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*FORTUM CORPORATION: - SHARES SUBSCRIBED

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HEX HELSINKI     CASH MARKET           RELEASE 269/2004
                 SHARES                1 July 2004


FORTUM CORPORATION: - SHARES SUBSCRIBED WITH OPTION RIGHTS

A total of 59 415 Fortum Corporation's shares have been
subscribed with the Fortum Corporation's 1999 bond with 
warrant and a total of 389 000 shares have been subscribed
with the Fortum Corporation’s 1999 option rights. The shares
will be traded on the Helsinki Exchanges as old shares as
of 2 July 2004.

Identifiers of Fortum Corporation's share:

Trading code:                       FUM1V
ISIN code:                          FI0009007132
Number of shares:                   850 261 894


HELSINKI EXCHANGES
Janne Seppänen

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