Notice to the Annual General Meeting of Shareholders of Fortum Corporation 2024

FORTUM CORPORATION STOCK EXCHANGE RELEASE 7 FEBRUARY 2024 AT 9:15 EET

Release category: Notice to general meeting

The shareholders of Fortum Corporation (“Fortum” or the “Company”) are invited to the Annual General Meeting (the “General Meeting”) of the Company to be held on Monday 25 March 2024, starting at 2:00 p.m. (EET) at Messukeskus Siipi, address Rautatieläisenkatu 3, Helsinki, Finland. The reception of the shareholders who have registered for the meeting and the distribution of voting ballots will commence at the meeting venue at 12:30 p.m. (EET). Coffee will be served prior to the meeting.

The shareholders have the opportunity to exercise their voting rights also by voting in advance. The instructions regarding the advance voting are presented in Section C.4 herein.

In addition, the shareholders have the opportunity to follow the General Meeting online via live webcast on the Company’s website at www.fortum.com/agm. It is not possible for the shareholders to ask questions, make counterproposals, address the meeting otherwise, or to vote through the webcast. Following the meeting via webcast is not considered participating in the General Meeting or exercising shareholder rights. The shareholders that wish to follow the webcast can exercise their voting rights by voting on certain matters on the agenda of the General Meeting in advance in accordance with the instructions provided below.

A. Matters on the agenda

The information referred to under agenda items 1–5 and the proposals pertaining to the formal organisational matters of the General Meeting are included in a separate organisational document published on the Company’s website at www.fortum.com/agm. The document also constitutes a part of this Notice. The document may be supplemented at the General Meeting with information that is not available prior to the General Meeting.

The following matters will be considered at the General Meeting:

1. Opening of the meeting

2. Calling the meeting to order

3. Election of persons to scrutinise the minutes and to supervise the counting of votes

4. Recording the legality of the meeting

5. Recording the attendance at the meeting and adoption of the list of votes

6. Presentation of the financial statements, the consolidated financial statements, the operating and financial review and the auditor’s report for the year 2023

- The President and CEO’s review.

The President and CEO will present a review at the General Meeting, a recording of which will also be available on the Company’s website at www.fortum.com/agm after the General Meeting.

Fortum will publish the financial statements, the operating and financial review, and the auditor’s report on the Company’s website at www.fortum.com/annualreport2023 during week 7 at the latest.

7. Adoption of the financial statements and consolidated financial statements

The Board of Directors proposes that the General Meeting adopt the financial statements and the consolidated financial statements. The Company’s auditor has supported the adoption of the financial statements.

8. Resolution on the use of the profit shown on the balance sheet and the distribution of dividend

The distributable funds of Fortum Corporation as at 31 December 2023 amounted to EUR 7,397,637,631 including the profit for the financial year 2023 of EUR 1,922,872,686. The Company’s liquidity is good, and the dividend proposed by the Board of Directors will not compromise the Company’s liquidity.

The Board of Directors proposes that a dividend of EUR 1.15 per share be paid for the financial year 2023. The dividend will be paid in two instalments.

Based on the number of shares registered as at 6 February 2024, the total amount of dividend would be EUR 1,031,854,135. The Board of Directors proposes that the remaining part of the distributable funds be retained in the shareholders’ equity.

The first dividend instalment of EUR 0.58 per share would be paid to shareholders who on the record date of the first dividend instalment 27 March 2024 are recorded in the Company’s shareholders’ register held by Euroclear Finland Oy. The Board of Directors proposes that the first dividend instalment be paid on 5 April 2024.

The second dividend instalment of EUR 0.57 per share would be paid to the shareholders who on the record date of the second dividend instalment 2 October 2024 are recorded in the Company’s shareholders’ register held by Euroclear Finland Oy. The Board of Directors proposes that the second dividend instalment be paid on 9 October 2024.

