Fortum’s comment on the resignation of Uniper Management Board Members

FORTUM CORPORATION ONLINE NEWS 26 May 2019

Fortum's President and CEO Pekka Lundmark comment on the resignation of two Uniper Management Board Members: “We very much regret the decision of both Eckhardt Rümmler and Keith Martin to resign. On behalf of colleagues at Fortum, I want to thank them for all their work for Uniper's success and their collaboration this spring. I also want to underline that the decision to vote for postponement of the discharge of the management board at Uniper’s AGM was a result of the lack of transparency on management conduct during and after our Public Takeover Offer, not a sign of mistrust of management as a whole. Fortum has been and remains ready to discuss constructively with Uniper the best way forward for both companies. Our focus is now on establishing dialogue with the new CEO and CFO and reignite our talks. We are confident that together we can make a joint vision reality.”

Link to the Uniper release on 26 May 2019: https://www.uniper.energy/news/further-resignations-from-the-uniper-management-board/

Fortum Corporation

Further information: Pauliina Vuosio, Vice President, Executive Communications, tel. +358 50 453 2383

Distribution:www.fortum.com

About Us

FortumFortum is a European energy company with activities in more than 40 countries. We provide our customers with electricity, gas, heating and cooling as well as smart solutions to improve resource efficiency. We want to engage our customers and society to join the change for a cleaner world. Together with our subsidiary Uniper, we are the third largest producer of CO2-free electricity in Europe. With approximately 19,000 professionals and a combined balance sheet of approximately EUR 69 billion, we have the scale, competence and resources to grow and to drive the energy transition forward. Fortum's share is listed on Nasdaq Helsinki and Uniper's share on the Frankfurt Stock Exchange. www.fortum.com

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