FORTUM CORPORATION

Fortum Oyj is engaged in the generation, distribution, and sale of electricity and heat, as well as operation and maintenance of power plants. It operates through the following divisions: Generation, City Solutions, Consumer Solutions, Uniper, and Russia. The Generation division is responsible for the large scale power production, physical optimization and trading activities in the Nordic area. It includes nuclear, hydro and thermal power production, portfolio management and trading, industrial intelligence and nuclear services. The City Solutions division is responsible for developing sustainable city solutions into a growing business. The Consumer Solutions division comprises of electricity sales, as well as some consumer business related parts of the technology and new ventures development unit. The Russia division comprises Fortum's power and heat generation and sales activities in Russia. The Uniper segment's activities include power generation in Europe and Russia, as well as global energy trading and optimisation. The company was founded on February 7, 1998 and is headquartered in Espoo, Finland.