Alma Media - Company Announcement

Alma Media acquires the leading online recruitment company in the Czech Republic

Alma Media Corporation Stock Exchange Release  December 21, 2011 at 12:00 (EET)

ALMA MEDIA ACQUIRES THE LEADING ONLINE RECRUITMENT COMPANY IN THE CZECH REPUBLIC

Alma Media Corporation has today agreed to acquire LMC s.r.o, the company behind
the two leading recruitment portals in the Czech Republic. The acquisition price
on an enterprise value basis is EUR 35.4 million, paid in cash at closing. In
addition, there is an earn-out payment of EUR 3.9 million at maximum based on
LMC's financial performance in 2012. The transaction is estimated to be closed
on January 2, 2012.

The acquisition is in line with Alma Media's strategy to seek growth from
digital services and internationalise its operations. In 2011, the annual
revenue of LMC is expected to grow by approximately 25 % from the previous year
and amount to EUR 16.5 million, while the EBITDA is estimated to total EUR 4.6
million. The company will be reported as part of Alma Media's Marketplaces
segment.

LMC was established by the seller, Mr Libor Malý, in 1996 and since then the
company has been the Czech market leader. LMC operates two recruitment portals
in the Czech Republic (www.jobs.cz and www.prace.cz) and one in Slovakia
(www.topjobs.sk). LMC has in total approximately 25,000 registered B2B customers
and approximately one million registered job seekers. LMC employs approximately
200 persons located mainly in Prague. The acquisition will have no effect on
LMC's employees or the brand names.

 "Through this transaction, we take a major step in the internationalisation of
our online recruitment segment. I am very satisfied that LMC's talented team
will join Alma Media. I firmly believe that the know-how of LMC combined with
Alma Media's strong experience in online services, also in the field of
recruitment, will provide us with great opportunities to further develop our
services to benefit of our customers", says Raimo Mäkilä, Senior Vice President
of Alma Media's Marketplaces business area."It has been important for me to ensure LMC's continued strong development after
the transaction, and I am very satisfied with Alma Media as the new owner of the
company. I am convinced that the transaction brings interesting development
opportunities for LMC's management and employees as well as enables LMC to
continue launching new innovative services to its customers", says Libor Malý,
the founder of LMC.

Alma Media Corporation
Rauno Heinonen
Vice President, Corporate Communications and Investor Relations

For further information, please contact:
Raimo Mäkilä, Senior Vice President, Marketplaces, tel. +358 10 665 5802.


Distribution: NASDAQ OMX Helsinki Stock exchange, principal media


Alma Media in brief
Alma Media is a dynamic media company whose best-known products are Aamulehti,
Iltalehti, Kauppalehti and Etuovi.com. Alma Media employs approximately 2,800
professionals. The company's net sales in 2010 totalled MEUR 311.4 with an
operating margin of 13.9 per cent. Alma Media's share (ALN1V) is listed in the
NASDAQ OMX Helsinki Exchange. Read more atwww.almamedia.fi

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