Press release

Fortum concludes the divestment of its shareholding in AS Eesti Gaas

30 March 2016, 14:00 EEST


Fortum has today concluded the divestment of its 51.4%-shareholding in the
Estonian natural gas import, sales and distribution company AS Eesti Gaas.
Fortum announced on 23 February 2016 that it is selling its shareholding to
Trilini Energy OÜ. Fortum estimates to book a one-time pre-tax sales gain
totalling approximately EUR 12 million (currently corresponding to
approximately EUR 0.01 per share) in its first quarter 2016 results.

Fortum Corporation
Corporate Communications

Further information:
Investors: Sophie Jolly, Vice President, Investor Relations, +358 40 828 7317
Media: Pauliina Vuosio, Vice President, Financial Communications, +358 50 453

Read more:
Press release 23 Feb 2016: Fortum divests its shareholding in AS Eesti Gaas
Press release 1 July 2014: Fortum increases its shareholding in Estonian
Natural Gas companies AS Eesti Gaas and AS Võrguteenus Valdus - structuring for
eventual divestment

Fortum's vision is to be the forerunner in clean energy. We provide our
customers with electricity, heat and cooling as well as other energy solutions
that improve present and future life. Already 64% of our electricity generation
is CO2 free. Our main markets are the Nordic and the Baltic countries, Russia,
Poland and India. In 2015, we employed some 8,000 energy sector professionals,
and our sales were EUR 3.5 billion. Fortum's share is listed on Nasdaq