Anders Egelrud nominated Fortum Värme's Managing Director

Anders Egelrud has been appointed new Managing Director of AB Fortum Värme Holding (co-owned by Fortum and the City of Stockholm) as of April 1 2006. He is currently employed as Head of the greater Stockholm's district heating operations. The current Managing Director Åke Pettersson will continue as Senior Advisor and Member of the Board of Directors. "Anders Egelrud has long experience from various positions in the company and hence excellent possibilities to develop the business further. At the same time, we wish to thank Åke Pettersson for the outstanding work he has done for the company", says Fortum Corporation's Senior Vice President Tapio Kuula. Fortum Corporation Corporate Communications For more information: Tapio Kuula, Senior Vice President, Fortum Corporation, +358 10 45 24112 Börje Berglund, Chairman of the Board of Directors, AB Fortum Värme Holding, +46 70 535 4600