Stock exchange release

FORTUM CORPORATION'S BOARD COMMITTEES

28 March 2007, 18:49 EEST

Fortum's Board of Directors has elected, from among its members, Peter Fagernäs
(Chairman), Esko Aho, Marianne Lie and Matti Lehti to the Nomination and
Compensation Committee.

Birgitta Kantola (Chairman), Birgitta Johansson-Hedberg and Christian Ramm-Schmidt were elected to the Audit Committee. Fortum Corporation Carola Teir-Lehtinen Senior Vice President, Corporate Communications Distribution: Helsinki Stock Exchange Key media www.fortum.com