Cooperation negotiations at Fortum's Inkoo power plant finalised

Fortum Corporation                                                              
Press release                                                                    
17.6.2009                                                                         

Cooperation negotiations at Fortum's Inkoo power plant finalised                

The cooperation negotiations initiated on 11 May 2009 concerning personnel      
reductions at Fortum's Inkoo power plant in Finland have been finalised. As a   
result, 8 employees will be made redundant.                                     

The negotiations involved a reduction of maximum 60 positions at the Inkoo power
plant. During the process, a retirement solution or a new position in Fortum    
could be found for majority of the employees under redundancy threat.           

The cooperation negotiations were initiated as Fortum is transferring two units 
out of four at the Inkoo power plant to extended start-up readiness resulting in
a reduced need of personnel.                                                    


Fortum Corporation                                                              
Corporate Communications                                                        


Further information:                                                            
Alpo Savikoski, Power Plant Manager, Inkoo power plant, tel. +358 50 4543702.