Fortum concludes the divestment of its shareholding in AS Eesti Gaas

Fortum has today concluded the divestment of its 51.4%-shareholding in the

Estonian natural gas import, sales and distribution company AS Eesti Gaas.

Fortum announced on 23 February 2016 that it is selling its shareholding to

Trilini Energy OÜ. Fortum estimates to book a one-time pre-tax sales gain

totalling approximately EUR 12 million (currently corresponding to

approximately EUR 0.01 per share) in its first quarter 2016 results.





Fortum Corporation

Corporate Communications



Further information:

Investors: Sophie Jolly, Vice President, Investor Relations, +358 40 828 7317

Media: Pauliina Vuosio, Vice President, Financial Communications, +358 50 453

2383





Read more:

Press release 23 Feb 2016: Fortum divests its shareholding in AS Eesti Gaas

Press release 1 July 2014: Fortum increases its shareholding in Estonian

Natural Gas companies AS Eesti Gaas and AS Võrguteenus Valdus - structuring for

eventual divestment



Fortum

Fortum's vision is to be the forerunner in clean energy. We provide our

customers with electricity, heat and cooling as well as other energy solutions

that improve present and future life. Already 64% of our electricity generation

is CO2 free. Our main markets are the Nordic and the Baltic countries, Russia,

Poland and India. In 2015, we employed some 8,000 energy sector professionals,

and our sales were EUR 3.5 billion. Fortum's share is listed on Nasdaq

Helsinki. www.fortum.com