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