Fortum Enters Smart Grid With BaseN Platform

HELSINKI, December 8, 2010 - BaseN Corporation (https://www.basen.net/), dedicated to large scale
infrastructure monitoring and management, and the leading Finnish energy
company Fortum (www.fortum.com/), are continuing their cooperation by
developing smart grid applications. According to the two firms' agreement,
Fortum's customers will get real-time metering and monitoring of their
energy consumption as part of Fortum's overall service.

"BaseN's scalable production platform, the ability to collect and process
large amounts of data in real-time, opens up interesting opportunities for
us. As an industry forerunner, we want to utilize modern, next generation
metering technology, and to enable our customers to monitor their energy
consumption virtually in real-time, via our portal," says Fortum's
Development Manager Vesa Koivisto.

BaseN will complement Fortum as a partner in a new joint city living
project, by realizing a real-time monitoring system for electricity, water
and heating energy for an energy efficient apartment block to be built in
Espoo, near Helsinki.

The joint project in eco-efficient city living known as Espoo Adjutantti
is part of the smart grid and energy market research program, central to
which are new technology and services. Of equal importance to the program are
studies into customers' user experiences and of the overall practicality of
the entire concept, which will help ensure its functionality.

"The Adjutantti project is, for us, an important part of the smart grid
development project. We want also to study how BaseN's expertise in metering
technology can be used in other commercial solutions and applications,"
Koivisto summarizes.

"As well as discussing smart grids theoretically, it's also good to
realize some practical, real world projects, and our technology makes it
possible for us to do this. We appreciate Fortum's innovation, and their
willingness to create tomorrow's solutions today, so bringing new
possibilities to service markets," says BaseN's Director Jukka Vetelasuo.

BaseN Corporation

BaseN is an international measurement service provider, headquartered in
Finland and operating around the globe, dedicated to large scale
infrastructure monitoring and management. BaseN offers a complete portfolio
of services that monitor, measure, analyze and forecast massive data flows.
It also visualizes the measurements and provides real time overviews and
alerting functions through tailored portals.

BaseN has developed its system for telecom networks and has applied the
same technology to clean tech space and can immediately make real time data
available to millions of consumers, organizations and households in a cost
efficient way.

The BaseN Platform measures an equivalent of more than 10 million smart
meters every minute and makes the data available in real time. BaseN is to be
the foundation for the Smart Grid by connecting every point of energy
consumption in real time. www.basen.net

Fortum

Fortum is a leading energy company focusing on the Nordic countries,
Russia and the Baltic Rim area. Activities cover the generation, distribution
and sale of electricity and heat and the operation and maintenance of power
plants. The vision is to be the benchmark power and heat company excelling in
sustainability. In 2009, Fortum's sales totalled EUR 5.4 billion and
operating profit was EUR 1.8 billion. The company employs approximately
11,500 people. Fortum's shares are quoted on NASDAQ OMX Helsinki.
www.fortum.com

For more information, please contact: BaseN Corporation, Director Jukka Vetelasuo, jukka.vetelasuo(at)basen.net, tel. +358-50-1996; Fortum Oyj, Development Manager Vesa Koivisto, vesa.koivisto(at)fortum.com, tel. +358-50-453-6322