HSE: FORTUM CORPORATION: SHARES SUBSCRIBED WITH OPTION RIGHTS

EXCHANGE NOTICE 23/2007, 23 JANUARY 2007  SHARES

FORTUM CORPORATION: SHARES SUBSCRIBED WITH OPTION RIGHTS
                
A total of 786 004 shares have been subscribed with the Fortum 
Corporation’s 2001A, 2001B, 2002A and 2002B option rights. The 
shares will be traded on the Helsinki Stock Exchange as old 
shares as of 24 January 2007.

Identifiers of Fortum Corporation's share:

Trading code:                       FUM1V
ISIN code:                          FI0009007132
Orderbook id:                       24271
Amount of shares:                   888 179 650


HELSINKI STOCK EXCHANGE
Janne Seppänen
Head of Surveillance 

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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