Stock exchange release

Fortum shares subscribed for with share warrants

23 January 2009, 12:00 EET

Fortum Corporation
Stock exchange announcement
23 January 2009 at 12:00 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 26 January 2009, together with the old shares. -------------------------------------------------------------------------------- | Name of scheme | Subscription period | Quantity | -------------------------------------------------------------------------------- | Share Option Scheme 2002B for key | 1 December 2008 - | 151,250 | | employees | 15 January 2009 | | -------------------------------------------------------------------------------- The increase in share capital resulting from the share subscriptions, totalling EUR 514,250.00, was entered in the Trade Register on 23 January 2009. Following this increase, Fortum Corporation's share capital is EUR 3,044,221,722.00 and the total number of shares is 887,789,330. Following the share subscriptions, the shareholders' equity of Fortum Corporation increased by a total of EUR 514,250.00. Identifiers of Fortum Corporation share on 26 January 2009: Trading code: FUM1V ISIN code: FI0009007132 Number of shares: 887,789,330 The intention is that the next time share subscriptions related to the Fortum Share Option Scheme 2002B are registered will be 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 2009 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. After March's registration the next time share subscriptions are intended to be registered is approximately on 8 May 2009, when the new shares subscribed for by 30 April 2009 will be registered. 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 www.fortum.com