Stock exchange release

Fortum's St. Petersburg Generation Company acquisition closed

20 October 2006, 9:41 EEST

Fortum Corporation Stock Exchange Announcement 20 October 2006

Fortum's St. Petersburg Generation Company acquisition closed Fortum has finalised its St. Petersburg Generating Company acquisition. With the acquisition, Fortum's share in the Russian Territorial Generation Company-1 will increase to slightly over 25 per cent. Stock exchange releases on the acquisition were published on 10 and 17 October 2006. Fortum Corporation Carola Teir-Lehtinen Senior Vice President, Corporate Communications Distribution: Helsinki Stock Exchange