Stock exchange release

Notice to the Annual General Meeting of shareholders of Fortum Corporation

17 February 2009, 15:00 EET

Fortum Corporation Stock Exchange Release 17 February 2009, at 15.00 EET

NOTICE TO THE ANNUAL GENERAL MEETING OF SHAREHOLDERS OF FORTUM CORPORATION      

The shareholders of Fortum Corporation are invited to the Annual General Meeting
to be held on Tuesday, 7 April 2009 at 14:00 pm at Cable Factory's              
Merikaapelihalli, address: Tammasaarenlaituri, Entrance J, 00180 Helsinki. The  
reception of shareholders who have registered for the meeting will commence at  
13:00 pm.                                                                       


A. Matters on the agenda of the Annual General Meeting and the procedure 

1. Opening of the meeting 

2. Calling the meeting 

3. Election of persons to scrutinise the minutes and to supervise the counting
of votes 

4. Legality of the meeting 

5. Recording the attendance at the meeting and list of votes 

6. Presentation of the financial statements, consolidated financial statements, 
operating and financial review, the audit report and the statement of the       
Supervisory Board for the year 2008                                             

7. Adoption of the financial statements and consolidated financial statements 

8. Resolution on the use of the profit shown on the balance sheet and the
payment of dividend                             

The Board of Directors proposes that a dividend of EUR 1.00 per share be paid   
based on the adopted balance sheet for the financial year that ended on 31      
December 2008. The dividend will be paid to shareholders registered in the      
register of shareholders maintained by Euroclear Finland Ltd (former Finnish    
Central Securities Depository Ltd) on the record date for dividend payment, 14  
April 2009. The Board of Directors proposes that dividend will be paid on 21    
April 2009.                                                                     

9. Resolution on the discharge of the members of the Supervisory Board, the
Board of Directors and the Managing Director

10. Resolution on the remuneration of the members of the Supervisory Board 

11. Resolution on the number of members of the Supervisory Board               

12. Election of the chairman, the deputy chairman and the members of the       
Supervisory Board                                                               

13. Resolution on the remuneration of the members of the Board of Directors    

The Shareholders' Nomination Committee proposes that the fees to be paid to the 
members of the Board of Directors remain unchanged from 2008 and are as follows:
for the chairman, EUR 66,000 per year; for the deputy chairman, EUR 49,200 per  
year; and for each member, EUR 35,400 per year. In addition, a fee of EUR 600   
for each meeting of the Board of Directors and its committees is proposed. For  
Board members living outside Finland in Europe, the fee for each meeting is     
proposed to be doubled. Travel expenses of the members of the Board of Directors
shall be compensated for in accordance with the company's travel policy.        

14. Resolution on the number of members of the Board of Directors              
	                                                                              
The Shareholders' Nomination Committee proposes that the Board of Directors     
consist of seven (7) members.                                                   

15. Election of the chairman, deputy chairman and members of the Board of      
Directors                                                                       

The Shareholders' Nomination Committee proposes that the chairman Peter         
Fagernäs, deputy chairman Matti Lehti and members Esko Aho, Ilona               
Ervasti-Vaintola, Birgitta Johansson-Hedberg and Christian Ramm-Schmidt be      
re-elected and that Sari Baldauf be elected as a new member of the Board of     
Directors.                                                                      

Biographical details of Sari Baldauf are available on Fortum Corporation's      
website (www.fortum.com/agm).                                                   

16. Resolution on the remuneration of the auditor                              

On the recommendation of the Audit Committee, the Board of Directors proposes   
that the auditor's fee is paid pursuant to invoice approved by the company.     

17. Election of auditor                                                        

On the recommendation of the Audit Committee, the Board of Directors proposes   
that Deloitte & Touche Ltd, chartered accountants, is elected as the auditor.   


