Fortum Corporation Stock exchange release 22.10.2008 at 9.15 EET Fortum's Russian subsidiary TGC-10 de-listed from the MICEX Following the rules and regulations of the MICEX Stock Exchange, Fortum Corporation's Russian subsidiary, Territorial Generating Company No. 10 (TGC-10) has been de-listed because Fortum's ownership in the company has increased over the 90% threshold. TGC-10 is still listed on the RTS Stock Exchange. A similar de-listing decision is expected from RTS after 31 October 2008 unless Fortum decreases its ownership in TGC-10 that. Fortum has no intention on doing so. In April 2008, Fortum made a mandatory public tender offer (MTO) for the entire share capital of Territorial Generating Company No. 10 (TGC-10) to TGC-10 minorities. At the end of September, Fortum's ownership in TGC-10 was over 93% including shares owned by TGC-10's fully-owned subsidiary. Fortum Corporation Maria Romantschuk Senior Vice President, Communications Further information: Kari Kautinen, Vice President, M&A, Fortum Corporation, +358 50 453 2174 Distribution: NASDAQ OMX Helsinki Key media www.fortum.com