The Board of Directors further proposes that the General Meeting authorise the Board of Directors to resolve, if necessary, on a new record date and date of payment for the second dividend instalment, should the rules of Euroclear Finland Oy or statutes applicable to the Finnish book-entry system be amended or should other rules binding upon the Company so require.

9. Resolution on the discharge from liability of the members of the Board of Directors and the President and CEO for the financial year 2023

10. Presentation of the Remuneration Report for the Company’s governing bodies

The Board of Directors proposes that the Remuneration Report for the Company’s governing bodies for 2023 be approved. The Remuneration Report for the Company’s governing bodies will be published on the Company’s website at www.fortum.com/annualreport2023 during week 7 at the latest. The resolution of the General Meeting on the approval of the Remuneration Report is advisory.

11. Presentation of the Remuneration Policy for the Company’s governing bodies

The Remuneration Policy for the Company’s governing bodies was previously presented to the Annual General Meeting 2020. The Remuneration Policy must be presented to the general meeting at least every four years or whenever substantial changes have been made to it.

The Board of Directors proposes that the General Meeting resolve to support the Remuneration Policy for the Company’s governing bodies. The resolution of the General Meeting on the Remuneration Policy is advisory.

The Remuneration Policy for the Company’s governing bodies is attached to this Notice and it is also available on the Company’s website at www.fortum.com/remuneration and www.fortum.com/agm.

12. Resolution on the remuneration of the members of the Board of Directors

The Shareholders’ Nomination Board states that the long-term programme to increase the remuneration of the members of the Board of Directors of the Company decided by the Shareholders’ Nomination Board in 2021 and published by a stock exchange release on 29 January 2021 will be continued as planned in such a way that the Board remuneration will achieve the market level in 2026.

Therefore, the Shareholders’ Nomination Board proposes to the Annual General Meeting 2024 that the remuneration payable to the Chair, Deputy Chair and the other members of the Board of Directors be changed in line with the earlier decision in principle to increase the remuneration, as follows:

The annual fee of the Chair, Deputy Chair and other members of the Board of Directors:

• Chair: EUR 128,200/year (currently EUR 88,800);
• Deputy Chair: EUR 79,400/year (EUR 63,300); and
• Members: EUR 56,800/year (EUR 43,100).

In addition, it is proposed to pay fixed fees for the Committee work as follows:

• Chair of the Audit and Risk Committee, Chair of the Technology and Investment Committee, Chair of the Nomination and Remuneration Committee: EUR 22,600/year (EUR 20,200, EUR 5,000 and EUR 5,000), in case that he/she does not simultaneously act as Chair or Deputy Chair of the Board.
• Member of the Audit and Risk Committee, the Technology and Investment Committee and the Nomination and Remuneration Committee: EUR 5,400/year (EUR 3,000, EUR 2,000 and EUR 2,000).

If the Chair of the Audit and Risk Committee, Technology and Investment Committee or the Nomination and Remuneration Committee simultaneously acts as Chair or Deputy Chair of the Board of Directors, he/she will be paid the fixed fee of a Committee member.

The Chair and the members of any additional Committee established by a Board decision will only be paid the meeting fees.

In addition, the Shareholders’ Nomination Board proposes that the meeting fee payable to a Board member, also for the Committee meetings, be EUR 1,000 (EUR 800) for each meeting, or EUR 2,000 (EUR 1,600) in case the member travels to the meeting outside his/her country of residence. When a member participates in the meeting via remote connection, or for the decisions that are confirmed without convening a meeting, the meeting fee be EUR 1,000 (EUR 800). The travel expenses of Board members are compensated in accordance with the Company’s travel policy.

Further, the Shareholders’ Nomination Board proposes that the annual fee for the Board work of the Board members be paid in Company shares and in cash in such a way that approximately 40% of the amount of the annual fee be payable in shares acquired on behalf and in the name of the Board members, and the remainder in cash. The Company will pay the costs and the transfer tax related to the purchase of the company shares.

