Stock exchange release

FORTUM ESPOO'S RELEASE: FORTUM ESPOO APPLIES FOR DELISTING OF ITS SHARE FROM THE

05 September 2006, 15:27 EEST

Fortum Corporation STOCK EXCHANGE RELEASE 5 September 2006

FORTUM ESPOO'S RELEASE: FORTUM ESPOO APPLIES FOR DELISTING OF ITS SHARE FROM THE MAIN LIST OF HELSINKI STOCK EXCHANGE Fortum Espoo Oyj, a subsidiary of Fortum Corporation, has today issued the stock exchange release attached below. Fortum Corporation Carola Teir-Lehtinen SVP, Corporate Communications For more information: SVP, Corporate Communications Carola Teir-Lehtinen, tel. +358 50 452 4118 Distribution: Helsinki Stock Exchange Key media APPENDIX FORTUM ESPOO OYJ STOCK EXCHANGE RELEASE 5 September 2006 FORTUM ESPOO APPLIES FOR DELISTING OF ITS SHARE FROM THE MAIN LIST OF HELSINKI STOCK EXCHANGE The Board of Directors of Fortum Espoo Oyj (Fortum Espoo) has today resolved to apply for a termination of trading in Fortum Espoo share and a delisting of the share from the Main List of Helsinki Stock Exchange. The application will be filed today with Helsinki Stock Exchange and consequently Fortum Espoo's share will be transferred to the surveillance list of Helsinki Stock Exchange. Fortum Corporation (Fortum) currently owns about 99,88 per cent of shares in Fortum Espoo and it has commenced with arbitration proceedings in accordance with the Finnish Companies Act to redeem remaining minority shares in Fortum Espoo. The Arbitration Court will handle Fortum's redemption right and a security required from Fortum in its session on 13 September 2006. Fortum Espoo applies that its share will be delisted from the Main List of Helsinki Stock Exchange when Fortum has obtained ownership to all outstanding shares in Fortum Espoo after the Arbitration Court has confirmed the redemption right and Fortum has deposited the required security. Fortum Espoo Oyj Timo Karttinen President and CEO For more information: Timo Karttinen, President and CEO, tel. +358 20 520 5800 Distribution: Helsinki Stock Exchange Key media