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 register. 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 2005. Fortum Corporation Carola Teir-Lehtinen Senior Vice President, Corporate Communications Further information: Jouni Huttunen, tel. +358 10 452 4649 Distribution: Helsinki Stock Exchange Key media