18. Proposal by the State of Finland to appoint Nomination Committee           

The State of Finland proposes that the Annual General Meeting resolve to appoint
a Nomination Committee to prepare proposals concerning Board members and their  
remuneration for the following Annual General Meeting. The Nomination Committee 
will consist of the representatives of the three main shareholders and, in      
addition, as expert members the chairman of the Board of Directors and one other
member, whom the Board of Directors has elected among its members and who is    
independent from the significant shareholders. The three shareholders whose     
share of the total votes of all the shares of the company is largest on the 2nd 
day of November preceding the Annual General Meeting will have the right to     
appoint the members representing the shareholders. Should a shareholder not wish
to use its right to nominate, this right will be passed on to the next biggest  
shareholder. The largest shareholders will be determined on the basis of the    
ownership information registered in the book-entry system. In case an owner is  
required under the Securities Markets Act to report certain changes in ownership
(when flagging by shareholder is required), for example when the ownership is   
distributed among various funds, the ownership will be counted as one holding,  
if the owner informs the Board in writing of this request no later than on 30   
October 2009.                                                                   

The Nomination Committee will be convened by the chairman of the Board of       
Directors, and the Committee will choose a chairman from among its own members. 

The Committee shall give its proposal to the Board of Directors of the company  
at the latest by the 1st of February preceding the Annual General Meeting.      
	                                                                            
B. Documents of the general meeting 

The proposals to the general meeting as well as this notice are available on    
Fortum Corporation's website (www.fortum.com/agm). The annual report of Fortum  
Corporation, including the company's financial statements, consolidated         
financial statements, operating and financial review, audit report and the      
statement of the Supervisory Board, is available on the above-mentioned website 
no later than 16 March 2009. The proposals to the general meeting and the       
financial statements are also available at the meeting. Copies of these         
documents and of this notice will be sent to shareholders upon request (please  
send an e-mail to [email protected] or telephone +358 (0) 10 452   
9151 between 10:00 am - 14:00 pm).                                              

C. Instructions for the participants in the general meeting 

1. The rights to participate and registration 

Each shareholder, who is registered on 27 March 2009 in the shareholders'       
register of the company held by Euroclear Finland Ltd (former Finnish Central   
Securities Depository Ltd), has the right to participate in the general meeting.
A shareholder, whose shares are registered on his/her personal book-entry       
account, is registered in the shareholders' register of the company.            

A shareholder, who wants to participate in the general meeting, shall register  
for the meeting no later than by 16:00 pm (Finnish time) on 1 April 2009.       
Registration can be done:                                                       

on the Fortum's website as of 18 February 2009 at www.fortum.com/agm;           
by phone +358 (0) 10 452 9460;                                                  
by fax +358 (0) 10 262 2727; or                                                 
by letter to Fortum Corporation, Corporate Legal Affairs/AGM, P.O. Box 1, 00048 
FORTUM, Finland.                                                                

Notifications must arrive by 16:00 pm (Finnish time) on 1 April 2009 at the     
latest.                                                                         
                                                                                
In connection with the registration, a shareholder shall notify his/her name,   
address, telephone number and the name of the possible assistant. In case       
shareholder uses the possibility to register via website he/she shall provide   
the identification information required by the service.                         
                                                                                
2. Proxy representative and powers of attorney 

A shareholder may participate in the general meeting and exercise his/her rights
at the meeting by way of proxy representation.                                  

Proxy documents should be delivered in originals to Fortum Corporation,         
Corporate Legal Affairs/AGM, P.O. Box 1, 00048 FORTUM, Finland before the last  
date and time for registration.                                                 

3. Holders of nominee registered shares 

A holder of nominee registered shares, who wants to participate in the general  
meeting, must be entered into the shareholders' register of the company on the  
record date, 27 March 2009, of the meeting.                                     

A holder of nominee registered shares is advised to request necessary           
instructions regarding the registration in the shareholders' register of the    
company, the issuing of proxy documents and registration for the general meeting
from his/her custodian banks. Further information on these matters can be found 
on the company's website www.fortum.com/agm.                                    

4. Other instructions and information 

On the date of this notice to the general meeting, 4 February 2009, the total   
number of shares in Fortum Corporation is 887,789,330 shares and 887,789,330    
votes.                                                                          

The Cable Factory can be reached by the underground (Ruoholahti station), by    
tram (number 8) and by several Espoo and Helsinki bus lines going via           
Ruoholahti. Shareholders arriving by car are advised to leave their cars in     
Ruoholahti shopping centre's EuroPark parking hall, where more detailed guidance
will be available. Tickets for paying the parking fee will be available from the
guides.                                                                         

Transportation from Ruoholahti shopping centre to the Cable Factory will be     
organised from 12:45 pm onwards.                                                


Espoo, 4 February 2009                                                          


FORTUM CORPORATION                                                              

Board of Directors