Stock exchange release

Fortum shares subscribed for with share warrants

08 September 2006, 10:53 EEST

Fortum Corporation STOCK EXCHANGE ANNOUNCEMENT 8 September 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 11 September 2006, together with the old shares.

 Name of scheme               Subscription period     Qty            
 Share Option Scheme 2001A    8 Jun 2006 - 31 Aug     81,100         
 for key employees            2006                                   
 Share Option Scheme 2001B    8 Jun 2006 - 31 Aug     466,400        
 for key employees            2006                                   
 Share Option Scheme 2002A    8 Jun 2006 - 31 Aug     18,650         
 for key employees            2006                                   

The increase in share capital resulting from the share subscriptions, a total of
EUR 1,924,910, was entered in the Trade Register on 8 September 2006. After this
increase, Fortum Corporation's share capital is EUR 3,003,131,617 and the total
number of shares is 883,274,005.  Following the share subscriptions, Fortum
Corporation's shareholders' equity increased by a total of EUR 1,924,910.

Identifiers of Fortum Corporation's share on 11 September 2006:
Trading code: FUM1V
ISIN code: FI0009007132
Number of shares: 883,274,005

The intention is that the share subscriptions related to Fortum Corporation's
option schemes will be registered next time approximately on 8 December 2006,
when new shares subscribed for by 30 November 2006 will be registered.

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

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

Helsinki Stock Exchange
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