FORTUM CORPORATION STOCK EXCHANGE RELEASE 14 October 2015 at 13.30 EET
OKG AB's Extraordinary shareholders' meeting today decided to close the units 1 and 2 in Oskarshamn nuclear power plant in Sweden. The decision will not affect the operation of unit 3 in Oskarshamn, which is the biggest and newest unit.
The decision means that the modernization project of unit 2 will be discontinued, and the unit, which has been out of operation since June 2013, will not be returned into operation. The unit 1 will be will be taken out of operation and transferred into service mode after the required regulatory permits have been received.
Fortum estimated in its stock exchange release on 30 September 2015 that the closing of the units 1 and 2 before the end of their planned operational lifetimes will have one-time negative impact of approximately EUR 700 million on its third quarter 2015 net profit.
OKG AB is owned by E.ON, Fortum and Karlstad municipality (indirectly through one of Fortum's Swedish subsidiaries), with E.ON being the majority shareholder.
Senior Vice President, Corporate Communications
Media: Helena Aatinen, SVP, Corporate Communications, Fortum, tel. +358 10 45 20480
Analysts and investors: Rauno Tiihonen, Manager, Investor Relations, Fortum, tel. + 358 50 453 6150
Fortum’s purpose is to create energy that improves life for present and future generations. Fortum’s expertise is in CO2-free and efficient electricity and heat production. The company also offers energy-related products and expert services to private and industrial customers and energy producers. Fortum’s main areas of operation are the Nordic and the Baltic countries, Russia and Poland. In 2014, the annual sales (excluding the divested electricity distribution business) totalled EUR 4.1 billion, and comparable operating profit was EUR 1.1 billion. The company employs approximately 8,000 people. Fortum’s share is listed on Nasdaq Helsinki. www.fortum.com