Fortum - Other information disclosed according to the rules of the Exchange

Fortum to launch the savings period for 2023 under its employee share savings programme

FORTUM CORPORATION STOCK EXCHANGE RELEASE 30 SEPTEMBER 2022 AT 14.40 EEST

Release category: Other information disclosed according to the rules of the
Exchange

Fortum's Board of Directors has decided to launch the savings period for the
year 2023 under its Employee Share Savings (ESS) programme. The ESS programme
was established in October 2019 and the Board of Directors decides separately on
the annual launch of each individual savings period. The objective of the ESS
programme is to motivate Fortum employees to invest in Fortum shares and retain
ownership in the company and to align the employees' interests with its
shareholders.

The participants of the ESS programme will invest a part of their monthly salary
and based on this investment will, as a gross reward, be granted one matching
share for each two purchased savings shares after approximately three years from
the beginning of the savings period. The prerequisites for receiving matching
shares are that a participant holds the purchased savings shares until the end
of the holding period, and that his or her employment has not ended before the
end of the holding period. The holding period for the 2023 savings period will
end on 28 February 2026.

The terms and conditions of the savings programme are the same as in previous
programmes. The ESS programme is available to employees of the Fortum Group,
with the exception of employees in countries where local legislation or other
reasons make it unfeasible.

Due to the restrictions regarding management incentives put in place by the
Finnish State in the Solidium bridge financing facility, Fortum has assessed and
concluded that Fortum Executive Management team will not participate this time
in the ESS programme.

The total amount of all savings for the 2023 savings period may not exceed EUR 6
million.

Fortum Corporation
Ingela Ulfves, Vice President, Investor relations and Financial communications

Further information:

Jari Laitinen, Vice President, Compensation and Benefits, tel. +358 40 660 2506
Nora Hallberg, Manager, IR and Financial Communications, tel. +358 04 720 1775

Distribution:

Nasdaq Helsinki
Main media
www.fortum.com

Fortum
Fortum is an energy company driving the change for a cleaner world. Our role is
to ensure the security of supply and a fast and reliable transition to a carbon
-neutral economy by providing customers and societies with clean energy and
sustainable solutions. Fortum's core operation are located in the Nordics and
consist of CO2-free power generation, electricity sales, district heating as
well as recycling and waste solutions. Fortum's share is listed on Nasdaq
Helsinki. fortum.com (https://www.fortum.com)

Attachments:

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