Stock exchange release

Fortum shares subscribed for with share warrants

08 November 2005, 11:20 EET

Fortum Corporation Stock Exchange Announcement 8 November 2005

Fortum shares subscribed for with share warrants

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

 Option scheme                       Subscription period     Quantity      
 Share Option Scheme 2002A for key   1 October - 31 October  0             
 employees                           2005                                  
 Share Option Scheme 2001A for key   1 October - 31 October  8 500         
 employees                           2005                                  

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

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

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

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

Further information:
Jouni Huttunen, tel. +358 10 452 4649

Helsinki Stock Exchange
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