Stock exchange release

Fortum shares subscribed for with share warrants

14 March 2007, 12:14 EET

Fortum Corporation Stock exchange announcement 14 March 2007

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 15 March 2007, together with the old shares. Name of scheme Subscription period Quantity Share Option Scheme 2001A for key employees 24.1.-7.3.2007 157 100 Share Option Scheme 2001B for key employees 24.1.-7.3.2007 760 545 Share Option Scheme 2002A for key employees 24.1.-7.3.2007 87 200 Share Option Scheme 2002B for key employees 24.1.-7.3.2007 1 500 654 The increase in share capital resulting from the share subscriptions, a total of EUR 8 518 696.60, was entered in the Trade Register on 14 March 2007. After the increase, Fortum Corporation's share capital is EUR 3 033 973 506.60, and the total number of shares is 890 685 149. Following the share subscriptions, the shareholders' equity of Fortum Corporation increased by a total of EUR 8 518 696.60. The above-mentioned shares are entitled to a dividend possibly paid for 2006 during the spring of 2007. The holders of these new shares are also entitled to participate in the Annual General Meeting on 28 March 2007 under the terms indicated in the notice to the shareholder's meeting. Identifiers of Fortum Corporation's share on 15 March 2007: Trading code: FUM1V ISIN code: FI0009007132 Number of shares: 890,685,149 The intention is that the next time share subscriptions related to Fortum share option schemes are registered will be approximately on 9 May 2007, when the new shares subscribed for by 30 April 2007 will be registered. The subscription period of share option schemes 2001A, 2001B and 2002A will also end on 30 April 2007. Fortum Corporation Carola Teir-Lehtinen Senior Vice President, Corporate Communications Distribution: Helsinki Stock Exchange Key media