releases
Eastern European Markets
NEWS RELEASE
January, 28. 2006

Fortum increases stake in Fortum Wroclaw S.A.

Fortum´s rapid expansion in Poland continues, as its shareholding in the district heating company Fortum Wroclaw S.A. (former MPEC Wroclaw S.A.) has increased to over 90%. This is a result of Fortum's public tender to the shareholders of the company in October. The public tender was completed on 24 January 2006.

Fortum now holds 45,617,912 shares in Fortum Wroclaw S.A., which represent approximately 90.2% of the share capital and approximately 94.4% of the voting rights at the General Meeting of Fortum Wroclaw S.A.

Today Fortum has also announced a public tender to acquire all the remaining shares in the company and its intention to delist the company from the Warsaw Stock Exchange.

For further information:
Timo Karttinen, Senior Vice President, Corporate Development,
Fortum Corporation
phone + 358 10 453 6555, GSM +358 50 453 6555
Risto Riekko, President
Fortum Heat, phone
+ 358 10 453 4485, GSM +358 50 453 4485
Distribution:
Helsinki Stock Exchange
Key media

www.fortum.com


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