Table of Contents Table of Contents 2 List of Tables 5 List of Figures 7 Fortum Corporation, Power, Deals By Year, 2010 to YTD 2016 8 Fortum Corporation, Power Deals By Type, 2010 to YTD 2016 9 Fortum Corporation, Power, Deals By Region, 2010 to YTD 2016 10 Fortum Corporation, Power, Deals By Sector, 2010 to YTD 2016 11 Fortum Corporation, Power, Deals Summary, 2010 to YTD 2016 12 Fortum Corporation, Power, Deal Details 15 Asset Purchase 15 Fortum To Acquire District Heat Operations Of Erakute In Estonia For US$9.2 Million 15 Fortum to Invest USD71 Million in Wind Farm in Ulyanovsk, Russia 16 Fortum and Lietuvos Energija to Invest USD171.2 Million in Biomass Power Plant in Kaunas, Lithuania 17 Fortum to Acquire Additional Interest in Hydro Power Portfolio of TGC-1 from Gazprom Energoholding 18 Fortum Acquires Solar Power Plant In India 19 Lietuvos Energijos And Fortum To Invest US$263.4 Million In Cogeneration Power Plant In Vilnius, Lithuania 20 Fortum Heat To Invest US$258.4 Million In Cogeneration Power Project In Kaunsas County, Lithuania 21 Fortum And Seabased To Build US$33 Million Wave Power Project In Sotenas, Sweden 22 Fortum To Build Two Biofuel-Fired CHP Plants In Finland And Latvia 23 Fortum Invests US$110 Million For Parnu Combined Heat And Power Plant, Estonia 24 Fortum Corporation To Acquire 1% Stake In Bulgaria Nuclear Power Plant From Rosatom And NEK 25 Skelleftea And Fortum To Invest US$508 Million For Blaiken Wind Power Project, Sweden 26 Fortum To Invest US$157 Million For Combustion And Biomass Power Plant, Poland 27 Fortum Acquires Nokia Gas Turbine Power Plant From NLV, Finland 28 Fortum Plans Project Financing Of US$300 Million For Solar Power Plant In Russia 29 Venture Financing 30 AW-Energy Raises US$9 Million In Venture Financing Round 30 Private Equity 32 EQT Infrastructure Completes Acquisition Of Fortum Energiaratkaisut And Fortum Termest For US$261 Million 32 Partnerships 33 Fortum Enters Into An Agreement With Sollentuna Energi 33 Debt Offering 34 Fortum Completes Private Placement Of Bonds Due 2018 For US$313 Million 34 Fortum Completes Private Placement Of 2.75% Bonds Due 2018 For US$180 Million 35 Fortum Completes Public Offering Of 2.25% Bonds Due 2022 For US$1.25 Billion 36 Fortum Completes Private Placement Of 3.25% Bonds Due 2017 For US$259.4 Million 37 Fortum Completes Private Placement Of Bonds Due 2017 For US$148.2 Million 38 Fortum Completes Public Offering Of 4% Eurobonds Due 2021 For US$708.6 Million 39 Fortum Completes 3.125% Fixed Notes Offering For US$429 Million 40 Fortum Completes Floating Rate Notes Offering For US$429 Million 41 Asset Transactions 42 SIBUR Acquires Tobolsk Combined Heat and Power Plant in Tyumen Oblast, Russia from Fortum 42 Ineos Industries to Acquire Grangemouth CHP Plant in Scotland from Fortum for USD87.4 Million 43 Impax Asset Management Completes Acquisition Of Kuolavaara-Keulakkopaa Wind Farm In Finland From Fortum And Metsahallitus 44 Wpd Europe Acquires Tohkoja Wind Farm in Northern Ostrobothnia, Finland From Fortum 45 Fortum Sells Kauttua Combined Heat And Power Plant To Adven 46 Stora Enso Acquires Enocell Pulp Mill's Power Plant From Fortum Power For US$21.8 Million 47 Adven Acquires Kuusamo Combined Heat And Power Plant In Finland From Fortum 48 Impax Asset Management To Acquire Joukhaisselka Wind Farm In Finland From Fortum And Metsahallitus 49 Fortum Plans To Sell Sweden Power Grid Business 50 Fortum Plans To Sell Norway Power Grid Distribution