The shares will be acquired on behalf and in the name of the Board members within two weeks following the publication of the Company’s first quarter 2024 interim report. If share purchases cannot be carried out within the aforementioned schedule due to a reason related to the Company or a Board member, the shares will be acquired later, or the annual fee will be paid fully in cash. The meeting fees and the fixed fees for the Committee work are proposed to be paid fully in cash.

13. Resolution on the number of the members of the Board of Directors

The Shareholders’ Nomination Board proposes that the Board of Directors consist of nine (9) members, the Chair and the Deputy Chair included.

14. Election of the Chair, Deputy Chair and members of the Board of Directors

The Shareholders’ Nomination Board proposes that the following persons be elected to the Company’s Board of Directors for a term ending at the end of the Annual General Meeting 2025:

Ralf Christian, Luisa Delgado, Jonas Gustavsson, Essimari Kairisto, Marita Niemelä, Teppo Paavola, Mikael Silvennoinen, Johan Söderström and Vesa-Pekka Takala are proposed to be re-elected as members.

Mikael Silvennoinen is proposed to be elected as Chair and Essimari Kairisto as Deputy Chair of the Board of Directors.

All candidates have consented to the appointment and are all independent of the Company and its major shareholders in accordance with the Finnish Corporate Governance Code for Listed Companies. Maija Strandberg has informed the Shareholders’ Nomination Board that she is not available for election to the Board of Directors for the new term.

The current Board members proposed to be re-elected have been presented on the Company’s  website at www.fortum.com/governance.

On the subject of the election procedure of the Board members, the Shareholders’ Nomination Board suggests that the shareholders take a stand on the Board composition and nominations as a whole. The suggestion is based on the fact that the Company has a Shareholders’ Nomination Board established by the resolution of the general meeting compliant with the Finnish Corporate Governance Code and good corporate governance practices. The task of the Nomination Board is to ensure that the proposed Board as a whole possesses extensive competences and experience relevant for the Company, in addition to ensuring the qualifications of the individual board member candidates. The Nomination Board is also responsible for ensuring that the board diversity principles are appropriately taken into account and that the proposed Board composition also meets the other requirements set forth by the legislation and the Finnish Corporate Governance Code for Listed Companies.

15. Resolution on the remuneration of the auditor

On the recommendation of the Audit and Risk Committee, the Board of Directors proposes that the fee of the auditor be paid pursuant to the invoice approved by the Company.

16. Election of the auditor

On the recommendation of the Audit and Risk Committee, the Board of Directors proposes that Deloitte Oy be re-elected as the Company’s auditor, and that the General Meeting request the auditor to give a statement on the granting of discharge from liability to the members of the Board of Directors, the President and CEO and the possible Deputy President and CEO, and on the Board of Directors’ proposal for the distribution of funds.

Deloitte Oy has notified the Company that in the event it is elected as auditor, Jukka Vattulainen, APA, would be the principal auditor.

The recommendation of the Audit and Risk Committee of the Board of Directors on the election of the auditor is available on the Company’s website at www.fortum.com/agm.

17. Resolution on the remuneration of the sustainability reporting assurer

On the recommendation of the Audit and Risk Committee, the Board of Directors proposes that the fee of the sustainability reporting assurer be paid pursuant to the invoice approved by the Company.

18. Election of the sustainability reporting assurer

In accordance with the new EU Corporate Sustainability Reporting Directive, CSRD, and the relevant national legislation, Fortum has an obligation to publish its first sustainability report for the financial year 2024.

On the recommendation of the Audit and Risk Committee, the Board of Directors proposes that Sustainability Audit Firm Deloitte Oy be elected as the sustainability reporting assurer in accordance with Chapter 7 Section 6 a of the Finnish Companies Act, for a term ending at the end of the Annual General Meeting 2025.    

Deloitte Oy has notified the Company that in the event it is elected as sustainability reporting assurer, Jukka Vattulainen, APA, authorised sustainability auditor (ASA), would be the principal authorised sustainability auditor.

