Stock exchange release

Fortum shares subscribed for with share warrants

07 June 2006, 10:44 EEST

Fortum Corporation Stock Exchange Announcement 7 June 2006

Fortum shares subscribed for with share warrants

The following Fortum shares, subscribed for with Fortum Corporation's share
warrants and paid to the company, will be traded on the Main List of the Helsinki
Stock Exchange starting on 8 June 2006, together with the old shares.

 Name of scheme                  Subscription period   Quantity     
 Share Option Scheme 2001A for   21 March 2006 -       132,600      
 key employees                   31 May 2006                        
 Share Option Scheme 2001B for   21 March 2006 -       987,000      
 key employees                   31 May 2006                        
 Share Option Scheme 2002A for   21 March 2006 -       42,030       
 key employees                   31 May 2006                        

The increase in share capital resulting from the share subscriptions, a total of
EUR 3,949,542, was entered in the Trade Register on 7 June 2006. After the
increase, Fortum Corporation's share capital is EUR 3,001,206,707, and the total
number of shares is 882,707,855. Following the share subscriptions, the
shareholders' equity of Fortum Corporation increased by a total of EUR 3,949,542.

Identifiers of Fortum Corporation's share on 8 June 2006:
Trading code: FUM1V
ISIN code: FI0009007132
Number of shares: 882,707,855

The intention is that the next time share subscriptions related to Fortum
Corporation's option schemes will be registered is approximately on 8 September
2006, when new shares subscribed for by 31 August 2006 are registered.

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

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

Distribution:
Helsinki Stock Exchange
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