Stock exchange release

Decisions by the Annual General Meeting of Fortum subsidiary TGC-10's Annual General Meeting

30 May 2008, 8:40 EEST

Fortum Corporation
Stock exchange release
30 May 2008 at 8.40 EET

Decisions by the Annual General Meeting of Fortum subsidiary TGC-10's Annual General Meeting The Annual General Meeting of Fortum's Russian subsidiary JSC “TGC-10” was held on 30 May 2008 in Chelyabinsk, Russia. The Annual General Meeting of JSC “TGC-10” approved the annual report and financial statements for the financial year 2007 and the allocation of profits and decided not to pay dividend on ordinary shares of the Company based on 2007 results totaling 10.0 million rubles (10,035 thousand rubles or approximately EUR 270 thousand). The Annual General Meeting elected the following persons to the Board of Directors of JSC “TGC-10”: Tapio Kuula, Senior Vice President, Fortum Corporation Mikael Lilius, President and CEO, Fortum Corporation Juha Laaksonen, CFO, Fortum Corporation Kari Kautinen, Vice President, Fortum Corporation Risto Riekko, Senior Advisor, Fortum Corporation Irja Vekkilä, Vice President, Fortum Corporation Aleksandr Chikunov, Member of the Management Board, Managing Director, BU-1, RAO UESR Grigory Dudarev, Managing Director, Avanko Oy Andrey Shishkin, General Director, JSC TGC-10 Petr Erohin, Member of the Management Board, General Director of the Urals Branch of JSC "System Operator" Aleksandr Shohin, President of All-Russian public organization “Russian Association of Industrials and Entrepreneurs” ZAO "KPMG" was elected as auditor. The annual report of JSC “TGC-10” is available on the Company's website in Russian and English: www.tgc10.ru. Further details on the decisions of the Annual General Meeting of shareholders of JSC “TGC-10” will be disclosed by the Company after the preparation of the minutes of the meeting as stipulated by Russian legislation. Fortum Corporation Maria Romantschuk Senior Vice President, Corporate Communications Distribution: OMX Nordic Exchange Helsinki Key media www.fortum.com