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Stock exchange release

SHARE REPURCHASE 16.06.2006

16 June 2006, 18:30 EEST

Fortum Corporation ANNOUNCEMENT 16.06.2006

SHARE REPURCHASE  16.06.2006

In the Helsinki Stock Exchange

Trade date              16.06.2006
Bourse trade            BUY
Share                   FUM1V
Amount                  350.000               shares
Total cost              6.557.212,00          EUR
Average price/ share    18,7349               EUR
Highest price/ share    19,15                 EUR
Lowest price/ share     18,38                 EUR


Fortum Corporation now holds a total of 1.660.000 shares

including the shares repurchased on 16.06.2006.


On behalf of Fortum Corporation

NORDEA BANK FINLAND PLC

Petri Simberg         Jari Villenheimo