Fortum Corporation: Interim Report January − September 2006

Stock Exchange Release

Good results despite lower hydro and nuclear volumes

January-September in brief (continuing operations)
• Comparable operating profit EUR 997 (874) million, + 14%
• Profit before taxes 973 (801) million, + 21%
• Earnings per share EUR 0.83 (0.65), +28%
• Ownership in Russian TGC-1 will increase to over 25 per cent
• Fortum Espoo consolidated from the end of Q2 2006 onwards
• Mark-to-market accounting effect in Q3 pre-tax profit, EUR -8 (+44) million

Espoo, 18 October 2006
Fortum Corporation
Board of Directors

Further information:
Mikael Lilius, President and CEO, tel. +358 10 452 9100
Juha Laaksonen, CFO, tel. +358 10 452 4519

The figures have not been audited.

The Annual General Meeting will be held on 28 March 2007

Publication of results in 2007:
Financial statements January-December will be published on 31 January 2007
Interim Report January-March will be published on 24 April 2007
Interim Report January-June will be published on 18 July 2007
Interim Report January-September will be published on 18 October 2007

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

Information on the financial statement release is available on Fortum’s website at: www.fortum.com/investors