Fortum Oyj

M&A Activity • Feb 7, 2018

The total acceptance of Fortum's offer on Uniper 47.12%

FORTUM CORPORATION STOCK EXCHANGE RELEASE 7 FEBRUARY 2018 AT 11:00 EET

The additional acceptance period of Fortum's voluntary public takeover offer for the outstanding shares of Uniper SE has ended. The total number of shares tendered during the initial and additional acceptance periods totaled 172,439,375 shares. This corresponds to 47.12% of the share capital and the voting rights of Uniper SE.

"We are satisfied with the shareholding we have received, which will, when the transaction is finalised, make Fortum the largest shareholder in Uniper. Furthermore, we are confident that co-operation between Fortum and Uniper can create significant value for shareholders and stakeholders of both companies. Our priority now is to establish the foundation for such cooperation through talks with Uniper," says Pekka Lundmark, President and CEO of Fortum.

The initial acceptance period ran from 7 November 2017 to 16 January 2018 and the additional acceptance period ran from 20 January 2018 to 2 February 2018. The offer is still subject to competition and regulatory approvals. Fortum expects to finalise the transaction in mid-2018.

Fortum Corporation

Ingela Ulfves VP, Investor Relations and Financial Communications

Further information:

For investors and analysts: Måns Holmberg, Manager, IR and Financial Communications, tel. +358 44 518 1518 Rauno Tiihonen, Manager, IR, tel. +358 10 453 6150

For the media:

Pauliina Vuosio, VP, Communications, +358 50 453 2383

Fortum

Fortum is a leading clean-energy company that provides its customers with electricity, heating and cooling as well as smart solutions to improve resource efficiency. We want to engage our customers and society to join the change for a cleaner world. We employ some 9,000 professionals in the Nordic and Baltic countries, Russia, Poland and India. In 2017, our sales were EUR 4.5 billion. Fortum's share is listed on Nasdaq Helsinki. www.fortum.com