Anders Egelrud nominated Fortum Värme's Managing Director

Anders Egelrud has been appointed new Managing Director of AB Fortum Värme Holding (co-owned by Fortum and the City of Stockholm) as of April 1 2006. He is currently employed as Head of the greater Stockholm's district heating operations. The current Managing Director Åke Pettersson will continue as Senior Advisor and Member of the Board of Directors. "Anders Egelrud has long experience from various positions in the company and hence excellent possibilities to develop the business further. At the same time, we wish to thank Åke Pettersson for the outstanding work he has done for the company", says Fortum Corporation's Senior Vice President Tapio Kuula. Fortum Corporation Corporate Communications For more information: Tapio Kuula, Senior Vice President, Fortum Corporation, +358 10 45 24112 Börje Berglund, Chairman of the Board of Directors, AB Fortum Värme Holding, +46 70 535 4600

About Us

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. www.fortum.com

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