Fortum Oyj

Board/Management Information • Apr 5, 2016

SARI BALDAUF

Chairman born 1955, nationality: Finnish MSc, Business Administration Independent member of Fortum's Board of Directors since 2009

Main occupation:

Non-executive Director

Primary work experience:

Nokia Corporation, several senior executive positions. Member of the Group Executive Board until 2005.

Key positions of trust:

Akzo Nobel N.V., Daimler AG, and Deutsche Telekom AG: Member of the Supervisory Board DevCo Partners Oy, Senior Advisor Savonlinna Opera Festival, Chairman of the Board 2005–03/2015 Finland's Children and Youth Foundation, Member of the Board 2009–01/2015 F-Secure Corporation, Member of the Board 2005–2014 Sanoma Corporation, Deputy Chairman 2003–2009 Capman Corporation, Member of the Board 2008–2011 YIT Corporation, Member of the Board 2006–2008 Hewlett-Packard Company, Member of the Board 2006–2012 Finnish Business and Policy Forum EVA, Member of the Board and vice chair 2007– 2013 John Nurminen Foundation, Member of the Board 2009–2013

Fortum shares as of 1 April 2016: 2,300

KIM IGNATIUS

Deputy Chairman Born 1956, nationality: Finnish BSc (Econ) Independent member of Fortum's Board of Directors since 2012

Main occupation: Sanoma Corporation, CFO

Primary work experience:

TeliaSonera AB, Executive Vice President and CFO 2003–2008 Sonera Oyj, Executive Vice President and CFO 2000–2002 Tamro Oyj, Group CFO 1997–2000

Key positions of trust:

-

Fortum shares as of 1 April 2016: 2,400

VAT Reg.No FI14636114

MINOO AKHTARZAND

Born 1956, nationality: Swedish MSc, Electrical engineering Independent member of Fortum's Board of Directors since 2011

Main occupation: Governor in the County of Västmanland

Primary work experience:

Governor in the County of Jönköping 2010–01/2016 Swedish National Rail Administration, Director-General 2008–2010 Regional Labour Agency, Director 2006–2008 Vattenfall AB, various senior executive positions 1984–2006 Stockholm Energi, various positions 1981–1984

Key positions of trust:

Södertörn University, Chairman of the Board The National Society for Road Safety in the County of Jönköping, Chairman of the Board The Swedish Export Credit Agency, Vice Chairman of the Board Stiftelsen SKAPA, Chairman Sveriges Radio 2007–2010, Vattenfall Bränsle AB 2004–2006, Vattenfall Vattenkraft AB 2003–2006, Vattenfall Business service AB 2003–2006 and Teracom AB (Telecommunication and IT) 2001–2007: Member of the Board. EIM (European Infrastructure Managers) 2009–2010 and Södertörn university 1997– 2003: Vice Chairman of the Board Västerbergslagens Energi AB, Chairman of the Board 2000–2004 Chairman of several different Councils

Fortum shares as of 1 April 2016: 0

HEINZ-WERNER BINZEL

Born 1954, nationality: German Economics and electrical engineering degree Independent member of Fortum's Board of Directors since 2011

Main occupation: Independent consultant

Primary work experience:

RWE Energy AG, Board member for procurement and sale of electricity, gas, and water 2003–2005 RWE Solutions AG, Board member as CFO, since 2002 as CEO, 1999–2003 NUKEM GmbH, several senior executive positions in Germany and the USA 1981– 1999

Key positions of trust:

TÜV Rheinland Holding AG, Member of the Supervisory board, Chairman of the Audit Committee RWE Solutions AG, Chairman of the Supervisory board 2003–2006

Fortum shares as of 1 April 2016: 0

EVA HAMILTON

Born 1954, nationality: Swedish B.A. Journalism. Honorary doctorate degree at Mid Sweden University (Mittuniversitetet) Independent Member of Fortum's Board of Directors since 2015

Main occupation:

Senior adviser

Primary work experience:

Sveriges Television (SVT), CEO, 2006–2014 Sveriges Television (SVT), Head of SVT Fiction, 2004–2006 Sveriges Television (SVT), Head of News, 2000–2004 Sveriges Television (SVT), Foreign Correspondent, Brussels 1993–1996 Aftonbladet 1978–1979, Svenska Dagbladet 1979–1988, Dagens Industri 1988–1989: news reporter

Key positions of trust:

Mexiko Media AB, Chairman of the Board LKAB, Member of the Board Lindex AB, Member of the Board IVA (Royal Swedish Academy of Engineering), Member of the Board, Chairman of Näringlivsrådet Nobel Center, Member of the Board Arholma Landsort AB, Member of the Board

Fortum shares as of 1 April 2016: 40 (nominee)

TAPIO KUULA

born 1957, nationality: Finnish MSc (Eng), MSc (Econ) Member of Fortum's Board of Directors since 2015, independent of the significant shareholders, not independent of the company (acted as President and CEO of Fortum until 31 January 2015)

Main occupation:

Non-executive Director

Primary work experience:

Fortum Corporation, President and CEO 2009–31 January 2015 Fortum Corporation, Senior Vice President 2005–2009 Fortum Corporation, Power and Heat Sector, President 2000–2005 Member of the Management Team of Fortum since 1997 Several managing director positions in utility companies in Finland

Key positions of trust:

Nokia Tyres Plc., Member of the Board Northern Dimension Business Council, Co-Chairman

Fortum shares as of 1 April 2016: 201,200

VELI-MATTI REINIKKALA

Born 1957, nationality: Finnish Executive Master of Business Administration Independent Member of Fortum's Board of Directors since 2016

Main occupation: Non-executive Director

Primary work experience:

ABB, President of Region Europe 2015 and Member of the Group Executive Committee 2006–2015 ABB, President of Process Automation division 2006–2014, Head of Business Area Process Automation 2005 ABB China, Automation Technologies Division Manager 2003–2004 ABB Drives & Power Electronics, Business Area Manager 2002 ABB Drives, Manager, 1996–2002 ABB Industry Oy, CFO 1994–1996 Before 1994, various positions in paper and packaging companies in Finland

Key positions of trust:

UPM-Kymmene Corporation, Member of the Board Quant AB, Member of the Board ABB, internal Board memberships until end of 2015

Fortum shares as of 1 April 2016: 3,000

JYRKI TALVITIE

Born 1966, nationality: Finnish Executive MBA, Master of Law Independent Member of Fortum's Board of Directors since 2014

Main occupation: Sberbank, Vice President, Strategic Partners and Investors

Primary work experience:

Russian Direct Investment Fund, Director 2014–2016 VTB Bank, Moscow, Senior Vice President 2010–2014 East Capital, Moscow, Chief Representative, Senior Advisor 2005–2010 URALSIB Financial Corporation, Moscow, Head of International Business, Chief Managing Director 2003–2005 BNP-Paribas, Securities Services, Paris, Senior Vice President 2003 The Bank of New York, London, Vice President 1997–2003

Key positions of trust:

LUT School of Business and Management, member of Advisory Board

Fortum shares as of 1 April 2016: 0