Final result of Fortum's redemption offer for Fortum Espoo's shares

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Fortum Corporation             STOCK EXCHANGE RELEASE    1 September 2006

Final result of Fortum's redemption offer for Fortum Espoo's shares

The offer period of Fortum Corporation's (Fortum) redemption offer for the  shares
of Fortum Espoo Oyj (Fortum Espoo)  pursuant  to  Chapter  6,  Section  6  of  the
Finnish Securities Market Act has expired on 31 August  2006  in  accordance  with
the terms and conditions of the offer.

Fortum's holding in Fortum Espoo after the expiry of the redemption offer  period,
taking into account all purchases by the expiry date, is  a  total  of  15,610,381
shares representing about 99.88 % of shares issued by Fortum Espoo  and  of  votes
attached to them.


Fortum Corporation
Carola Teir-Lehtinen
SVP, Corporate Communications


For more information:
SVP, Corporate Communications Carola Teir-Lehtinen, tel +358 50 452 4118


Distribution:
Fortum Espoo Oyj
Helsinki Stock Exchange
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