Stock exchange release

Fortum shares subscribed for with share warrants

17 March 2008, 9:42 EET

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 18 March 2008, together with the old shares.

-------------------------------------------------------------------------------- | Name of scheme | Subscription period | Quantity | -------------------------------------------------------------------------------- | Share Option Scheme 2002B for key | 24 January 2008 - | 186,933 | | employees | 10 | | | | March 2008 | | -------------------------------------------------------------------------------- The increase in share capital resulting from the share subscriptions, a total of EUR 635,572.20, was entered in the Trade Register on 17 March 2008. After the increase, Fortum Corporation's share capital is EUR 3,041,954,816.20, and the total number of shares is 887,122,593. Following the share subscriptions, the shareholders' equity of Fortum Corporation increased by a total of EUR 635,572.20. Identifiers of Fortum Corporation's share on 18 March 2008: Trading code: FUM1V ISIN code: FI0009007132 Number of shares: 887,122,593 The intention is that the next time share subscriptions related to the Fortum Share Option Scheme 2002B are registered will be approximately on 9 May 2008, when the new shares subscribed for by 30 April 2008 will be registered. Fortum Corporation Maria Romantschuk Senior Vice President, Corporate Communications Distribution: OMX Nordic Exchange Helsinki Key media