Stock exchange release

Fortum and Infratek combine their infrastructure operations

15 January 2009, 16:40 EET

Fortum Corporation
Stock Exchange Release
15 January 2009 at 16:40 EET

Fortum and Infratek combine their infrastructure operations Fortum receives a 33% stake in the enlarged Infratek ASA company The Norwegian Competition Authority has approved the deal by which Fortum and the Norwegian Infratek ASA combine their businesses of construction and operating of infrastructure in Sweden, Finland and Norway as of 15 January 2009. Fortum transfers its construction and operating of infrastructure as well as parts of it distribution network construction activities in Sweden into the new combined company. Fortum receives newly issued shares in Infratek ASA entitling to a 33% ownership in the enlarged company. Hafslund ASA holds 43.3% of the shares. The remaining shares are owned by institutional and private shareholders. The deal was approved by the Board of Directors of Fortum on 21 October 2008 and Hafslund Infratek ASA's Extraordinary General Meeting (EGM) on 22 December 2008. The EGM also approved to change the company name from Hafslund Infratek ASA to Infratek ASA. Fortum's stock exchange release on the agreement was published on 24 October 2008. Fortum Corporation Maria Romantschuk Senior Vice President, Corporate Communications Further information: Pekka Riala, Vice President, Fortum Service, +358 50 453 4610 Distribution: NASDAQ OMX Helsinki Key media