Stock exchange release

Fortum shares subscribed for with share warrants

09 May 2008, 09:25 EEST

Fortum Corporation Stock exchange notice 9 May 2008, 9:25 EET

Fortum shares subscribed for with share warrants                                

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 OMX Nordic 
Exchange Helsinki starting on 12 May 2008, together with the old shares.        

| Name of scheme                        |  Subscription period |      Quantity |
| Share Option Scheme 2002B for key     |  18.3.2008-30.4.2008 |        68,850 |
| employees                             |                      |               |

The increase in share capital resulting from the share subscriptions, a total of
EUR 234,090.00, was entered in the Trade Register on 9 May 2008. After the      
increase, Fortum Corporation's share capital is EUR 3,042,188,906.20, and the   
total number of shares is 887,191,443. Following the share subscriptions, the   
shareholders' equity of Fortum Corporation increased by a total of EUR          

Identifiers of Fortum Corporation's share on 12 May 2008:                       

Trading code: FUM1V                                                             
ISIN code: FI0009007132                                                         
Number of shares: 887,191,443                                                   

The intention is that the next time share subscriptions related to the Fortum   
Share Option Scheme 2002B are registered will be approximately on 8 September   
2008, when the new shares subscribed for by 29 August 2008 will be registered.  

Fortum Corporation                                                              
Maria Romantschuk                                                               
Senior Vice President, Corporate Communications                                 

OMX Nordic Exchange Helsinki                                                    
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