Stock exchange release


22 October 2007, 18:30 EEST

Fortum Corporation ANNOUNCEMENT 22.10.2007

SHARE REPURCHASE  22.10.2007                                                    

In the Helsinki Stock Exchange                                                  

Trade date              22.10.2007                                              
Bourse trade            BUY                                                     
Share                   FUM1V                                                   
Amount                  400.000               shares                            
Total cost              11.438.823,88         EUR                               
Average price/ share    28,5971               EUR                               
Highest price/ share    28,72                 EUR                               
Lowest price/ share     28,40                 EUR                               

Fortum Corporation now holds a total of 800.000 shares                          
including the shares repurchased on 22.10.2007.                                 

On behalf of Fortum Corporation                                                 

NORDEA BANK FINLAND PLC                                                         

Petri Simberg         Jarkko Järvinen