Starting June 1, 2004, the following persons have been appointed to the Corporate Center of Fortum’s Oil Sector and of the new oil company to be listed on the Helsinki Exchanges:


Vice President, Internal Audit: MSc (Econ) Rainer Frigren,


General Counsel: Master of Laws Matti Hautakangas,


Vice President, Development: MSc (Eng) Juha-Pekka Kekäläinen and


Vice President, Environment, Health and Safety: MSc Pekka Tuovinen.


All of these persons will report to Risto Rinne, President, Oil Sector.


Fortum Corporation         

Corporate Communications



Further information:

Risto Rinne                          +358 10 452 4990