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NOTIFICATION REFERRED TO IN CHAPTER 2, SECTION 9 OF THE FINNISH SECURITIES MARKET

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Fortum Corporation        STOCK EXCHANGE RELEASE          03.06.2005 at 14.45


NOTIFICATION REFERRED TO IN CHAPTER 2, SECTION 9 OF THE FINNISH SECURITIES  MARKET
ACT ON AN AGREEMENT RESULTING IN A POSSIBLE CHANGE IN OWNERSHIP OF FORTUM OYJ.



Citigroup Global Markets Limited has recently informed Fortum Oyj about the
following in relation to their agreement with the Republic of Finland regarding
an accelerated bookbuilt offering of Fortum Corporation's shares:

A.    Target company: Fortum Corporation (business identity code:  1463611-4)

B.    Date of the agreement: 2 June 2005

C.    Citigroup Global Markets' holding in Fortum Corporation may as a result of
      the agreement increase to 62,900,000 shares corresponding to 7.21 per cent
      of the share capital and voting rights in Fortum Corporation.

D.    Fortum Corporation's share capital comprises 871,854,198 shares  that  carry
      a total of 871,854,198  votes.

E.    Full name of notifying party: Citigroup Global Markets Limited.





Fortum Corporation

Carola Teir-Lehtinen

Senior Vice President, Corporate Communications





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Helsinki Stock Exchange

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