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Finland : Fortum corporation stock exchange release 3 September 2014 at 9.00 EEST

September 4, 2014

Eero Heliovaara, Director General of the Government Ownership Steering Department, Prime Minister's Office; Liisa Hyssala, Director General, The Social Insurance Institution of Finland, KELA and Timo LÖyttyniemi, Managing Director, The State Pension Fund (of Finland). In addition, the Chairman of Fortum's Board of Directors Sari Baldauf is a member of the Shareholders' Nomination Board.

The Annual General Meeting of Fortum Corporation, held on 9 April 2013, established a permanent Shareholders' Nomination Board, in accordance with the proposal of the company's Board of Directors. The Shareholders' Nomination Board consists of four members, three of which shall be appointed by the company s three largest shareholders, who shall appoint one member each. The Chairman of the Board of Directors serves as the fourth member. The members shall be nominated annually and their term of office shall end when new members are nominated to replace them.

The purpose and task of the Shareholders' Nomination Board is to prepare and present to the Annual General Meeting, and, if necessary, to an Extraordinary General Meeting, a proposal on the following matters: proposal on the remuneration, number and members of the Board of Directors. In addition, the task of the Shareholders' Nomination Board is to seek candidates as potential board members.

The now appointed Nomination Board shall forward its proposals for the Annual General Meeting to the Board of Directors by 31 January 2015.

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Source: TendersInfo (India)

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