Stock exchange release

Fortum receives merger clearance for Uniper investment in the EU and Russia

15 June 2018, 17:15 EEST

FORTUM CORPORATION STOCK EXCHANGE RELEASE 15 JUNE 2018 AT 17.15 EEST

Fortum has today received an unconditional merger clearance decision from the European Commission under the EU Merger Regulation for the company’s investment in Uniper. In its decision, the Commission concluded the transaction would raise no competition concerns in the EU.

Fortum has also today received a merger clearance decision from the Russian Federal Antimonopoly Service (FAS) for up to 50% of shares and voting rights in Uniper. According to the FAS decision, Fortum shall commit not to make unjustified price increases on the wholesale electricity market. Fortum does not expect this obligation to have any material impact on its operations.

All the offer conditions of Fortum’s Public Takeover Offer (PTO) on Uniper have now been satisfied and Fortum can proceed with the closing of the PTO, which will take place latest on 27 June 2018.

Fortum Corporation

Ingela Ulfves
Vice President, Investor Relations and Financial Communications

Further information

Investors and analysts:

Ingela Ulfves, VP, IR and Financial Communications tel. +358 40 515 1531
Måns Holmberg, Manager, IR and Financial Communications tel. +358 44 518 1518
Rauno Tiihonen, Manager, Investor Relations, tel. +358 10 453 6150

Media:

Pauliina Vuosio, VP, Communications, Project Office tel. +358 50 453 2383
Christian Weyand, Brunswick Group, tel. +49 172 617 1677

Distribution

Nasdaq Helsinki
Key media
www.fortum.com