants and paid to the company, will be traded on the Main List of the
Stock Exchange starting on 8 June 2006, together with the old shares.

Name of scheme Subscription period Quantity
Share Option Scheme 2001A for 21 March 2006 - 132,600
key employees 31 May 2006
Share Option Scheme 2001B for 21 March 2006 - 987,000
key employees 31 May 2006
Share Option Scheme 2002A for 21 March 2006 - 42,030
key employees 31 May 2006

The increase in share capital resulting from the share subscriptions, a total of
EUR 3,949,542, was entered in the Trade Register on 7 June 2006. After the
increase, Fortum Corporation's share capital is EUR 3,001,206,707, and the total
number of shares is 882,707,855. Following the share subscriptions, the
shareholders' equity of Fortum Corporation increased by a total of EUR

Identifiers of Fortum Corporation's share on 8 June 2006:
Trading code: FUM1V
ISIN code: FI0009007132
Number of shares: 882,707,855

The intention is that the next time share subscriptions related to Fortum
Corporation's option schemes will be registered is approximately on 8 September
2006, when new shares subscribed for by 31 August 2006 are registered.

Fortum Corporation
Carola Teir-Lehtinen
Senior Vice President, Corporate Communications

For further information, please contact:
Jouni Huttunen, tel. + 358 10 452 4649

Helsinki Stock Exchange
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