Business 51 Fortum To Sell Portfolio Of Hydro Power Plants To Orsa Besparingsskog 52 TSME To Acquire Stake In Fortum Heat Naantali From Fortum 53 Acquisition 54 Fortum to Acquire Grupa Duon in Public Tender Offer 54 Consortium Completes Acquisition of Fortum Distribution from Fortum for USD7.03 Billion 55 Fortum May Acquire 66% Stake in Slovenske elektrarne from Enel Produzione for USD3.23 Billion 57 Fortum Acquires 13.6% Interest in Wello, Manufacturer of Ocean Wave Energy Converters 58 iCON Infrastructure Completes Acquisition of Fortum fjernvarme from Fortum for USD192.7 Million 59 Hafslund To Acquire Fortum Power and Heat From Fortum For US$61 Million 60 Suomi Power Networks Completes Acquisition Of Fortum Espoo Distribution And Fortum Sahkonsiirto From Fortum For US$3.51 Billion 61 E.ON To Acquire Remaining 30% Interest In Karlshamns Kraft From Fortum 63 Fortum To Sell 50% Stake In Riihimaen Kaukolampo For US$15 Million 64 Fortum To Sell 24.5% Stake In Ishavskraft To Kraftlag, Ymber, Repvag Kraftlag, Luostejok Kraftlag, And Troms Kraft 65 Fortum Acquires Elektrocieplownia Zabrze And Zespol Elektrocieplowni 66 Karlskoga Municipality Acquires 49% Interest In Karlskoga Energi & Miljo From Fortum 67 Fortum Corporation - Key Competitors 68 Key Employees 69 Locations And Subsidiaries 71 Head Office 71 Other Locations & Subsidiaries 71 Recent Developments 75 Feb 22, 2016: Valmet and Fortum: uniform EU-level sustainability criteria for bioenergy 75 Feb 19, 2016: Fortum to reorganise its business structure as of 1 April 2016 76 Feb 17, 2016: Solidification plant for Fortum's Loviisa power plant’s liquid radioactive waste starts operation 79 Feb 12, 2016: Fortum’s new bio-fuelled CHP plant in Stockholm in final testing phase before commissioning 80 Feb 03, 2016: Fortum targets to lower the fixed cost base of current operations by EUR 100 million 81 Feb 03, 2016: Low electricity prices and write-downs burdened continuing results – Dividend proposal EUR 1.10 per share 82 Feb 03, 2016: Fortum’s new vision and strategic cornerstones; updated financial targets 86 Jan 20, 2016: Fortum’s fourth quarter net profit will be impacted negatively by approx. EUR 185 million due to one-time impairments and provisions as well as fair value changes in derivatives 88 Jan 04, 2016: A good and safe production year 2015 at Fortum’s Loviisa nuclear power plant – sizeable investment programme progressed as planned 89 Dec 28, 2015: Fortum improves the supply of electricity and water in the village of Kapeli, India 90 Dec 23, 2015: Fortum starts 35MW wind farm project in Russia 91 Dec 22, 2015: Fortum: Swedish tax authority assessment on intragroup loans for 2013 results in double-taxation 92 Dec 01, 2015: Fortum starts commercial operation of Chelyabinsk GRES power plant's unit 1 in Russia; Chelyabinsk GRES 2 further delayed 93 Nov 19, 2015: The future energy system needs hydropower 94 Nov 17, 2015: Fortum to build more wind power in Sweden 95 Nov 11, 2015: DEC Sign Sweden Blaiken Wind Farm Phase IV Contract 96 Nov 09, 2015: Fortum to supply a combustion technology solution to reduce nitrogen emissions at EDF Polska power plant in Poland 97 Sep 30, 2015: Fortum estimates approx. EUR 700 million one-time negative impact on net profit due to planned closure of OKG nuclear units 1 and 2 in Sweden 98 Sep 22, 2015: Fortum to supply more ion exchange materials for purification of radioactive liquids in Fukushima, Japan 99 Sep 18, 2015: Annual outage 