Fortum Oyj

Board/Management Information • Mar 2, 2023

FORTUM'S NEW LEADERSHIP TEAM, EFFECTIVE AS OF 31 MARCH 2023

Markus Rauramo

President and CEO since 1 July 2020 Born 1968, nationality: Finnish M.Soc.Sc. (Econ. and Pol. Hist.), University of Helsinki Member of the Executive Management since 2012 Employed by Fortum since 2012 The President and CEO is in charge of the day-to-day management of the Group. Fortum shareholding on 31 Dec 2022: 112,739

Previous positions: CFO of Fortum Corporation 2017–2020 and 2012–2014 and acting CEO in 2013, Executive Vice President, City Solutions -division of Fortum Corporation 2014–2017; CFO of Stora Enso Oyj 2008–2012; SVP, Group Treasurer of Stora Enso International 2004–2008; VP, Strategy and Investments at Stora Enso Oyj 2001–2004; VP Head of Funding of Stora Enso Financial Services 1999–2001; several financial tasks at Enso Oyj 1993–1999

Key positions of trust: Member of the Board of Directors of Sampo plc and East Office of Finnish Industries Oy

Lemström Mikael

Executive Vice President, Hydro Generation Born 1967 Nationality: Finnish MSc Eng, Technical Physics, Helsinki University of Technology, Finland Member of Executive Management since 2023 Employed by Fortum since 1990 Fortum shareholding on 28 Feb 2023: 14,376

Previous positions: Fortum Corporation,

Vice President, Hydro, 2022–2023, Head of Co-owned Nuclear 2021–22, Vice President, Heat 2009–2021, Vice President, Sales, several international positions in South East Asia, Poland.

Key positions of trust:

Board member of Kemijoki Oy, Forsmark Kraftgrupp AB and Voimaosakeyhtiö SF

Lundström Petra

Executive Vice President, Nuclear Generation Born 1966 Nationality: Finnish M.Sc. Eng., Technical Physics, Helsinki University of Technology, Finland Member of Executive Management since 2023 Employed by Fortum since 1990 Fortum shareholding on 28 Feb 2023: 13,178

Previous positions: Fortum Corporation: Vice President positions within Generation/Nuclear division 2014–2023, Vice President, Solar Business Development 2012–2014, Vice President, Chief Technology Officer, 2008–2012, various position within Fortum Group 1990–2008.

Key positions of trust: Board member of Teollisuuden Voima Oyj, Oskarshamns Kraftgrupp AB (Deputy Chair), Vaisala Oyj, Forsmarks Kraftgrupp AB, Posiva Solutions Oy, VTT Technical Research Centre of Finland Ltd, member of Technology and Innovation Board (chaired by Prime Minister) and Strategic Research Council (governed by Academy of Finland).

Strannegård Peter Executive Vice President, Renewables and Decarbonisation Born 1968 Nationality: Swedish M.Sc., Industrial Engineering and Management, Chalmers University of Technology, Sweden MBA, INSEAD, France Member of Executive Management since 2023 Employed by Fortum since 2007 Fortum shareholding on 28 Feb 2023: 2,177

Previous positions: Fortum Corporation: Vice President, Strategic Projects 2018–2023, Vice President, Head of Fortum Business Services 2016-2018, several Vice President positions within Fortum group.

Key positions of trust: –

Simon-Erik Ollus

Executive Vice President, Corporate Customers and Markets Born 1978, nationality: Finnish M.Soc.Sc. (Economics) Member of Executive Management since 2021 Employed by Fortum since 2009 Fortum shareholding on 31 Dec 2022: 6,462

Previous positions: Fortum Corporation: Executive Vice President, Generation 2021-2023, Vice President, Trading and Asset Optimisation,

Fortum Generation Division 2016–2021; Chief Economist & Vice President, Industrial Intelligence and Investment Analysis, Fortum Corporate and Fortum Power Division 2013–2016; Chief Economist & Vice President, Industrial Intelligence and Trading IT, Trading and Industrial Intelligence 2011–2013; Various leadership positions in trading, industrial intelligence, strategy and R&D at 2009–2011; Advisor, East Office of Finnish Industries 2008–2009; Economist, Bank of Finland 2004–2008

Key positions of trust: Chair of the Board of Directors of Kemijoki Oy, Member of the Board of Directors of Finnish Energy, Chairman of industry and climate committee of Finland Chambers of Commerce

Mikael Rönnblad

Executive Vice President, Consumer Solutions since 2017 Born 1969, nationality: Finnish M.Sc. (Econ.) Member of the Executive Management since 2017 Employed by Fortum since 2017 Fortum shareholding 31 Dec 2022: 20,619

Previous positions: Senior Vice President &

General Manager of New Digital Services

Businesses and Consumer Customers Executive Board Member of Elisa Corporation 2009–2017; Vice President, Corporate Strategy and M&A of Elisa Corporation 2004–2009; Director and Global Head of Nordic Sector of ABN AMRO Global Equities 2000–2004; General Manager and Head of Department at Telenor Hungary 1999–2000; Manager, Corporate Venturing and International Mobile Operations at Sonera Corporation 1997–2000; Project Director and Assistant Professor (acting) at Hanken Swedish School of Economics 1995–1997; Junior Strategy Consultant at Vectia Ltd 1994–1995; In-house Consultant, Major Accounts Sales at Nokia Corporation 1991–1993