The recommendation of the Audit and Risk Committee of the Board of Directors on the election of the sustainability reporting assurer is available on the Company’s website at www.fortum.com/agm.

19. Amendment of Article 11 of the Company’s Articles of Association

On the recommendation of the Audit and Risk Committee, the Board of Directors proposes that the second paragraph of Article 11 of the Company’s Articles of Association currently in force concerning the term of the auditor be amended.

The auditor of the Company, Deloitte Oy, has acted as the Company’s auditor since 2006. The EU Audit Regulation sets requirements on the length of the overall term of office of the auditor. Therefore, Deloitte Oy can only act as Company’s auditor until the end of 2025.

In anticipation of the upcoming auditor tender and in order to ensure a more flexible change of auditor in 2026, the Board of Directors proposes that Article 11 of the Company’s Articles of Association be amended in such a way that the Annual General Meeting could elect the auditor in advance for a term that is one financial year.

The second paragraph of Article 11 would thus read as follows: ”The term of office of the auditor shall be one financial year.”

Article 11 would remain otherwise unchanged.

The current and the proposed new wording of Article 11 of the Articles of Association are available on the Company’s website at www.fortum.com/agm.

20. Authorising the Board of Directors to decide on the repurchase of the Company’s own shares

The Board of Directors proposes that the Board of Directors be authorised to decide on the repurchase of the Company’s own shares as follows:

The aggregate maximum number of own shares to be repurchased would be 20,000,000 shares, which corresponds to approximately 2.23 per cent of all the shares in the Company. Only the unrestricted equity of the Company could be used to repurchase own shares on the basis of the authorisation.

Own shares could be repurchased at a price formed in public trading on the date of the repurchase or otherwise at a price formed on the market.

The Board of Directors would decide how the own shares would be repurchased. Own shares could also be repurchased by using derivatives. Own shares could be repurchased otherwise than in proportion to the shareholdings of the shareholders (directed repurchase).

The authorisation would cancel the authorisation granted by the Company’s Annual General Meeting 2023 to decide on the repurchase of the Company’s own shares, and it would be effective until the next Annual General Meeting and in any event no longer than for a period of 18 months.

21. Authorising the Board of Directors to decide on the disposal of the Company’s own shares

The Board of Directors proposes that the Board of Directors be authorised to decide on the disposal of the Company’s own shares as follows:

The number of shares to be disposed based on the authorisation shall not exceed 20,000,000 shares, which corresponds to approximately 2.23 per cent of all the shares in the Company.

The Board of Directors would decide on the conditions of the disposals, including to whom, at what price and in which manner the Company’s own shares would be disposed. The disposals could also be made in deviation from the shareholders’ pre-emptive rights (directed share issue).

The authorisation would cancel the authorisation granted by the Company’s Annual General Meeting 2023 to decide on the disposal of the Company’s own shares, and it would be effective until the next Annual General Meeting and in any event no longer than for a period of 18 months.

22. Authorising the Board of Directors to decide on charitable contributions

The Board of Directors proposes that the Board of Directors be authorised to decide on contributions in the total maximum amount of EUR 500,000 for charitable or similar purposes, and to decide on the recipients, purposes and other terms of the contributions.

In addition, the Board of Directors proposes that the Board of Directors be authorised to decide on contributions in the total maximum amount of EUR 1,000,000 for incidental emergency relief or similar purposes as needed, and to decide on the recipients, purposes and other terms of the contributions.

The authorisations would be effective until the next Annual General Meeting.

23. Amendment of the Charter of the Shareholders’ Nomination Board

The Shareholders’ Nomination Board proposes that the Charter of the Shareholders’ Nomination Board be amended in such a way that the shareholders entitled to appoint a member are determined on the basis of the shareholders’ register of the Company maintained by Euroclear Finland Oy on the first working day in June (previously on the first working day in September) each year.

