Fortum appeals against the Swedish Energy Market Authority's decision

Stock Exchange Release

The Swedish Energy Market Authority, Energimyndigheten, announced yesterday the decision concerning pricing at two electricity distribution areas of Fortum in 2003. According to the decision Fortum would have to return about MSEK 250 of the collected distribution charges. The authority has previously published respective decisions for 13 other distribution companies. Fortum will appeal against the decision to the County Administrative Court, because the theoretical grid model the authority applied as its basis does not correspond to the actual circumstances. All the other distribution companies that got the decision have also appealed. The decisions will not be efficient until the appeal processes have been finished.

Fortum Corporation
Carola Teir-Lehtinen
Senior Vice President, Corporate Communications

Distribution:
Helsinki Stock Exchange
Key media
www.fortum.com