Fortum Service strengthens its position in Germany

- a significant new operation and maintenance agreement signed

Fortum has signed a 6 year contract with Knapsack Power GmbH & Co. KG which is owned and operated by Norwegian Statkraft. The contract applies to an 800 MW combined cycle gas turbine plant situated in Hürth-Knapsack near Cologne. The plant exemplifies progressive technology and is currently under construction. The commercial operation will begin in summer 2007. The contract is the second of its kind within a year and strengthens Fortum's position as a significant gas turbine plant operation and maintenance operator in Germany. In August last year Fortum signed a 15 year operation and maintenance contract of a similar gas turbine plant. "We are very satisfied with the contract. Fortum's long-term operation and maintenance expertise as well as extensive international references will help us to secure the optimal start and high availability for the Knapsack power plant and to learn the operation and maintenance business for gas fired generation, which is very important for us," says Dr. Jürgen Tzschoppe, managing director of Knapsack Power. "Our status as an independent operation and maintenance service provider is significantly strengthened along with the signing of the contract in the currently fast growing German markets", says Mr Osmo Lähelmä of Fortum. Fortum Oyj Corporate Communications Further information: Mr Osmo Lähelmä, General Manager, tel. +358 10 45 32041 About Statkraft: The Norwegian Statkraft group produces a total of 41 TWh per year, making it the third-largest producer of electricity in the Nordic region and the second-largest producer of renewable energy in Europe. The power plants in Hürth-Knapsack (100% Statkraft) and in Herdecke (50% Statkraft) will strengthen the group’s international power trading activities and establish Statkraft as a leading power producer. About Fortum: Fortum is a leading energy company in the Nordic countries and other parts of the Baltic Rim area. The group's activities cover the generation, distribution and sale of electricity and heat as well as other energy-related services. In 2005, the company's total power generation was 52.3 TWh. Fortum Service provides operation and maintenance services for the industry and energy companies in North Europe and selected markets internationally.