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Press release

Fortum issues EUR 500 million eurobond

18 May 2011, 09:00 EEST

Fortum Corporation has yesterday issued a EUR 500 million ten-year eurobond under its EMTN (Euro Medium Term Note) programme. The bond carries a coupon of 4 %.

The bond offering was oversubscribed. The order-book totalled approximately
EUR 3.6. billion and included over 250 international investors.

The bonds will be listed on the Luxembourg Stock Exchange. The proceeds of the offering will be used for general corporate purposes.

Citigroup, ING, Royal Bank of Scotland and Unicredit acted as joint book-runners for the transaction.

Fortum Corporation
Corporate Communications

Further information:
Jan Seveborg, Group Treasurer, Fortum Corporation, tel.+358 10 45 29164
Jouni Huttunen, Head of Treasury Management, Fortum Corporation, tel. +358 10 45 24649