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Eastern European Markets

PRESS RELEASE
April the 6th, 2012

Fortum and Nissan to co-operate in domestic charging services
for electric cars in Estonia

A home charging package has been created in Estonia for owners of the 100% electric Nissan LEAF to ensure they can recharge their car as efficiently and as safely as possible. The system has been developed in partnership with Fortum, Nissan’s Electric Mobility Operator (EMO), and we will be introduced in April at start of sales.

A dedicated charging point will ensure convenient, optimal and safe charging and also provides additional capacity for battery warm-up in cold conditions. With a 16A cable, charging takes less than eight hours, making it considerably faster than charging with the power cable that comes with the Nissan LEAF. For a price of 998 EUR, Fortum will inspect household's electrical installation, make sure it complies with all safety regulations and perform the installation of the dedicated charging point. A state subsidy of 1,000 EUR will cover the recharging device, home delivery and installation, ultimately making the whole package free of charge to customers.

“Fortum’s charging service for electric vehicles provides electric vehicle owners with charge units for home and workplace to charge vehicles as effectively and safely as possible,” says Juha Stenberg, Sales Director of Fortum’s recharging services unit.

“The practical charging system is an important part of the Nissan LEAF launch in the Estonian market. As a result, the owners of Nissan LEAF can enjoy his independence from petrol stations with increasing fuel prices and use their own home recharging points in the same way as public recharging stations,” says Margus Mikk, Country Manager of Nissan Nordic Europe in the Baltics.

Nissan LEAF sales in Estonia started on the April 2, 2012. Private customers may now apply for an incentive from government up to 18,000 EUR, making Nissan LEAF price around 22,000 EUR and 1,000 EUR subsidy for home charging unit. In addition, the goal of the Estonian government is to provide quick charging in all urban areas with more than 5,000 residents. The intention is to install quick charging stations along the main roads at 50-kilometre intervals, which is the highest density of DC charging stations in Europe. Electric mobility investments are funded by the Green Investment Scheme, funded by the KredEx export credit company as part of the government plan to reduce carbon dioxide emissions.

Electric vehicles are an important part of energy solutions in the near future because they provide a means for restraining carbon dioxide emission caused by traffic.

About Fortum:
Fortum's purpose is to create energy that improves life for present and future generations. We provide sustainable solutions that fulfil the needs for low emissions, resource efficiency and energy security, and deliver excellent value to our shareholders. Our activities cover the generation, distribution and sales of electricity and heat as well as related expert services. Fortum's operations focus on the Nordic countries, Russia, Poland and the Baltics. In the future, the integrating European and fast-growing Asian energy markets provide additional growth opportunities. In 2011, Fortum’s sales totalled EUR 6.2 billion and comparable operating profit was EUR 1.8 billion. We employ approximately 10,800 people. Fortum’s shares are quoted on NASDAQ OMX Helsinki.

About Nissan LEAF:
Nissan LEAF is a sleek five door hatchback with a driving range of 175km* as tested over the New European Driving Cycle (NEDC) making it an attractive and practical alternative for many urban drivers. Recharging from empty to 100% can be done in eight hours with a 16A home charger and in about 30 minutes from empty to 80% using a quick charger in optimal conditions. LEAF has been awarded with maximum five safety stars in Euro NCAP tests, making it one of the safest cars in Europe and the only EV with maximum safety rating so far. Nissan LEAF has also been honored with the title “Car of the Year 2011” in both the global and European competition. Interested customers should head to the Nissan website - http://www.nissan.ee - where they can find more details about the ground-breaking car and sign-in to become hand raisers for all latest news on 100% electric, zero emission Nissan LEAF.

For more information
Juha Stenberg, Sales Director,
Fortum Corporation, tel. +358 400 575 579

www.fortum.com


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