Further, the Shareholders’ Nomination Board proposes that the Charter be amended in such a way that the Chair of the Company’s Board of Directors shall act as a non-voting expert of the Shareholders’ Nomination Board (previously as member of the Shareholders’ Nomination Board). In addition, certain technical amendments are proposed to be made to the Charter of the Shareholders’ Nomination Board.

The Charter in its proposed amended form is attached to this Notice and is also available on the Company’s website at www.fortum.com/agm.

24. Closing of the meeting

B. Documents of the General Meeting

This Notice, including the agenda of the General Meeting, and the decision proposals, the organisational document of the General Meeting, and the proposed amended Charter of the Shareholders’ Nomination Board are available on the Company’s website at www.fortum.com/agm. The financial statements, the consolidated financial statements, the operating and financial review, the auditor’s report of Fortum Corporation and the Remuneration Report for the Company’s governing bodies will be published on the Company’s website at www.fortum.com/annualreport2023 during week 7 at the latest. The Remuneration Policy for the Company’s governing bodies is attached to this Notice and is also available on the Company’s website.

The decision proposals and the other aforementioned documents will also be available at the General Meeting.

The minutes of the General Meeting will be available at www.fortum.com/agm as from 8 April 2024 at the latest.

C. Instructions for the participants of the General Meeting

1. Shareholders registered in the shareholders’ register

Each shareholder, who on the record date of the General Meeting, 13 March 2024, is registered in the shareholders’ register of the Company held by Euroclear Finland Oy, has the right to participate in the General Meeting. A shareholder whose shares are registered on their personal Finnish book-entry account is automatically registered in the shareholders’ register of the Company. Any changes in the ownership of shares that have occurred after the record date of the General Meeting do not affect the right to participate in the General Meeting nor the number of votes of the shareholder at the General Meeting.

The use of proxies is described below.

The registration for the General Meeting and the advance voting will commence on 7 February 2024 at 10:00 a.m. (EET). A shareholder, who is registered in the shareholders’ register of the Company and wishes to participate in the General Meeting, shall register for the meeting no later than on 20 March 2024 at 10:00 a.m. (EET) by giving a prior notice of participation. The notice must be received by the Company (or Euroclear Finland Oy) before the end of the above-mentioned registration period.

Further information and instructions on the advance voting are provided below in Section C.4.

The registration can be done in the following ways:

1. on the Company’s website at www.fortum.com/agm

For natural persons, electronic registration requires secure strong electronic authentication, and a shareholder may register by logging in using their personal Finnish online banking credentials or a mobile certificate.

For shareholders that are legal entities, electronic registration does not require strong electronic authentication. However, the shareholder shall provide the number of its Finnish book-entry account and other required information. If a shareholder that is a legal entity uses the electronic Suomi.fi authorisation service further described below, the registration requires strong electronic authentication, which works with personal Finnish online banking credentials or a mobile certificate.

2. by email addressed to yhtiokokous@euroclear.eu;
3. by phone +358 20 770 6905 (on working days from 9:00 a.m. to 4:00 p.m. (EET); or
4. by regular mail addressed to Euroclear Finland Oy, Yhtiökokous / Fortum Corporation, P.O. Box 1110, FI-00101 Helsinki.

In connection with the registration, a shareholder must state their name, personal identification number/date of birth or business identity code, address, telephone number and the name of a proxy representative, legal representative, guardian or assistant, if any, and the personal identification number/date of birth of the proxy representative, legal representative, guardian or assistant, as applicable. Any personal data provided to Fortum or Euroclear Finland Oy by a shareholder will only be used for the purposes of the General Meeting and for the processing of related registrations.

The shareholder, their proxy representative, legal representative, guardian or assistant, if any, shall be able to prove their identity and/or right of representation at the General Meeting.

