Fortum to sell industrial maintenance services to CapMan

Stock Exchange Release

Fortum is to sell its business in charge of industrial maintenance services. Fortum Service and the funds managed by CapMan have signed an agreement under which the funds will purchase the Industrial Services business, which operates in Finland and Sweden, for an undisclosed sum. Some 900 employees will transfer in connection with the deal, approximately 700 of whom work in Finland and 200 in Sweden. “This deal is part of Fortum’s strategy, according to which Fortum Service in future concentrates mainly on operation and maintenance services for the energy industry as well as special services,” says Kim Kronstedt, President, Fortum Service. The deal requires the approval of the Finnish and Swedish competition authorities. Fortum Corporation Carola Teir-Lehtinen Senior Vice President, Corporate Communications Further information: Kim Kronstedt, President, Fortum Service, tel. +358 50 452 9133 Leena Niemi, Vice President, Communications, Fortum Service, tel. +358 50 452 4712 Distribution: Helsinki Stock Exchange Key media