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Redemption price for Fortum Espoo minority shares has been confirmed

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Fortum Corporation        STOCK EXCHANGE RELEASE   1 December 2006


Redemption price for Fortum Espoo minority shares has been confirmed

Fortum Corporation has received the award of the arbitration tribunal rendered  on
30 November 2006 confirming that the redemption price per share  in  Fortum  Espoo
not held by Fortum is EUR 68.36 in accordance with Fortum's redemption offer.

Interest is payable on the redemption price from 13 September 2006  until  payment
is made. The annual interest rate stands at 5%.


Fortum Corporation
Carola Teir-Lehtinen
SVP, Corporate Communications

Distribution:
Helsinki Stock Exchange
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