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Stock exchange release

Mikael Rönnblad appointed Executive Vice President, Consumer Solutions

20 March 2017, 12:15 EET

FORTUM CORPORATION STOCK EXCHANGE RELEASE 20 MARCH 2017 AT 12.15 EET

Mikael Rönnblad, M.Sc. (Econ.), 47, has been appointed Executive Vice President, Consumer Solutions and member of Fortum’s Executive Management starting on 15 June 2017 at the latest. He will report to the President and CEO. Mr. Rönnblad will have the overall responsibility for Fortum's consumer business, including the development of new solutions and business models.

Consumer Solutions will comprise electricity sales, as well as certain consumer business related parts of the current Technology and New Ventures unit.

Mikael Rönnblad has been working for Elisa, a Finnish telecommunications, ICT and online service company, for more than 13 years in various positions, most recently as Consumer Customers Executive Board Member leading Digital Services Businesses.

"Mikael is ambitious and commercially oriented with 20 years of strategy execution and international leadership experience in digital services and equity markets. He has a strong track record and proven ability to form customer‐appealing business strategies and offerings as well as to lead international teams and operations through challenging transformation phases. I wish Mikael warmly welcome to Fortum, our Executive Management Team and to the energy sector," says Pekka Lundmark, Fortum’s President and CEO.

Fortum Corporation

Sophie Jolly, Vice President, Investor Relations and Financial Communications

Additional information:

Pekka Lundmark, President and CEO Call-back requests tel. +358 10 452 4112

Distribution:

Nasdaq Helsinki Key media www.fortum.com

Fortum Fortum is a leading clean-energy company that provides its customers with electricity, heating and cooling as well as smart solutions to improve resource efficiency. We want to engage our customers and society to join the change for a cleaner world. We employ some 8,000 professionals in the Nordic and Baltic countries, Russia, Poland and India, and 62% of our electricity generation is CO2 free. In 2016, our sales were EUR 3.6 billion. Fortum's share is listed on Nasdaq Helsinki. www.fortum.com