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Fortum divests its share in Karlskoga Energi & Miljö to the Karlskoga municipality

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Fortum Corporation                                                              
Press release                                                                   
1 February 2010                                                                 

Fortum divests its share in Karlskoga Energi & Miljö to the Karlskoga           
municipality                                                                    

Fortum has today signed an agreement according to which Fortum sells its 49%    
shareholding in Karlskoga Energi & Miljö to the Karlskoga municipality in Sweden
for SEK 435 million (approximately EUR 42 million).                             

Karlskoga Energi & Miljö operates in electricity distribution, combined heat and
power production, water supply and sewerage, waste management as well as        
broadband services. The divestment is in line with Fortum's strategy to         
concentrate on core business.                                                   

Karlskoga Energi & Miljö's annual revenues are approximately SEK 425 million    
(approximately EUR 41.5 million) and it employs 150 people. Fortum has been a   
shareholder in the company since 1998.                                          

Fortum Corporation                                                              
Corporate Communications                                                        

Further information: 
                                                           
Agneta Molinder, Communications Manager, Fortum Sweden, +46 7034 45332          
Anna Lidberg, Communications Manager, Fortum Distribution, +46 7021 59626

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