Stock exchange release

Fortum Corporation's Board of Directors' proposal to amend the Articles of Association

03 February 2010, 09:00 EET

Fortum Corporation Stock exchange release 3 February 2010 at 9.00 EET

Fortum Corporation's Board of Directors' proposal to amend the Articles of      
Association                                                                     

The Board of Directors of Fortum Corporation proposes to the Annual General     
Meeting of Shareholders to be held on 25 March 2010 that § 7 and § 18 of the    
Articles of Association be amended so that the statement given to the Annual    
General Meeting of Shareholders by the Supervisory Board shall, in addition to  
the financial statements and the auditor's report, refer also to the operating  
and financial review, and that § 14 of the Articles of Association be amended so
that the notice convening a General Meeting of Shareholders shall be delivered  
no more than three months and no less than three weeks before the General       
Meeting of Shareholders, however, at least nine days before the record date of  
the General Meeting of Shareholders, as defined in the Chapter 4, Section 2,    
Sub-section 2 of the Companies Act.                                             

After the amendment § 7 of the Articles of Association would read as follows:   

“The Supervisory Board shall:                                                   
- supervise the company's administration by the Board of Directors and the      
President;                                                                      
- give a statement to the Annual General Meeting of Shareholders concerning the 
financial statements, the operating and financial review and the auditor's      
report;                                                                         
- deal with proposals by the Board of Directors in matters concerning a         
substantial reduction or expansion of the company's operations or an essential  
change to the company's organisation.                                           

The Supervisory Board may give instructions to the Board of Directors in        
matters, which are far-reaching or important in principle.”                     

After the amendment §14 of the Articles of Association would read as follows:   

“14 § A notice convening the General Meeting of Shareholders is issued by the   
Board of Directors. The notice convening a General Meeting of Shareholders shall
be delivered no more than three months and no less than three weeks before the  
General Meeting of Shareholders by publishing the notice in two newspapers      
chosen by the Board of Directors. The notice shall be delivered, however, at    
least nine days before the record date of the General Meeting of Shareholders,  
as referred to in the Section 2, Sub-section 2 Chapter 4, of the Companies Act.”

After the amendment §18 of the Articles of Association would read as follows:   

Ҥ 18 At the Annual General Meeting of Shareholders:                            

the following shall be presented:                                               
1. the financial statements, which include the consolidated financial           
statements, and the operating and financial review;                             
2. the auditor's report;                                                        
3. the statement by the Supervisory Board concerning the financial statements,  
the operating and financial review and the auditor's report;                    

decisions shall be taken regarding the following:                               
4. adoption of the financial statements and consolidated financial statements;  
5. use of the profit shown in the balance sheet;                                
6. discharge from liability of the members of the Supervisory Board and the     
Board of Directors as well as the President and his Deputy, if any;             
7. remuneration for the members of the Supervisory Board and the Board of       
Directors and on remuneration for the auditor;                                  
8. the number of members on the Supervisory Board;                              
9. the number of members on the Board of Directors;                             

the following shall be elected:                                                 
10. the Chairman, Deputy Chairman and members of the Supervisory Board;         
11. the Chairman, Deputy Chairman and members of the Board of Directors; and    
12. the auditor; and                                                            

the following matters shall be dealt with:                                      
13. any other matters mentioned separately in the notice convening the meeting."

In Espoo, on 2 February 2010                                                    

Fortum Corporation                                                              
The Board of Directors                                                          

Distribution:                                                                   
NASDAQ OMX Helsinki                                                             
Key Media                                                                       
www.fortum.com