Stock exchange release

Fortum shares subscribed for with share warrants

11 February 2008, 13:51 EET

The following new shares have been subscribed for with Fortum Corporation's share warrants:

| Name of scheme                        |  Subscription period |      Quantity |
| Share Option Scheme 2002B for key     |   24-31 January 2008 |        21,000 |
| employees                             |                      |               |

The corresponding increase in share capital has not yet been entered in the     
trade register.                                                                 

The intention is that the next time share subscriptions related to the Fortum   
Share Option Scheme 2002B are registered will be approximately on 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                                 

Helsinki Stock Exchange                                                         
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