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FORTUM SHARES SUBSCRIBED FOR WITH SHARE WARRANTS

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The following Fortum shares, subscribed for with Fortum Corporation's share     
warrants and paid to the company, will be traded on the Main List of the        
Helsinki Stock Exchange starting on 11 September 2007, together with the old    
shares.                                                                         


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| Name of scheme                        |  Subscription period |      Quantity |
--------------------------------------------------------------------------------
| Share Option Scheme 2002B for key     |             10 May - |       646,973 |
| employees                             |            31 August |               |
|                                       |                 2007 |               |
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The increase in share capital resulting from the share subscriptions, a total of
EUR 2,199,708.20, was entered in the Trade Register on 10 September 2007. After 
this increase, Fortum Corporation's share capital is EUR 3,038,848,348.40 and   
the total number of shares is 892,118,926. Following the share subscriptions,   
the shareholders' equity of Fortum Corporation increased by a total of EUR      
2,199,708.20.                                                                   

Identifiers of Fortum Corporation's share on 11 September 2007:                 

Trading code: FUM1V                                                             
ISIN code: FI0009007132                                                         
Number of shares: 892,118,926                                                   

The intention is that the next time share subscriptions related to the Fortum   
Share Option Scheme 2002B are registered will be approximately on 10 December   
2007, when the new shares subscribed for by 30 November 2007 will be registered.

Fortum Corporation                                                              
Maria Romantschuk                                                               
Senior Vice President, Corporate Communications                                 

Distribution:                                                                   
Helsinki Stock Exchange                                                         
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