2015 at Fortum’s Loviisa nuclear power plant completed 100 Aug 18, 2015: Fortum to deliver solar power plant for Finnish Meteorological Institute's site in Helsinki 101 Aug 07, 2015: Annual outage 2015 to begin at Fortum’s Loviisa nuclear power plant 102 Jul 17, 2015: Interim Report January-June 2015: Low electricity prices continued to impact results negatively – somewhat compensated by hydro volumes 103 Jun 23, 2015: Fortum would prefer continued operations at Oskarshamn nuclear power units 1 and 2 108 May 21, 2015: Anne-Malorie Geron appointed as VP EU Affairs in Fortum's Corporate Relations 109 May 06, 2015: EU Horizon 2020 programme grants EUR 17 million for wave power research project coordinated by Fortum 110 Apr 29, 2015: Fortum Interim Report January-March 2015: Successful divestment of the Swedish electricity distribution business 111 Apr 15, 2015: IFRS 5 restatement of Fortum's income statement and cash flow for 2014 Distribution segment treated as discontinued operations 113 Mar 31, 2015: Fortum to invest in a new combined heat and power plant in Zabrze, Poland 114 Mar 26, 2015: Seabased Industry AB launches its first wave power park 115 Feb 27, 2015: Fortum's Markus Rauramo in Brussels: Competitive heat markets help in reaching EU climate and energy targets 116 Feb 04, 2015: Pekka Lundmark appointed Fortum's new President and CEO 117 Jan 15, 2015: Fortum Origination signs long term Balance and Trading agreement with BlaikenVind 118 Jan 08, 2015: KPA Unicon to supply a boiler plant to Fortum, Joensuu in Finland 119 Jan 02, 2015: A successful production year 2014 at Fortum's Loviisa nuclear power plant 120 Appendix 121 Methodology 121 About GlobalData 121 Contact Us 121 Disclaimer 121

List of Tables Fortum Corporation, Power, Key Facts, 2014 1 Fortum Corporation, Power, Deals Summary, 2010 to YTD 2016 1 Fortum Corporation, Power, Deals By Year, 2010 to YTD 2016 8 Fortum Corporation, Power Deals By Type, 2010 to YTD 2016 9 Fortum Corporation, Power, Deals By Region, 2010 to YTD 2016 10 Fortum Corporation, Deals By Sector, 2010 to YTD 2016 11 Fortum Corporation, Power, Deals Summary, 2010 to YTD 2016 12 Fortum To Acquire District Heat Operations Of Erakute In Estonia For US$9.2 Million 15 Fortum to Invest USD71 Million in Wind Farm in Ulyanovsk, Russia 16 Fortum and Lietuvos Energija to Invest USD171.2 Million in Biomass Power Plant in Kaunas, Lithuania 17 Fortum to Acquire Additional Interest in Hydro Power Portfolio of TGC-1 from Gazprom Energoholding 18 Fortum Acquires Solar Power Plant In India 19 Lietuvos Energijos And Fortum To Invest US$263.4 Million In Cogeneration Power Plant In Vilnius, Lithuania 20 Fortum Heat To Invest US$258.4 Million In Cogeneration Power Project In Kaunsas County, Lithuania 21 Fortum And Seabased To Build US$33 Million Wave Power Project In Sotenas, Sweden 22 Fortum To Build Two Biofuel-Fired CHP Plants In Finland And Latvia 23 Fortum Invests US$110 Million For Parnu Combined Heat And Power Plant, Estonia 24 Fortum Corporation To Acquire 1% Stake In Bulgaria Nuclear Power Plant From Rosatom And NEK 25 Skelleftea And Fortum To Invest US$508 Million For Blaiken Wind Power Project, Sweden 26 Fortum To Invest US$157 Million For Combustion And Biomass Power Plant, Poland 27 Fortum Acquires Nokia Gas Turbine Power Plant From NLV, Finland 28 Fortum Plans Project Financing Of US$300 Million For Solar Power Plant In Russia 29 AW-Energy Raises US$9 Million In Venture Financing Round 30 EQT