Fortum Corporation: Financial Statements 2006

Stock Exchange Release

Another good year for Fortum
- Fortum's Board proposes a dividend of EUR 1.26

The year in brief

• Comparable operating profit EUR 1,437 (1,334) million, + 8%
• Profit before taxes EUR 1,421 (1,267) million, + 12%
• Earnings per share EUR 1.22 (1.01), + 21%
• Progress in Russia and Poland
• Proposed total dividend EUR 1.26 per share

Espoo, 30 January 2007
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 Board of Directors has approved Fortum's 2006 Financial Statements and Fortum's auditors have issued their audit report on 2006 on 30 January 2007.

Publication of results in 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