Fortum shares subscribed for with share warrants

Fortum Corporation
Stock exchange announcement                                                      
24 March 2009 at 09:30 EET                                                       

Fortum shares subscribed for with share warrants                                

The following Fortum shares, subscribed for with Fortum Corporation's share     
warrants and paid to the company, will be traded on the Main List of the NASDAQ 
OMX Helsinki starting on 25 March 2009, together with the old shares.           

| Name of scheme                        |  Subscription period |      Quantity |
| Share Option Scheme 2002B for key     |    16 January 2009 -  |       376,837
| employees                             |        17 March 2009 |               |

The increase in share capital resulting from the share subscriptions, totalling 
EUR 1,281,245.80, was entered in the Trade Register on 24 March 2009. Following 
this increase, Fortum Corporation's share capital is EUR 3,045,502,967.80 and   
the total number of shares is 888,166,167. Following the share subscriptions,   
the shareholders' equity of Fortum Corporation increased by a total of EUR      

Identifiers of Fortum Corporation share on 25 March 2009:                       

Trading code: FUM1V                                                             
ISIN code: FI0009007132                                                         
Number of shares: 888,166,167                                                   

The next time share subscriptions are intended to be registered is approximately
on 8 May 2009, when the new shares subscribed for by 30 April 2009 will be      

The subscription period for Share Option Scheme 2002B finishes 30 April 2009.   

Fortum Corporation                                                              
Maria Romantschuk                                                               
Senior Vice President, Corporate Communications                                 

Additional information:                                                         
Jouni Huttunen, Head of Treasury Management, +358 10 45 24649                   

NASDAQ OMX Helsinki                                                             
Key media                                                              

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.