Fortum - Company Announcement

Fortum and Infratek combine their infrastructure operations

Fortum Corporation		                                                            
Stock Exchange Release 		                                  
15 January 2009 at 16:40 EET                                                    


Fortum and Infratek combine their infrastructure operations                     

Fortum receives a 33% stake in the enlarged Infratek ASA company
The Norwegian Competition Authority has approved the deal by which Fortum and   
the Norwegian Infratek ASA combine their businesses of construction and         
operating of infrastructure in Sweden, Finland and Norway as of 15 January 2009.
Fortum transfers its construction and operating of infrastructure as well as    
parts of it distribution network construction activities in Sweden into the new 
combined company. Fortum receives newly issued shares in Infratek ASA entitling 
to a 33% ownership in the enlarged company. Hafslund ASA holds 43.3% of the     
shares. The remaining shares are owned by institutional and private             
shareholders.
The deal was approved by the Board of Directors of Fortum on 21 October 2008 and
Hafslund Infratek ASA's Extraordinary General Meeting (EGM) on 22 December 2008.
The EGM also approved to change the company name from Hafslund Infratek ASA to  
Infratek ASA. Fortum's stock exchange release on the agreement was published on 
24 October 2008.                                       

Fortum Corporation                                                              
Maria Romantschuk	                                                              
Senior Vice President, Corporate Communications                                 

Further information:                                                            
Pekka Riala, Vice President, Fortum Service, +358 50 453 4610                   


Distribution:                                                                   
NASDAQ OMX Helsinki                                                             
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