Share subscriptions with Kesko's 2007B options

KESKO CORPORATION STOCK EXCHANGE NOTIFICATION 31.05.2011 AT 09.00 1(1) By 16 May 2011, a total of 2,750 new company B shares had been subscribed for with the 2007B options based on Kesko Corporation's 2007 stock option scheme. The subscribed shares have today been entered in the Trade Register. The whole subscription price of €64,267.50 is recorded in the company's reserve of invested non-restricted equity. As a result of the subscriptions, the number of the company B shares has reached 66,907,035. The new B shares will be available for public trading on NASDAQ OMX Helsinki together with the old B shares from Wednesday, 1 June 2011. By 16 May 2011, a total of 2,750 new B shares had been subscribed for with 2007B options. The share subscription price with 2003B options is €23.37 per share. After the subscriptions, the total number of company shares has risen to 98,644,042, of which 31,737,007 are A shares and 66,907,035 are B shares. Each A share carries ten votes and each B share one vote. After the subscriptions, the number of votes carried by the company shares is 384,277,105. The new B shares carry the right to dividend and other shareholder rights with effect from today. The options are based on the resolution on the 2007 option scheme passed at the company's Annual General Meeting on 26 March 2007. Three units with an equal number of shares, i.e. 2007A, 2007B and 2007C, or an aggregate of 3,000,000 options have been issued under the scheme. One option entitles its holder to subscribe for one company B share during the subscription period, which is 1 April 2010-30 April 2012 for 2007A options, 1 April 2011-30 April 2013 for 2007B options and 1 April 2012-30 April 2014 for 2007C options. After the subscriptions, 997,250 B shares remain to be subscribed for with 2007B options. Shares have not been subscribed for with 2007A options. The share subscription period of 2007C options has not yet started. The terms and conditions of the 2007 stock option scheme can be read on Kesko's website at: The terms and conditions of the option scheme were also published in a stock exchange release on 26 March, 2007. Further information is available from Corporate Counsel Jarkko Karjalainen, telephone +358 1053 22602. Kesko Corporation Merja Haverinen Senior Vice President, Corporate Communications and Responsibility DISTRIBUTION NASDAQ OMX Helsinki Main news media This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Kesko Oyj via Thomson Reuters ONE [HUG#1520040]