Competition Authority's terms for Fortum's E.ON Finland acquisition now fulfilled

Stock Exchange Release

Fortum divests its Haapavesi power plant

Fortum sells its 154 MW peat-fired power plant in Haapavesi, Finland, to Kanteleen Voima Oy, which is owned by a group of regional energy companies. The divestment is one of the conditions set by the Finnish Competition Authority for the realisation of Fortum's E.ON Finland (now Fortum Espoo Oy) acquisition. The goal is to turn over the power plant to its new owner in the beginning of December. The employees of the power plant are offered a continuation of their employment at Kanteleen Voima.

Fortum has previously already fulfilled the other conditions set by the Competition Authority:
- Fortum has sold its combined heat and power plant in Hämeenlinna.
- Fortum has sold the equivalent of 1 TWh/a of constant generation capacity in the Finnish area. The delivery of the capacity begun on 1 November 2006 and will continue until 31 March 2011.
- Fortum has signed a lease contract over its 308 MW share of the Meri-Pori power plant. The lease will begin on 1 January 2007 and end on 30 June 2010.

Fortum will report on the fulfillment of the terms to the Competition Authority.

Fortum Corporation

Carola Teir-Lehtinen
Senior Vice President, Corporate Communications

Further information:
Mauri Hattunen, Vice President, Mergers and Acquisitions, tel. +358 50 45 29210

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Fortum’s purpose is to create energy that improves life for present and future generations. Catering to the versatile needs of our customers, we generate, distribute and sell electricity and heat, and offer related expert services. Our operations focus on the Nordic and Baltic countries, Russia and Poland. In 2013, Fortum’s sales totalled EUR 6.1 billion and comparable operating profit was EUR 1.6 billion. We employ approximately 8,800 people. Fortum’s shares are traded on the NASDAQ OMX Helsinki.