Key positions of trust: Chairman of the Board of Nikus Oy Ab

Tiina Tuomela

CFO as of 1 April 2023 Born 1966, nationality Finnish Member of Executive Management as of 1 April 2023 Employed by Fortum again as of 1 April 2023. Joined originally in 1990. M.Sc. (Eng.), MBA Fortum shareholding on 28 Feb 2023: 40,110

Previous positions:

CFO and member of the Board of Management of Uniper 2021–2023, Executive Vice President, Generation 2016–2021 and a member of the Fortum Executive Management team 2014–2021. She originally joined Fortum in 1990, and has previously led Fortum's Nuclear and Thermal Power Division as well as held several financial and managerial positions.

Key positions of trust: Chair of the Board of Directors of the Finnish nuclear power company TVO and a member of the Board of Directors of the Finnish technology company Wärtsilä.

Nebahat Albayrak

Executive Vice President, Sustainability and Corporate Relations Born 1968, nationality: Dutch, Turkish LLM, International and European Law, University of Leiden, Netherlands Member of the Executive Management and employed by Fortum since 2021 Fortum shareholding 31 Dec 2022: 555

Previous positions: Fortum Corporation: Senior Vice President Corporate Affairs, Safety and Sustainability

(incl. Group Communications, Public Affairs, and Brand) since 2021; Vice President, Ext. Relations, Integrated Gas & New Energies 2016–2021 and Vice President, External Communications & Relations, Global Upstream 2012–2016 of Royal Dutch Shell; MP, PvdA & Chair of the Foreign Affairs Committee and Spokesperson for European Affairs 2010– 2012, and MP, PvdA & Spokesperson for Defense, Justice and Migration 1998–2007 at the House of Representatives of the Netherlands; State Secretary for Justice 2007–2010 at Ministry of Justice, the Netherlands; Policy Officer, Minorities Integration Policy Department 1995–1998 and Policy Officer, European and International Affairs 1993–1995 at the Ministry of Home Affairs and Kingdom Relations, the Netherlands

Key positions of trust: Member of the Supervisory Boards of Nederlandse Spoorwegen (Dutch railways) and NKT Denmark, member of the Advisory Board of Topvrouwen.nl

Eveliina Dahl

Executive Vice President, People and Procurement Born 1983, nationality: Finnish M.Sc. (Eng.) Member of the Executive Management since 2021 Employed by Fortum since 2006 Fortum shareholding on 31 Dec 2022: 2,554

Previous positions:

Fortum Corporation: Senior Vice President,

People and Procurement since 2021; Vice President, People, City Solutions division & People Service 2018−2021, Business People Partner, TNV & eNext 2016−2018, Development Manager, Corporate Strategy 2009−2016, Procurement Manager 2007−2009, Purchasing Analyst 2007

Nora Steiner-Forsberg

Executive Vice President, Legal, General Counsel Born 1973 Nationality: Finnish LLM, Helsinki University, Finland and Master of European Law, College of Europe, Bruges, Belgium Member of Executive Management since 2021 Employed by Fortum since 2011 In addition to Corporate Legal, the General Counsel's responsibilities include Corporate Governance, Ethics and Compliance, Internal Controls and Data Privacy Fortum shareholding on 31 Dec 2022: 1,461

Previous positions: Fortum Oyj: General Counsel since 1 May 2021; Vice President, Generation Legal 2019−2021, Head of Generation Legal 2015−2019, Legal Counsel/Senior Legal Counsel 2011−2015; Market Court Helsinki, Finland, Judge 2009−2011; Hannes Snellman Attorneys Ltd, Senior Associate 2005−2009; Van Bael & Bellis, Belgium, Associate Lawyer 2001−2005; Environment and Business Lawyers Ltd, Helsinki, Finland, Associate Lawyer 1998−2000

Key positions of trust: Member of the Legal Affairs Committee of Confederation of Finnish Industries

Bernhard Günther

Chief Transformation Officer Born 1967, nationality: German Master of economics and PhD (Econ.), St. Gallen Member of Executive Management and employed by Fortum since 2021 Fortum shareholding 31 Dec 2022: 555

Previous positions: Fortum Corporation: Chief Financial Officer 2021–2023, CFO and CHRO of innogy SE 2019–2020 and CFO 2016–2019; CFO of RWE AG 2013–2016 and Member of the Executive Board 2012–2016;

Managing Director and Chief Financial Officer of RWE Supply & Trading GmbH 2008–2012; Managing Director and Chief Financial Officer of RWE Trading GmbH 2007–2008; Managing Director and Chief Financial Officer of RWE Gas Midstream GmbH 2007–2008; Vice President Group Controlling of RWE AG 2005–2006; Vice President Corporate Planning and Controlling of RWE Power AG 2001–2005; Head of Department Group Controlling of RWE AG 1999–2001; Management Consultant at McKinsey & Company 1993–1998

Key positions of trust: Member of the Supervisory Board of Thyssenkrupp AG