News Column

Proposals by the Fortum's Shareholders' Nomination Board to the Annual General Meeting 2014

January 29, 2014

Espoo, Finland , 2014-01-30 07:00 CET (GLOBE NEWSWIRE) -- FORTUM CORPORATION STOCK EXCHANGE RELEASE 30 January 2014 at 08.00 EET Fortum's Shareholders' Nomination Board has forwarded to Fortum's Board of Directors its proposals to the Annual General Meeting 2014. The Shareholders' Nomination Board will propose to the Annual General Meeting that the Board consists of eight (8) members and that the following persons be elected to the Board of Directors for a term ending at the end of the Annual General Meeting 2015: To be re-elected: Ms Sari Baldauf as Chairman Mr Kim Ignatius as Deputy Chairman Ms Minoo Akhtarzand as member Mr Heinz-Werner Binzel as member Ms Ilona Ervasti-Vaintola as member and Mr Christian Ramm-Schmidt as member. To be elected: Mr Petteri Taalas as member and Mr Jyrki Talvitie as member. Further, the Shareholders' Nomination Board will propose to the Annual General Meeting 2014 that the fees to be paid to the members of Board remain unchanged compared to 2013 and are for 2014 as follows: Chairman: EUR 75,000 /year Deputy Chairman: EUR 57,000 /year Members: EUR 40,000 /year The Chairman of the Audit and Risk Committee , if he/she is not simultaneously acting as Chairman or Deputy Chairman of the Board: EUR 57,000 /year In addition, for each Board and Board Committee meeting a fee of EUR 600 is proposed. For Board members living outside Finland in Europe , the fee for each meeting is proposed to be doubled and for Board members living outside Europe , the fee for each meeting is proposed to be tripled. The members in the Shareholders' Nomination Board are: Eero HeliÖvaara, Director General of the Prime Minister's Office's Ownership Steering Department (chairman), Harri Sailas , President and CEO of Ilmarinen Mutual Pension Insurance Company , Liisa HyssÄlÄ, Director General of Kela and Sari Baldauf , Chairman of Fortum Corporation's Board of Directors. Fortum Corporation Helena Aatinen Senior Vice President, Corporate Communications Further information: Eero HeliÖvaara, Chairman of the Shareholders' Nomination Board, tel. +358 295 160 150 Distribution: NASDAQ OMX Helsinki Key media Biographical details of the new proposed Board members: PETTERI TAALAS Born 1961 Education: PhD in Meteorology, University of Helsinki Main occupation: Director General of the Finnish Meteorological Institute , 2002-2005, 2007- Primary work experience: Director, World Meteorological Organization , 2005-2007 Research professor, Finnish Meteorological Institute , remote sensing (satellites), 2000-2002 Head of research/senior scientist, Finnish Meteorological Institute , 1986-1999 Key positions of trust: Member of Executive Council , World Meteorological Organisation Chairman of EUMETSAT Council ( European Organisation for the Exploitation of Meteorological Satellites ) Delegate for Finland to the Intergovernmental Panel on Climate Change (IPCC) Member of Stakeholders' Advisory Council , Fortum Corporation Shareholdings: Petteri Taalas does not own Fortum Corporation's shares. JYRKI TALVITIE Born 1966 Education: Executive MBA, London Business School Master of Law, University of Helsinki Main occupation: VTB Bank, Moscow , Senior Vice President, 2010- Primary work experience: 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: - Shareholdings: Jyrki Talvitie does not own Fortum Corporation's shares. Fortum Fortumís purpose is to create energy that improves life for present and futuregenerations. We provide sustainable solutions that fulfil the needs for low emissions, resource efficiency and energy security, and deliver excellent value to our shareholders. Our activities cover the generation, distribution and sales of electricity and heat as well as related expert services. Fortumís operations focus on the Nordic countries, Russia , Poland and the Baltic countries. In the future, the integrating European and fast-growing Asian energy markets provide additional growth opportunities. In 2012, Fortumís sales totalled EUR 6.2 billion and comparable operating profit was EUR 1.7 billion . We employ approximately 10,400 people. Fortumís shares are quoted on NASDAQ OMX Helsinki. Additional information: Copyright © 2014 OMX AB (publ).

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Source: OMX

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