Stock exchange release

Redemption price for Fortum Espoo minority shares has been confirmed

01 December 2006, 8:15 EET

Fortum Corporation STOCK EXCHANGE RELEASE 1 December 2006

Redemption price for Fortum Espoo minority shares has been confirmed Fortum Corporation has received the award of the arbitration tribunal rendered on 30 November 2006 confirming that the redemption price per share in Fortum Espoo not held by Fortum is EUR 68.36 in accordance with Fortum's redemption offer. Interest is payable on the redemption price from 13 September 2006 until payment is made. The annual interest rate stands at 5%. Fortum Corporation Carola Teir-Lehtinen SVP, Corporate Communications Distribution: Helsinki Stock Exchange Key media