Kesko Oyj - Company Announcement

Shareholders' proposal to the Annual General Meeting for the Kesko Board's composition and remuneration

KESKO CORPORATION STOCK EXCHANGE RELEASE 02.02.2012 AT 09.30 1(2)

Kesko Corporation's shareholders jointly holding over 10% of the votes carried
by the company shares have made a proposal to the Annual General Meeting to be
held on 16 April 2012 for the number of Board members, the Board members, their
remuneration and the reimbursement of their expenses.

Proposal for the number of Board members and the Board members

Kesko Corporation's shareholders jointly holding over 10% of the votes carried
by the company shares have proposed that the company's Annual General Meeting
resolve that the number of Board members be seven (7) and that Mr Esa Kiiskinen,
Mr Ilpo Kokkila, Mr Tomi Korpisaari (new member), Ms Maarit Näkyvä, Mr Seppo
Paatelainen, Mr Toni Pokela (new member) and Ms Virpi Tuunainen (new member) be
elected as Board members for a term of three years provided in the Articles of
Association.

New Board member candidate Tomi Korpisaari, b. 1968, acts as the retailer of a
combined building and home improvement and agricultural store on five
localities. Korpisaari has acted as a K-retailer since 1995. Korpisaari's
positions of trust include Board Deputy Chair of the K-Retailers' Association,
Board member of Vähittäiskaupan Takaus Oy, Board member of Vähittäiskaupan
Tilipalvelu VTP Oy, Board member of K-instituutti Oy, Board Deputy Chair of the
Foundation for Vocational Training in the Retail Trade, Supervisory Board member
of OP-Pohjola Group Central Cooperative, Supervisory Board Chair of Riihimäen
Seudun Osuuspankki, member of the Delegation for Entrepreneurs of the
Confederation of Finnish Industries EK, member of the delegation of family
enterprises of Perheyritysten Liitto, and Board member and Managing Director of
Olavi Korpisaari Oy. Olavi Korpisaari Oy, the company controlled by Korpisaari,
has a chain agreement with Rautakesko Ltd. At 31 January 2012, Korpisaari and
Olavi Korpisaari Oy held a total of 82,373 Kesko Corporation A shares and 500
Kesko Corporation B shares. By education, Korpisaari is a Master of Science in
Economics.

New Board member candidate Toni Pokela, b. 1973, acts as the retailer of K-
citymarket Iso Omena in Espoo. Pokela has acted as a K-retailer since 1997.
Pokela's positions of trust include Board member of the K-Retailers'
Association, Board Chair of the K-Food Retailers' Club, Board member of
Vähittäiskaupan Takaus Oy, Board member of K-instituutti Oy, Board member of the
Finnish Grocery Trade Association and Board member and Managing Director of
Pokela Oy Iso Omena. Pokela Oy Iso Omena, the company controlled by Pokela, has
a chain agreement with Kesko Food Ltd. At 31 January 2012, Pokela Oy Iso Omena
held a total of 109,400 Kesko Corporation A shares. By education, Pokela is a
secondary school graduate.

New Board member candidate Virpi Tuunainen, b. 1967, acts as the Professor of
Information Systems Science (information and service management) at Aalto
University School of Economics and Director of Aalto Service Factory.
Tuunainen's positions of trust include Board member of KP-Media Oy, Advisory
Board member of SFR-Scandinavian Financial Research Ltd, Academic Advisory Board
member of Cambridge Service Alliance and Chair of Real-Time Economy Competence
Center at Aalto University. Since 1995, she has held various positions, which
include Visiting Researcher, Visiting Professor and Professor at Finnish and
foreign universities and higher education institutions. At 31 January 2012,
Tuunainen held no Kesko Corporation shares. By education, Tuunainen is a Doctor
of Science in Economics.

All of the proposed candidates have given their consent to the election. The
biographical details of all candidates proposed for Board members are available
on the company's website at www.kesko.fi/Investors.

Proposal for the remuneration of Board members and the reimbursement of their
expenses

In addition, the said shareholders propose that the remuneration of the Board
members and the Board Committees' members, and the reimbursement of their
expenses remain unchanged as follows:

- the Board Chair, an annual remuneration of €80,000,
- the Board Deputy Chair, an annual remuneration of €50,000,
- a Board member, an annual remuneration of €37,000,
- a meeting fee of €500/meeting for a Board meeting and its Committee's meeting,
and a meeting fee of €1,000/meeting to a Committee Chair who is not the Chair or
the Deputy Chair of the Board,
- daily allowances and compensation for travelling expenses are paid to the
Board members in accordance with the general travel rules of Kesko.

The above proposals will be included in the notice of the General Meeting which
will be published separately.

Further information is available from Vice President, General Counsel Anne
Leppälä-Nilsson, tel. +358 1053 22347.


Kesko Corporation



Merja Haverinen
Senior Vice President, Corporate Communications and Responsibility


DISTRIBUTION
NASDAQ OMX Helsinki
Main news media
www.kesko.fi


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