Stock exchange release

Fortum shares subscribed for with share warrants

08 December 2008, 10:15 EET

Fortum Corporation
Stock exchange announcement
8.12.2008 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 NASDAQ OMX Helsinki starting on 9 December 2008, together with the old shares. -------------------------------------------------------------------------------- | Name of scheme | Subscription period | Quantity | -------------------------------------------------------------------------------- | Share Option Scheme 2002B for key | 9 September - | 120 650 | | employees | 28 November 2008 | | -------------------------------------------------------------------------------- The increase in share capital resulting from the share subscriptions, totalling EUR 410,210.00, was entered in the Trade Register on 8 December 2008. Following this increase, Fortum Corporation's share capital is EUR 3,043,707,472.00 and the total number of shares is 887,638,080. Following the share subscriptions, the shareholders' equity of Fortum Corporation increased by a total of EUR 410,210.00. Identifiers of Fortum Corporation share on 9 December 2008: Trading code: FUM1V ISIN code: FI0009007132 Number of shares: 887,638,080 The intention is that the next time share subscriptions related to the Fortum Share Option Scheme 2002B are registered will be approximately on 23 January 2009, when the new shares subscribed for by 15 January 2009 will be registered. After January's registration the next time share subscriptions are intended to be registered is approximately on 24 March 2009, when the new shares subscribed for by 17 March 2009 will be registered. The shares subscribed for with options by 17 March 2008 at the latest are entitled to a dividend possibly paid for 2008 during the spring of 2009. The holders of these new shares are also entitled to participate in the Annual General Meeting in the spring of 2009 under the terms indicated in the notice to the shareholders' meeting. The subscription period for Share Option Scheme 2002B finishes 30 April 2009. Fortum Corporation Maria Romantschuk Senior Vice President, Corporate Communications Additional information: Jouni Huttunen, Head of Treasury Management, +358 10 45 24649 Distribution: NASDAQ OMX Helsinki Key media