Fortum in discussions about terms for concluding the E.ON Finland transaction

In connection to its investigations regarding the E.ON Finland transaction, the Finnish Competition authority has paid attention to Fortum´s power generation capacity in Finland. Consequently, Fortum has started discussions with the Competition Authority about the terms on which the transaction can be concluded. The discussions have centered around an arrangement whereby Fortum would divest its power plants in Haapavesi and Hämeenlinna. In addition Fortum would lease its share of the Meri-Pori power plant until 31st December, 2009. In February 2006 Fortum applied for an approval by the Finnish Competition authority to acquire 99.8 % of the shares of E.ON Finland Oyj. On 3 March 2006 the Competition Authority announced that it will continue its evaluation of the matter. The further processing can last a maximum of three months. Fortum Corporation Carola Teir-Lehtinen SVP, Corporate Communications For further information: SVP Tapio Kuula, tel +358 50 452 4112