Fortum's Russian subsidiary TGC-10 de-listed from the MICEX

Fortum Corporation                                                              
Stock exchange release                                                          
22.10.2008 at 9.15 EET 

Fortum's Russian subsidiary TGC-10 de-listed from the MICEX                     

Following the rules and regulations of the MICEX Stock Exchange, Fortum         
Corporation's Russian subsidiary, Territorial Generating Company No. 10 (TGC-10)
has been de-listed because Fortum's ownership in the company has increased over 
the 90% threshold.                                                              

TGC-10 is still listed on the RTS Stock Exchange. A similar de-listing decision 
is expected from RTS after 31 October 2008 unless Fortum decreases its ownership
in TGC-10 that. Fortum has no intention on doing so.                            

In April 2008, Fortum made a mandatory public tender offer (MTO) for the entire 
share capital of Territorial Generating Company No. 10 (TGC-10) to TGC-10       
minorities. At the end of September, Fortum's ownership in TGC-10 was over 93%  
including shares owned by TGC-10's fully-owned subsidiary.                      

Fortum Corporation                                                              
Maria Romantschuk                                                               
Senior Vice President, Communications                                           

Further information:                                                            
Kari Kautinen, Vice President, M&A, Fortum Corporation,                         
+358 50 453 2174                                                                

NASDAQ OMX Helsinki                                                             
Key media                                                              

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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.