Fortum (FORTUM) AGM 2022 summary

Opening remarks and agenda

• AGM held at headquarters in Espoo, Finland, on 28 March 2022 under special arrangements.

Financial performance review

• FY2021 financial statements and consolidated financial statements adopted.

Board and executive committee updates

• Nine directors elected for terms ending at the close of the 2023 AGM: Veli-Matti Reinikkala as Chair, Anja McAlister as Deputy Chair, and Luisa Delgado, Essimari Kairisto, Teppo Paavola, Philipp Rösler, Annette Stube, Ralf Christian and Kimmo Viertola as members.

• Annual director fees set at €88,800 for the Chair, €63,300 for the Deputy Chair, €43,100 for other members, and €63,300 for the Audit and Risk Committee Chair if not also Board Chair or Deputy Chair.

• ~40% of annual Board fees to be paid in shares and the remainder in cash; share purchases planned within two weeks after publication of the Q1 2022 interim report, subject to stated exceptions.

• Meeting fees set at €800, or €1,600 when a member travels from outside their country of residence; committee fees set separately and paid in cash.