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Stock exchange release

SHARE REPURCHASE 31.10.2007

31 October 2007, 18:30 EET

Fortum Corporation ANNOUNCEMENT 31.10.2007

SHARE REPURCHASE  31.10.2007

In the Helsinki Stock Exchange

Trade date              31.10.2007
Bourse trade            BUY
Share                   FUM1V
Amount                  400.000               shares
Total cost              11.971.687,03         EUR
Average price/ share    29,9292               EUR
Highest price/ share    30,55                 EUR
Lowest price/ share     29,60                 EUR


Fortum Corporation now holds a total of 3.590.000 shares
including the shares repurchased on 31.10.2007.


On behalf of Fortum Corporation

NORDEA BANK FINLAND PLC

Petri Simberg         Jarkko Järvinen