If the shareholder is a minor, the consent of both of the minor’s legal guardians is requested to be provided in connection with the registration for verifying the right to represent the shareholder. If the minor has only one legal guardian or someone other than a parent has been appointed the minor’s legal guardian, an extract from the civil register or another evidence is requested to be provided.

2. Proxy representatives and powers of attorney

A shareholder may participate in the General Meeting and exercise their rights at the meeting also by way of third-party proxy representation. A proxy representative may also vote in advance in accordance with the instructions provided herein.

A proxy representative shall provide a dated proxy document or otherwise in a reliable manner demonstrate their right to represent the shareholder at the General Meeting. If a shareholder participates in the General Meeting by means of several proxy representatives representing the shareholder with shares in different securities accounts, the shares with which each proxy representative represents the shareholder in question shall be identified in connection with the registration for the General Meeting.

The proxy documents, if any, should be submitted to the Company by email addressed to agm@fortum.com, or by regular mail addressed to Fortum Corporation, Corporate Legal Affairs/AGM, P.O. Box 100, 00048 FORTUM, Finland, no later than by the end of the registration period, by which time the proxy documents must have been received by the Company. In addition to submitting the proxy documents, the shareholder or their proxy representative must make sure to register for the General Meeting in accordance with the instructions provided herein.

Shareholders that are legal entities can also use the electronic Suomi.fi authorisation service in Euroclear Finland’s general meeting service for authorising their proxies instead of using the traditional proxy authorisation. In this case, the shareholder that is a legal entity authorises a representative appointed by it in the Suomi.fi service at www.suomi.fi/e-authorizations (using the authorisation topic “Representation at the General Meeting”). When registering, the representative must identify themselves with strong electronic authentication in Euroclear Finland’s general meeting service, after which the electronic mandate is automatically checked. The strong electronic authentication works with personal banking credentials or a mobile certificate. For more information, see www.suomi.fi/e-authorizations.

3. Holders of nominee-registered shares

A holder of nominee-registered shares has the right to participate in the General Meeting by virtue of such shares based on which they would be entitled to be registered in the shareholders' register of the Company held by Euroclear Finland Oy on the record date of the General Meeting, 13 March 2024. In addition, the right to participate in the General Meeting requires that the shareholder, on the basis of such shares, has been temporarily registered into the shareholders’ register held by Euroclear Finland Oy by 10:00 a.m. (EET) on 20 March 2024 at the latest. For nominee-registered shares, this constitutes due registration for the General Meeting. Any changes in the ownership of shares that have occurred after the record date of the General Meeting do not affect the right to participate in the General Meeting nor the number of votes of the shareholder at the General Meeting.

A holder of nominee-registered shares is advised to request well in advance the necessary instructions regarding the temporary registration in the shareholders' register of the Company, the issuing of proxy documents, voting instructions and registration for the General Meeting as well as advance voting from their custodian bank. The account management organisation of the custodian bank shall temporarily register the holder of the nominee-registered shares who wishes to participate in the General Meeting into the shareholders' register of the Company by the time stated above at the latest, as well as take care of advance voting on behalf of the nominee-registered shareholder prior to the expiry of the registration period. For the sake of clarity, it is noted that holders of nominee-registered shares cannot directly register for the General Meeting on the Company’s website, but must register via their custodian bank instead.

4. Advance voting

Shareholders with a Finnish book-entry account may vote in advance on certain matters on the agenda of the General Meeting during the period from 7 February 2024, 10:00 a.m. (EET) until 20 March 2024, 10:00 a.m. (EET).

A shareholder who has voted in advance may only request information under the Finnish Companies Act, request a vote at the General Meeting or vote on a possible counterproposal, if they or their proxy representative participate in the Annual General Meeting at the meeting venue.

Advance voting can be done in the following ways:

1. on Fortum’s website at www.fortum.com/agm

For natural persons, electronic advance voting requires secure strong electronic authentication, and a shareholder may register and vote by logging in using their personal Finnish online banking credentials or a mobile certificate.

