Fortum - Company Announcement

Fortum would prefer continued operations at Oskarshamn nuclear power units 1 and 2

FORTUM CORPORATION STOCK EXCHANGE RELEASE 23 June 2015 at 15:00 EET

E.ON as the majority owner of Oskarshamn nuclear reactors 1 and 2 in Sweden has
announced their intention to start the closing process of the two reactors. The
final decision will be made by the OKG Aktiebolag shareholders - the majority
owner E.ON and the minority owner Fortum -  after which Fortum will assess the
impacts of the decision. 

 “On the contrary to E.ON's view, we believe that it is possible to continue
production in Oskarshamn units 1 and 2 until the end of their planned
operational lifetimes. Oskarshamn 1, which is the oldest nuclear power unit in
Sweden, has applied for the environmental permit to transfer to the service
mode if later so decided.  Decisions on the future of Oskarshamn 1 will not be
topical in the next few years, and the unit could continue its production at
the current capacity level,” says Tiina Tuomela, EVP, Nuclear and Thermal Power
in Fortum. 

“The recent modernization investments of the Oskarshamn 2 have been carried out
with a target to continue production until the end of the unit's lifetime and
with increased capacity. Considering  the investments made as well as  our
strong expertise as a nuclear operator and a global service provider, we see
that there are other measures to be taken to enmake safe and reliable
production at Oskarshamn 2 till the end of its planned lifetime”, continues
Tiina Tuomela. 

Continuing production in Oskarshamn 1 and 2 would be beneficial for all
parties. It would give more time to increase CO2-free energy production and to
secure the energy supply for the Swedish industry and the society as a whole.
Oskarshamn's three nuclear units provide approximately 10% of the Swedish
electricity generation. 

Fortum Corporation
Helena Aatinen
Corporate Communications

Further information:
Tiina Tuomela, EVP, Nuclear and Thermal Power Division, Fortum

Callback requests and media:
Helena Aatinen, SVP, Communications, Fortum, tel. +358 10 45 20480
Analysts and investors: Sophie Jolly, VP, Investor Relations, Fortum, tel. +358
10 45 32552 


Attachment: Fact sheet on Fortum's nuclear fleet


Fortum
Fortum's purpose is to create energy that improves life for present and future
generations. Fortum's expertise is in CO2-free and efficient electricity and
heat production. The company also offers energy-related products and expert
services to private and industrial customers and energy producers. Fortum's
main areas of operation are the Nordic and the Baltic countries, Russia and
Poland. In 2014, the annual sales (excluding the divested electricity
distribution business) totalled EUR 4.1 billion, and comparable operating
profit was EUR 1.1 billion. The company employs approximately 8,000 people.
Fortum's share is listed on Nasdaq Helsinki. www.fortum.com

Attachments:

Fortum-and-nuclear-power.pdf