Fortum-RUSNANO wind investment fund has been awarded 1,000 MW wind capacity in Russian wind CSA auction

1,000 MW of the bids of the Fortum-RUSNANO wind investment fund were selected
in the Russian wind auction. Fortum's stake in the wind investment fund is 50%.
The bids are for projects to be commissioned during the years 2018-2022 with a
price corresponding to approximately EUR 115-135 per MWh. The projects will be
covered by Capacity Supply Agreements (CSA) for a period of 15 years.

The investments decisions will be made on a case-by-case basis within the total
mandate of the wind investment fund. Fortum’s equity stake in the wind
investment fund totals a maximum of RUB 15 billion (currently approximately EUR
240 million).

Fortum announced the establishment of the wind investment fund on 27 April 2017.

A total of 1,900 MW for the years 2018-2022 was available in the Russian wind
auctions held from 29 May to 9 June 2017. The bids in the auction totalled
2,491 MW.

Fortum Corporation
Måns Holmberg, Acting Head of Investor Relations and Financial Communications

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

Investor news on 27 April 2017: Fortum and RUSNANO establish investment
partnership to create possibility to capture CSA wind opportunity in Russia

Distribution:
Nasdaq Helsinki
Key media
www.fortum.com

Fortum
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