Stock exchange release

Fortum's shareholders' nomination committee representatives

16 December 2004, 11:10 EET

Fortum Corporation Stock Exchange Release 1 (1) 16 December 2004

Fortum's shareholders' nomination committee representatives

Fortum's Annual General Meeting, held on 25 March 10042004, appointed a
established a Nomination Committee to prepare proposals concerning board members
and their emoluments for the following Annual General Meeting. The Nomination
Committee will consist of the representatives of three biggest shareholders and
the Chairman of the Board of Directors as an expert member.

The following persons have been appointed to Fortum's Shareholders' Nomination
Committee: Markku Tapio (Chairman), Director General, Ministry of Trade and
Industry; Kari Puro, President and CEO, Ilmarinen Mutual Pension Insurance
Company; and
Jorma Huuhtanen, Director General, Social Insurance Institution. The Chairman of
Fortum's Board of Directors Peter Fagernäs serves as the Committee's expert

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


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