For shareholders that are legal entities, electronic advance voting does not require strong electronic authentication. However, the shareholder shall provide the number of its Finnish book entry account and other information required. If a shareholder that is a legal entity uses the electronic Suomi.fi authorisation service further described above, the registration requires strong electronic authentication, which works with personal online Finnish banking credentials or a mobile certificate.

2. by email or by regular mail

A shareholder may submit the advance voting form available on the Company’s website or corresponding information to Euroclear Finland Oy by email addressed to yhtiokokous@euroclear.eu, or by regular mail addressed to Euroclear Finland Oy, Yhtiökokous / Fortum Corporation, P.O. Box 1110, FI-00101 Helsinki. The advance votes must be received by the end of the advance voting period.

If a shareholder participates in the General Meeting by submitting the votes in advance to Euroclear Finland Oy, submission of the votes before the end of the registration and advance voting period constitutes due registration for the General Meeting, provided that they contain the above-mentioned information required for the registration.

On the part of nominee-registered shareholders, the advance voting takes place through their account management organisation. The account management organisation may vote in advance on behalf of the nominee-registered shareholders represented by it in accordance with the provided voting instructions within the registration period.

The agenda items subject to advance voting are deemed to be presented unchanged at the General Meeting. Therefore, under agenda item 14, if any of the members proposed to be elected to the Board of Directors are unavailable for election to the Board of Directors at the General Meeting for any reason, the number of the proposed members unavailable for election will be automatically decreased from the number of the members of the Board of Directors to be elected, and the remaining candidates available for election will be elected in accordance with the proposal of the Shareholders’ Nomination Board. Instructions regarding the advance voting and the terms related to the electronic advance voting are also available on the Company’s website at www.fortum.com/agm.

5. Other instructions and information

The language of the meeting will be Finnish. Simultaneous interpretation into English and Swedish will be provided.

The Company will arrange an opportunity to follow the meeting online via live webcast. Detailed instructions for following the webcast will be available on the Company’s website at www.fortum.com/agm before the General Meeting.

Pursuant to Chapter 5, Section 25 of the Finnish Companies Act, a shareholder who is present at the General Meeting has the right to request information with respect to the matters to be considered at the meeting. Information on General Meetings laid down in the Finnish Companies Act and the Securities Markets Act is available on the Company’s website at www.fortum.com/about-us/investors/corporate-governance/general-meeting.

On the date of this Notice to the General Meeting, the total number of shares in Fortum Corporation and votes represented by such shares is 897,264,465.

Any changes in the ownership of shares that have occurred after the record date of the General Meeting do not affect the right to participate in the General Meeting nor the number of votes of the shareholder at the General Meeting.

Messukeskus can be reached by trams 7, 9 and 2. In addition, all commuter and intercity trains stop at Pasila railway station from which the distance to Messukeskus by foot is approximately 500 metres. The visitors arriving by their own car may park at their own cost at the designated parking area of Messukeskus Siipi (address Ratamestarinkatu 13). Furthermore, Messukeskus’ parking lot Messuparkki (address Ratapihantie 17) may be used.

In Espoo, 6 February 2024

FORTUM CORPORATION
The Board of Directors

Nora Steiner-Forsberg, Executive Vice President, Legal, General Counsel;

for contact: agm@fortum.com

Distribution:
Nasdaq Helsinki Ltd
Key media
www.fortum.com

Fortum
Fortum is a Nordic energy company. Our purpose is to power a world where people, businesses and nature thrive together. We are one of the cleanest energy producers in Europe and our actions are guided by our ambitious environmental targets. We generate and deliver clean energy reliably and help industries to decarbonise their processes and grow. Our core operations in the Nordics comprise of efficient, CO2-free power generation as well as reliable supply of electricity and district heat to private and business customers. For our ~5 000 employees, we commit to be a safe, and inspiring workplace. Fortum's share is listed on Nasdaq Helsinki. fortum.com