FORTUM CORPORATION BUSINESS RELEASE 26 JANUARY 2022

Sasu Valkamo, M.Sc. (Eng.), has been appointed Vice President of Fortum's Loviisa nuclear power plant, effective 1.2.2022.

Valkamo has extensive experience in the nuclear power sector and has had a number of roles at Fortum since 1992. Within the Fortum Generation division, he has been responsible for co-owned nuclear, thermal power, and the Loviisa 3 project. His most recent role was Vice President, Engineering & Projects.

"Loviisa nuclear power plant has done great work to ensure safe and reliable electricity generation. I am excited to assume my new role as Vice President of the Loviisa nuclear power plant," Sasu Valkamo says.

"I know that Sasu Valkamo will successfully lead the Loviisa nuclear power plant. His expertise and extensive experience in nuclear power will be an excellent addition to Loviisa power plant's management team," notes Simon-Erik Ollus, Executive Vice President, Fortum, Generation Division.

The current Vice President of Loviisa nuclear power plant, Satu Katajala, will take a role as Vice President of Nuclear Safety Oversight and international co-operation.

Media contacts:

Mia Söderström, Communications Manager, tel. +358 40 777 5989, mia[dot] soderstrom[at] fortum[dot] com

Loviisa power plant

In 2021, the load factor at Fortum's fully-owned Loviisa nuclear power plant was 92.9%. The continuous development and modernisation of the power plant enable load factors that are among the best for pressurised water reactors on an international scale. During the past five years Fortum's investments in the Loviisa power plant have totalled about EUR 325 million. In 2021, the power plant produced a total of 8.2 terawatt hours (net) of electricity, which is more than 10% of Finland's electricity production. Fortum employs about 700 nuclear sector professionals, 530 of them work at the Loviisa power plant. Additionally, nearly 100 permanent employees of other companies work in the power plant area every day. More information: www.fortum.com/loviisa

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Fortum Oyj published this content on 26 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 January 2022 09:15:07 UTC.