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Fortum shares subscribed for with share warrants

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Fortum Corporation        STOCK EXCHANGE ANNOUNCEMENT   10 April 2006


Fortum shares subscribed for with share warrants


The following new shares have been subscribed for with Fortum Corporation's share
warrants:

 Name of scheme                      Subscription period       Quantity   
 Share Option Scheme 2001A for key   24 Feb - 31 Mar 2006      -          
 employees                                                                
 Share Option Scheme 2001B for key   24 Feb - 31 Mar 2006      12,500     
 employees                                                                
 Share Option Scheme 2002A for key   24 Feb - 31 Mar 2006      -          
 employees                                                                

The corresponding increase in share capital has not yet been entered in the trade
register. The intention is that the next time share subscriptions related to
Fortum Corporation's option schemes are registered will be approximately on 8
June 2006, when new shares subscribed for by 31 May 2006 will be registered.

The subscription price of the shares subscribed for under the Fortum option
schemes 2001A, 2001B and 2002A equals the nominal value of the share, 3.40 euros.
Therefore, any dividends paid do not reduce the subscription price since the
terms and conditions of the options state that the subscription price must not be
less than the nominal value of the share.


Fortum Corporation

Carola Teir-Lehtinen
Senior Vice President

For further information, please contact:
Jouni Huttunen, tel. +358 10 452 4649

Distribution:
Helsinki Stock Exchange
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