Fortum Corporation: Interim Report January − March 2007

Solid performance continued

January - March in brief

• Comparable operating profit EUR 512 million, +5 %
• Profit before taxes EUR 661 (492) million, +34%
• Earnings per share EUR 0.59 (0.39), +51%
• Strong cash flow from operating activities EUR 497 (303) million
• Fortum booked a gain of EUR 180 million from the Hafslund sale of REC shares as profit from associated companies. This corresponds to EUR 0.20 per share in Fortum's first-quarter result.

Espoo, 23 April 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 interim financial statements have been prepared in accordance with International Accounting Standard (IAS) 34, Interim Financial Reporting, as adopted by the EU. The interim financial statements have not been audited.

Publication of results in 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, including detailed quarterly information, is available on Fortum’s website at: www.fortum.com/investors