Infrastructure Completes Acquisition Of Fortum Energiaratkaisut And Fortum Termest For US$261 Million 32 Fortum Enters Into An Agreement With Sollentuna Energi 33 Fortum Completes Private Placement Of Bonds Due 2018 For US$313 Million 34 Fortum Completes Private Placement Of 2.75% Bonds Due 2018 For US$180 Million 35 Fortum Completes Public Offering Of 2.25% Bonds Due 2022 For US$1.25 Billion 36 Fortum Completes Private Placement Of 3.25% Bonds Due 2017 For US$259.4 Million 37 Fortum Completes Private Placement Of Bonds Due 2017 For US$148.2 Million 38 Fortum Completes Public Offering Of 4% Eurobonds Due 2021 For US$708.6 Million 39 Fortum Completes 3.125% Fixed Notes Offering For US$429 Million 40 Fortum Completes Floating Rate Notes Offering For US$429 Million 41 SIBUR Acquires Tobolsk Combined Heat and Power Plant in Tyumen Oblast, Russia from Fortum 42 Ineos Industries to Acquire Grangemouth CHP Plant in Scotland from Fortum for USD87.4 Million 43 Impax Asset Management Completes Acquisition Of Kuolavaara-Keulakkopaa Wind Farm In Finland From Fortum And Metsahallitus 44 Wpd Europe Acquires Tohkoja Wind Farm in Northern Ostrobothnia, Finland From Fortum 45 Fortum Sells Kauttua Combined Heat And Power Plant To Adven 46 Stora Enso Acquires Enocell Pulp Mill's Power Plant From Fortum Power For US$21.8 Million 47 Adven Acquires Kuusamo Combined Heat And Power Plant In Finland From Fortum 48 Impax Asset Management To Acquire Joukhaisselka Wind Farm In Finland From Fortum And Metsahallitus 49 Fortum Plans To Sell Sweden Power Grid Business 50 Fortum Plans To Sell Norway Power Grid Distribution Business 51 Fortum To Sell Portfolio Of Hydro Power Plants To Orsa Besparingsskog 52 TSME To Acquire Stake In Fortum Heat Naantali From Fortum 53 Fortum to Acquire Grupa Duon in Public Tender Offer 54 Consortium Completes Acquisition of Fortum Distribution from Fortum for USD7.03 Billion 55 Fortum May Acquire 66% Stake in Slovenske elektrarne from Enel Produzione for USD3.23 Billion 57 Fortum Acquires 13.6% Interest in Wello, Manufacturer of Ocean Wave Energy Converters 58 iCON Infrastructure Completes Acquisition of Fortum fjernvarme from Fortum for USD192.7 Million 59 Hafslund To Acquire Fortum Power and Heat From Fortum For US$61 Million 60 Suomi Power Networks Completes Acquisition Of Fortum Espoo Distribution And Fortum Sahkonsiirto From Fortum For US$3.51 Billion 61 E.ON To Acquire Remaining 30% Interest In Karlshamns Kraft From Fortum 63 Fortum To Sell 50% Stake In Riihimaen Kaukolampo For US$15 Million 64 Fortum To Sell 24.5% Stake In Ishavskraft To Kraftlag, Ymber, Repvag Kraftlag, Luostejok Kraftlag, And Troms Kraft 65 Fortum Acquires Elektrocieplownia Zabrze And Zespol Elektrocieplowni 66 Karlskoga Municipality Acquires 49% Interest In Karlskoga Energi & Miljo From Fortum 67 Fortum Corporation, Key Competitors 68 Fortum Corporation, Key Employees 69 Fortum Corporation, Other Locations 71 Fortum Corporation, Subsidiaries 72 List of Figures Fortum Corporation, Power, Deals by Type, 2010 to YTD 2016 1 Fortum Corporation, Power, Deals By Year, 2010 to YTD 2016 1 Fortum Corporation, Power, Deals By Region, 2010 to YTD 2016 1 Fortum Corporation, Power, Deals By Sector, 2010 to YTD 2016 1 Fortum Corporation, Power, Deals By Year, 2010 to YTD 2016 8 Fortum Corporation, Power, Deals by Type, 2010 to YTD 2016 9 Fortum Corporation, Power, Deals By Region, 2010 to YTD 2016 10 Fortum Corporation, Power, Deals by Sector, 2010 to YTD 2016 11