Investor news

Fortum sells its gas infrastructure assets in Poland to Infracapital

26 May 2017, 09:00 EEST


Fortum has agreed to sell 100% of its shares in Polish gas infrastructure
company DUON Dystrybucja S.A. to Infracapital, the infrastructure investment
arm of M&G Investments. Fortum continuously optimises its asset portfolio and
has chosen to divest the gas infrastructure assets as they are non-core for
Fortum's strategy.

DUON Dystrybucja S.A. is transporting grid gas and LNG in Poland. The company
was acquired as part of the acquisition of the electricity and gas sales
company Grupa DUON S.A. (currently Fortum Markets Polska S.A.) in 2016
(announced on 8 January 2016).

The transaction is subject to regulatory approvals and customary closing
conditions. Fortum expects to finalise the transaction during the third quarter
2017. The parties have agreed not to disclose the sales price. The sale is
expected to have a minor positive impact on Fortum's results.

Fortum Corporation

Sophie Jolly, Vice President, Investor Relations and Financial Communications

Further information:
Investor Relations & Financial Communications, Sophie Jolly, tel. +358 10 453
2552, Rauno Tiihonen, tel. +358 10 453 6150, Måns Holmberg, tel. +358 44 518
1518, Pirjo Lifländer +358 40 643 3317, and investors [at] fortum [dot] com

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.