SHARE REPURCHASE 16.06.2006

SHARE REPURCHASE 16.06.2006

In the Helsinki Stock Exchange

Trade date 16.06.2006
Bourse trade BUY
Share FUM1V
Amount 350.000 shares
Total cost 6.557.212,00 EUR
Average price/ share 18,7349 EUR
Highest price/ share 19,15 EUR
Lowest price/ share 18,38 EUR

Fortum Corporation now holds a total of 1.660.000 shares

including the shares repurchased on 16.06.2006.

On behalf of Fortum Corporation

NORDEA BANK FINLAND PLC

Petri Simberg Jari Villenheimo