Stock exchange release

Fortum shares subscribed for with share warrants

13 October 2005, 11:19 EEST

Fortum Corporation STOCK EXCHANGE ANNOUNCEMENT 13 September 2005

Fortum shares subscribed for with share warrants

The following shares have been subscribed for with Fortum Corporation's share
warrants in September 2005:

 Name of scheme                      Subscription period     Quantity      
 Management share option scheme 1999 9 September - 30        209,000       
                                     September 2005                        
 Share Option Scheme 2002A for key   9 September - 30        2,600         
 employees                           September 2005                        

The corresponding increase in share capital has not yet been entered in the trade

The next share subscriptions related to all of Fortum Corporation's option
schemes will be registered on or around 9 December 2005, when the trading of
shares subscribed for by the end of November 2005 will commence.

The previous time when Fortum Corporation's share capital was increased as a
result of share subscriptions based on the above option schemes was on 8
September 2005.

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

For further information, please contact:
Jouni Huttunen, tel. +358 10 452 4649


Helsinki Stock Exchange

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