Stock exchange release

Fortum accelerates efforts to further improve the reliability of its grids

02 September 2005, 8:36 EEST

2 September 2005 at 8.35 am

Fortum accelerates efforts to further improve the reliability of its grids Fortum boosts the investments to further improve security of electricity supply to all of its Nordic customers in Sweden, Finland and Norway. A Reliability Program, stretching over a 5 year period, was kicked off today. The Program accelerates Fortum´s already planned grid investments to a total of 700 MEUR during the period. The Program´s first scheduled phase is 3 years long and the remaining part will be planned in more detail as experience from the first phase is being gained. Each country has its own prerequisites. Age as well as characteristics of the grids differs and activities as well as techniques will be adjusted accordingly. Thorough analyses have been made to ensure that effective solutions and projects are tailored to fit with the different requirements - both on an overall level and in the respective countries. "Already now our average grid availability is 99, 9% on a Nordic basis. With the help of this program we will reach our target to halve the present outage time for our customers by the end of 2011. Our ambitions are high and we believe they meet with our customers' expectations. However this also requires long-term regulation that steers development towards higher reliability", says SVP Christian Lundberg from Fortum. FORTUM CORPORATION Carola Teir-Lehtinen SVP, Corporate Communications For more information: Bengt Johansson, Vice President, Fortum Distribution, Sweden, +46 70 654 1197 Ari Koponen, Vice President, Fortum Distribution, Finland, +358 50 453 1254 Distribution: Helsinki Stock Exchange Key media