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Fortum's St. Petersburg Generation Company acquisition closed

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Fortum Corporation        Stock Exchange Announcement      20 October 2006


Fortum's St. Petersburg Generation Company acquisition closed

Fortum has finalised its St. Petersburg Generating Company acquisition. With the
acquisition, Fortum's share in the Russian Territorial Generation Company-1 will
increase to slightly over 25 per cent. Stock exchange releases on the acquisition
were published on 10 and 17 October 2006.


Fortum Corporation

Carola Teir-Lehtinen

Senior Vice President, Corporate Communications

Distribution:

Helsinki Stock Exchange

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