Fortum longstanding executive Tapio Kuula passes away

FORTUM CORPORATION STOCK EXCHANGE RELEASE 9 NOVEMBER 2017 AT 13.00 EET

Member of the Board of Directors of Fortum Corporation Tapio Kuula has passed

away after a long illness. Kuula served on Fortum's management team as of 1997

and as President and CEO of the company in 2009-2015. In 2015 Fortum's Annual

General Meeting elected Tapio Kuula on the Board of Directors.



"Tapio Kuula was a prominent figure in the energy industry and leader who

renewed Fortum. Under his direction Fortum grew into one of the leading power

and heat companies in the Nordic countries and in the

neighbouring areas, as well as into a successful actor in the rapidly

developing Russian energy market", says Sari Baldauf, Chairman of the Board of

Fortum Corporation. "We remember Tapio Kuula as a respected and beloved leader

and colleague. On behalf of the whole company, I would like to express our

deepest condolences to his family."



Tapio Kuula was born in 1957. He held Master of Science degrees in both

engineering and economics.



Fortum Corporation



Sari Baldauf

Chairman of the Board



Further information:



Secretary to the Board of Directors, General Counsel Sirpa-Helena Sormunen tel.

+358 10 452 5350