Fortum shares subscribed for with share warrants

Fortum Corporation                                                              
Stock exchange announcement                                                     
7.10.2008 at 15.45 EET                                                          
                                                                              
Fortum shares subscribed for with share warrants 

The following new shares have been subscribed for with Fortum Corporation's     
share warrants:                                                                 
                                                                                
--------------------------------------------------------------------------------
| Name of scheme                        |  Subscription period |      Quantity |
--------------------------------------------------------------------------------
| Share Option Scheme 2002B for key     |    9 Sept. 2008-     |         3,000 |
| employees                             |    30 Sept. 2008     |               |
--------------------------------------------------------------------------------

The corresponding increase in share capital has not yet been entered in the     
trade register.                                                                 

The intention is that the next time share subscriptions related to the Fortum   
Share Option Scheme 2002B are registered will be approximately on 8 December    
2008, when the new shares subscribed for by 28 November 2008 will be registered.


Fortum Corporation                                                              
Maria Romantschuk                                                               
Senior Vice President, Corporate Communications                                 

Further information:                                                            
Jouni Huttunen, Head of Treasury Management, +358 10 45 24649                   

Distribution:                                                                   
NASDAQ OMX Helsinki                                                             
Key media                                                                       
www.fortum.com

About Us

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. www.fortum.com

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