Stock exchange release

Fortum concludes the sale of its district heating business in Joensuu, Finland

10 January 2020, 14:35 EET

FORTUM CORPORATION STOCK EXCHANGE RELEASE 10 JANUARY 2020 AT 14:35 EET
Release category: Other information disclosed according to the rules of the Exchange

Fortum has today concluded the sale of its district heating business in Joensuu, Finland to Savon Voima Oyj, as announced on 20 December 2019.

The total consideration of the sale on a debt- and cash-free basis is approximately EUR 530 million. Fortum will record a tax exempt capital gain of approximately EUR 430 million in the City Solutions segment’s first-quarter 2020 results.

Fortum Corporation

Ingela Ulfves, VP, IR and Financial Communications

Further information:

Media:

Timo Piispa, Head of Heating & Cooling Finland, tel. +358 50 453 2758

Investors & analysts:

Ingela Ulfves, VP, IR and Financial Communications, tel. +358 40 5151 531
Måns Holmberg, Manager, IR and Financial Communications, tel. +358 44 518 1518
Rauno Tiihonen, IR Manager, tel. +358 10 453 6150

Distribution:

Nasdaq Helsinki
Main media
www.fortum.com