Fortum shares subscribed for with share warrants

-------------------------------------------------------------------------------- | Name of scheme | Subscription period | Quantity | -------------------------------------------------------------------------------- | Share Option Scheme 2002B for key | 11.9.-30.11.2007 | 474,132 | | employees | | | -------------------------------------------------------------------------------- The increase in share capital resulting from the share subscriptions, a total of EUR 1,612,048.80 was entered in the Trade Register on 10 December 2007. After this increase, Fortum Corporation's share capital is EUR 3,040,460,397.20 and the total number of shares is 892,593,058. Following the share subscriptions, the shareholders' equity of Fortum Corporation increased by a total of EUR 1,612,048.80. Identifiers of Fortum Corporation's share on 11 December 2007: Trading code: FUM1V ISIN code: FI0009007132 Number of shares: 892,593,058 The intention is that the next time share subscriptions related to the Fortum Share Option Scheme 2002B are registered will be approximately on 23 January 2008, when the new shares subscribed for by 15 January 2008 will be registered. After the registration in January, shares subscribed for with the options are planned to be registered next time on or around 17 March 2008, when the new shares subscribed for by 10 March 2008 will be registered. The shares subscribed for with options by 10 March 2008 at the latest are entitled to a dividend possibly paid for 2007 during the spring of 2008. The holders of these new shares are also entitled to participate in the Annual General Meeting in the spring of 2008 under the terms indicated in the notice to the shareholders' meeting. Fortum Corporation Maria Romantschuk Senior Vice President, Corporate Communications Distribution: Helsinki Stock Exchange Key media