Stock exchange release

Fortum shares subscribed for with share warrants

08 September 2008, 10:16 EEST

Fortum Corporation Stock exchange announcement 8.9.2008 at 10.15 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 the OMX    
Nordic Exchange Helsinki starting on 9 September 2008, together with the old    

| Name of scheme                        |  Subscription period |      Quantity |
| Share Option Scheme 2002B for key     |  12.5.2008-29.8.2008 |       325,987 |
| employees                             |                      |               |

The increase in share capital resulting from the share subscriptions, totalling 
1,108,355.80 EUR, was entered in the Trade Register on 8 September 2008.        
Following this increase, Fortum Corporation's share capital is EUR              
3,043,297,262.00 and the total number of shares is 887,517,430. Following the   
share subscriptions, the shareholders' equity of Fortum Corporation increased by
a total of EUR 1,108,355.80.                                                    

Identifiers of Fortum Corporation share on 9 September 2008:                    

Trading code: FUM1V                                                             
ISIN code: FI0009007132                                                         
Number of shares: 887,517,430                                                   

The intention is that the next time share subscriptions related to the Fortum   
Share Option Scheme 2002B are registered will be approximately on 8 December    
2008, when the new shares subscribed for by 28 November 2008 will be registered.

Fortum Corporation                                                              
Maria Romantschuk                                                               
Senior Vice President, Corporate Communications
Further information:                                                            
Jouni Huttunen, Head of Treasury Management, +358 10 45 24649                   

OMX Nordic Exchange Helsinki                                                    
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