The nominees for Fortum's Board of Directors for the year 2006 The annual general meeting of Fortum Corporation's shareholders, held 31 March 2005, decided to name a shareholders' nomination committee consisting of representatives of the three largest shareholders and instructed them to prepare proposals for the next annual general meeting concerning Board members and their fees. The Board members for the next term proposed by the committee to Fortum's annual general meeting, which is to be held 16 March, are the following: The current board members that are nominated for re-election are Peter Fagernäs as chairman, Birgitta Kantola as vice-chairman and Birgitta Johansson-Hedberg, Matti Lehti and Marianne Lie as members of the Board. The nominations for new members are the President of the Finnish National Fund for Research and Development (Sitra), Mr. Esko Aho and the President of Baltic Beverages Holding AB, Mr. Christian Ramm-Schmidt. All the nominees have given their assent to the task. The proposed Board fees for 2006 Chairman EUR 55,000/year Vice-chairman EUR 42,000/year Member EUR 30,000/year Meeting fee *) EUR 500/meeting *) Applies also to the Board's committee meetings Travel expenses shall be compensated for in accordance with the Company's travel policy. Fortum Corporation Carola Teir-Lehtinen Senior Vice President, Corporate Communications Further information: Markku Tapio, Director, Ministry of Trade and Industry, tel. +358 (0)9 1606 3598 Distribution: Helsinki Stock Exchange Key media The nominees: Esko Aho, born 1954, Master of Political Sciences Esko Aho's career within Finnish society is long and impressive. Aho was elected Member of Parliament in 1993, and he was the leader of the Centre Party of Finland during 1990-2002. His career as an MP included being part of several important committees as well as in the Finnish delegations to the Nordic and European Councils. Aho was Finland's Prime Minister during 1991-1995. After running for president in 2000, Aho lectured at Harvard University for a year. When his parliamentary duties were concluded, he became a private consulting entrepreneur. He was elected President of The Finnish National Fund for Research and Development (Sitra) on July 1st, 2004. Christian Ramm-Schmidt, born 1946, B.Sc. (Econ.) Since the beginning of the 70's, Christian Ramm-Schmidt has held marketing and executive positions both within international and Finnish corporations. He gained his versatile experience at Rank-Xerox Oy, Reader's Digest Oy and Servi Systems Oy, among others. In 1994, he became the President of Fazer Keksit Oy, Fazer Suklaa Oy, and finally his areas of responsibility were extended to include Fazer's international candy sector. In 1997 he became the President of Baltic Beverages Holding AB (BBH), which has become the leading brewery business in Russia, the Ukraine, the Baltic countries and Kazakhstan, as well as one of the world's leading brewery corporations. Mr. Ramm-Schmidt has held many board positions, including seats in three listed companies.
Stock exchange release
The nominees for Fortum's Board of Directors for the year 2006
01 February 2006, 08:31 EET
Fortum Corporation STOCK EXCHANGE RELEASE 1 February 2006