Banks for the Fortum Oil separation appointed

Fortum Corporation has appointed Morgan Stanley & Co. International Limited ("Morgan Stanley") as the Global Coordinator for the separation of Fortum Oil Oy (to be renamed Neste Oil Corporation). This separation is subject to approval of Fortum Corporation's Annual General Meeting. In addition, ABN AMRO Rotschild, Merril Lynch, Morgan Stanley and Nordea Fortum Corporation have been appointed Joint-Bookrunners for the sale of shares.



Fortum Corporation

Corporate Communications


For further information please contact

Carola Teir-Lehtinen, Senior Vice President, Corporate Communications, tel. +358 10 452 4118

Juha Laaksonen, CFO, tel. +358 10 452 4519




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The information contained herein is not for publication or distribution into the United States. The material set forth herein is for informational purposes only and is not intended, and should not be construed, as an offer of securities for sale into the United States. The securities described herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or the laws of any state, and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state laws. There is no intention to register any portion of the offering in the United States or to conduct a public offering of securities in the United States.


 The information contained herein shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities referred to herein, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities law of any such jurisdiction.