Press release

Fortum renews its service offering to large electricity business customers

09 February 2010, 15:00 EET

Fortum Corporation Press release 9.2.2010

Fortum renews its service offering to large electricity business customers      

Fortum is planning to standardise the products and services it offers to large  
electricity business customers. The renewed product offering would be based on  
Nord Pool products while portfolio management services and tailor-made physical 
deliveries in the Nordic countries would be phased out over a transition period.
Fortum's products and services to consumers and small businesses remain         

Fortum Markets buys its electricity through Nord Pool and sells 2/3 of its      
volume to business customers. The planned reform of the business customer       
products and services follows the renewal of consumer products a year ago and is
part of Markets' extensive efficiency program. As a consequence, Fortum will    
begin statutory negotiations with personnel over the adjustments in operations  
that the plan would require. The estimated need for workforce reduction is at   
maximum 75 in Finland, Sweden and Norway.                                       

"Development in the well-functioning Nordic electricity market has led to the   
situation where large customers have direct access to electricity markets and   
are increasingly operating independently. Turning around our electricity sales  
also in the business customer segment requires renewing and simplifying our     
products as well as further increasing cost efficiency - just as we have        
successfully done in the consumer segment. We will now contact our customers and
discuss the way forward. It is also a priority for us to find the best possible 
outcome for all parties in the personnel negotiations," says Matti Saario, Vice 
President, Electricity Sales and Marketing at Fortum.                           

Fortum Corporation                                                              
Corporate Communications                                                        

Further information:                                                            
Matti Saario, Vice President, Electricity Sales and Marketing, 
tel. +358 400 405 344

Hanna Lohjelm, Vice President, Communications, Electricity Solutions and        
Distribution Division, tel. +46 70 353 20 40