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

Fortum Oyj           Stock Exchange Release              10 November 2006

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

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

Fortum Corporation

Carola Teir-Lehtinen
Senior Vice President, Corporate Communications

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

Helsinki Stock Exchange
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Fortum is a leading clean-energy company that provides its customers with electricity, heating and cooling as well as smart solutions to improve resource efficiency. We want to engage our customers and society to join the change for a cleaner world. We employ some 9,000 professionals in the Nordic and Baltic countries, Russia, Poland and India. In 2017, our sales were EUR 4.5 billion. Fortum's share is listed on Nasdaq Helsinki.