Fortum Corporation Stock exchange release 27 August 2010 at 12.00 EETS The Supreme Administrative Court: Fortum not in a dominant position The Supreme Administrative Court in Finland has today overruled the appeal by the Finnish Competition Authority on the decision of the Market Court on 14 March 2008. The Market Court decided then that Fortum's E.ON Finland acquisition in 2006 did not give Fortum a dominant market position or strengthen the market position. In their ruling, the Supreme Administrative Court stated that Fortum cannot be considered to have a dominant position in the power generation and wholesale market, because the relevant geographical market area consists of at least Finland and Sweden. With its decision, the Supreme Administrative Court confirms the view of the Market Court. "We are very pleased with the Court's decision as it gives better possibilities to develop our operations also in Finland," says Fortum's Executive Vice President Anne Brunila. Fortum sells all the power it generates in Finland and Sweden to the wholesale market through the Nordic power exchange Nord Pool. Approximately 330 companies trade at Nord Pool and approximately 70% of all electricity consumed in the Nordic countries is sold through it. Although Fortum is the third largest power generator in the Nordic countries, its market share is only approximately 13% of Nordic consumption. "Even though power is traded in several different price areas in Nord Pool, the Nordic countries form a well-functioning market area. Accordingly, the area prices for Finland and Sweden were exactly the same over 94% of the time during the past five years. The area price for Finland has been higher than in Sweden for only 2.5% of the time. Area price differences are expected to reduce even further as new transmission capacity is taken into use," Anne Brunila emphasises. Fortum Corporation Anne Brunila Executive Vice President, Corporate Relations and Sustainability Tel. +358 10 452 0970 Distribution: NASDAQ OMX Helsinki Key media www.fortum.com