Fortum Oyj

Board/Management Information • Sep 1, 2023

Fortum Shareholders' Nomination Board 2023

FORTUM CORPORATION STOCK EXCHANGE RELEASE 1 SEPTEMBER 2023 AT 15:30 EEST

Release category: Other information disclosed according to the rules of the Exchange

The following members have been appointed to Fortum Shareholders' Nomination Board:

• Ms. Minna Pajumaa, Senior Ministerial Adviser, Financial Affairs, Prime Minister's Office, Ownership Steering Department (Chair),
• Mr. Jouko Pölönen, President and CEO, Ilmarinen Mutual Pension Insurance Company,
• Mr. Risto Murto, President and CEO, Varma Mutual Pension Insurance Company, and
• Mr. Mikael Silvennoinen, Chair of Fortum Board of Directors.

Each year, four members are appointed to Fortum Shareholders' Nomination Board. The company's three largest shareholders as of the first working day of September are each entitled to appoint one member. The Chair of Fortum's Board of Directors will serve as the fourth member of the Nomination Board.

The Fortum Shareholders' Nomination Board prepares and presents to the Annual General Meeting the proposals on the remuneration, number and members of the Board of Directors. The now appointed Nomination Board will forward its proposals for the 2024 Annual General Meeting to the Board of Directors by 31 January 2024.

Fortum Corporation

Ingela Ulfves Vice President, Investor Relations & Financial Communications

Additional information:

Nora Steiner-Forsberg, Executive Vice President, Legal, General Counsel, Fortum Corporation, tel. +358 50 4735010

Distribution:

Nasdaq Helsinki Key media www.fortum.com

Fortum

Fortum is a Nordic energy company. Our purpose is to power a world where people, businesses and nature thrive together. We are one of the cleanest energy producers in Europe and our actions are guided by our ambitious environmental targets. We generate and deliver clean energy reliably and help industries to decarbonise their processes and grow. Our core operations in the Nordics comprise of efficient, CO2-free power generation as well as reliable supply of electricity and district heat to private and business customers. For our ~5 000 employees, we commit to be a safe, and inspiring workplace. Fortum's share is listed on Nasdaq Helsinki. fortum.com