Stock exchange release

The nominees for Fortum's Board of Directors for the year 2008

15 January 2008, 15:39 EET

The Annual General Meeting of Fortum Corporation's shareholders, held on 28     
March 2007, appointed a Shareholders' Nomination Committee consisting of        
representatives of the three largest shareholders to prepare proposals for the  
next Annual General Meeting (AGM) concerning Board members and their fees. In   
its meeting on 15 January 2008, the Shareholders' Nomination Committee decided  
to propose to the AGM, which is to be held 1 April 2008, that the following     
persons are elected to the Board of Directors:
Peter Fagernäs as chairman                                                      
Matti Lehti as deputy chairman                                                  
Esko Aho as member                                                              
Ilona Ervasti-Vaintola as member (new member)  
Birgitta Johansson-Hedberg as member                                            
Marianne Lie as member                                                          
Christian Ramm-Schmidt as member                                                

The Shareholders' Nomination Committee proposes to Fortum Corporation's AGM that
the following fees are paid to the members of Board:                            
Chairman, EUR 66,000/year 
Deputy chairman, EUR 49,200/year                                                
Member, EUR 35,400/year    
Meeting fee, EUR 600/meeting. The meeting fee is also paid for committee
meetings and is paid in double to a member who lives outside Finland in Europe.
Furthermore, travel expenses shall be compensated for in accordance with the
Company's travel policy. 

Fortum Corporation                                                              
Maria Romantschuk                                                               
Senior Vice President, Corporate Communications                                 
Further information:                                                            
Pekka Timonen, Chairman of the Shareholders' Nomination                         
Committee, tel. +358 (0)9 1602 3000 
Helsinki Stock Exchange                                                         
Key media                                                                                                                                

APPENDIX: CV                                                                    

Ilona Ervasti-Vaintola,                                                         
born 1951, LL.M., Trained on the bench                                          

Main occupation:                                                                
Sampo plc, Group Chief Counsel, Principal Attorney, Secretary of the Board of   
Directors of Sampo plc. Member of the Group Executive Committee.                

Primary work experience:                                                        
Mandatum Bank plc, Chief Counsel and member of the Board                        
Mandatum & Co Ltd, Director, Partner                                            
Union Bank of Finland Ltd, Head of Financial Law Department, Legal counsel      

Simultaneous positions of trust:                                                
Fiskars Corporation, member of the Board                                        
OMX Exchanges Ltd, member of the Board                                          
Finnish Literature Society, member of the Board                                 
Central Chamber of Commerce of Finland, Legal Committee, Chairman               
The Panel on Takeovers and Mergers at the Central Chamber of Commerce of        
Finland, Member