SHARE REPURCHASE 31.10.2007

SHARE REPURCHASE 31.10.2007

In the Helsinki Stock Exchange

Trade date 31.10.2007
Bourse trade BUY
Share FUM1V
Amount 400.000 shares
Total cost 11.971.687,03 EUR
Average price/ share 29,9292 EUR
Highest price/ share 30,55 EUR
Lowest price/ share 29,60 EUR

Fortum Corporation now holds a total of 3.590.000 shares
including the shares repurchased on 31.10.2007.

On behalf of Fortum Corporation

NORDEA BANK FINLAND PLC

Petri Simberg Jarkko Järvinen