Alma Media - Decisions of general meeting

Decisions taken by the Annual General Meeting and Board of Directors of Alma Media

Alma Media Corporation   Stock exchange release   March 17, 2011 at 16:30

DECISIONS TAKEN BY THE ANNUAL GENERAL MEETING AND BOARD OF DIRECTORS OF ALMA
MEDIA

The Annual General Meeting (AGM) of Alma Media Corporation, held today on March
17, 2011, adopted the financial statements for 2010 and discharged the members
of the Board of Directors and the President and CEO from liability. The AGM
decided to distribute a dividend of EUR 0.70 per share. The AGM elected Mr Timo
Aukia and Mr Petri Niemisvirta as new members for the Board of Directors. In its
constitutive meeting held after the AGM, the Board of Directors elected Seppo
Paatelainen as Chairman of the Board.

A total of 222 shareholders representing 76% of all shares and votes attended
the Annual General Meeting.

Dividend

The AGM resolved that a dividend of EUR 0.70 per share be paid on March
29, 2011 for shareholders who are entered in Alma Media Corporation's
shareholder register maintained by Euroclear Finland Oy no later than the record
date, March 22, 2011. The decision was in accordance with the proposal by the
Board of Directors.

Remuneration of the members of the Board of Directors

In accordance with the proposition by the Nomination and Compensation Committee
of the Board, the AGM decided to increase the remuneration of the members of the
Board. The annual remuneration has remained unchanged since 2005. The AGM
decided that the Chairman of the Board be paid an annual fee of EUR 33,000
(previously 30,000), the Deputy Chairman EUR 27,000 (24,000) and ordinary
members EUR 22,000 (20,000). The meeting fees remain unchanged, as proposed by
the Nomination and Compensation Committee.

Alma Media continues to pay the annual fees for the members of the Board in Alma
Media Corporation shares, by acquiring for the members a number of shares
corresponding to approximately 40% of the full amount of the annual
remuneration, and the remainder in money for taxation purposes. Shares thus
acquired may not be transferred until the recipient's membership in the Board
has ended. In case shares cannot have been acquired until the end of 2011, for
example due to pending insider transactions, the full annual remuneration is
paid in money.

Composition of the Board of Directors

As proposed by the Nomination and Compensation Committee of the Board, the AGM
confirmed the number of Board members at seven (7).

In accordance with the proposal by the Nomination and Compensation Committee of
the Board, the AGM re-elected Seppo Paatelainen, Kai Seikku, Erkki Solja,
Catharina Stackelberg-Hammarén and Harri Suutari to the Board of Directors for
the term ending at the close of the following annual general meeting. Timo Aukia
and Petri Niemisvirta were elected as new members of the Board for the same
term.

Election and remuneration of the auditor

In accordance with the recommendation of the Audit Committee, the auditors' fee
was decided to be paid according to the invoice, which will be based on the
agreed charging criteria. Authorised Public Accountants Ernst & Young Oy was
elected as the company's auditors for the 2011 financial year.

Authorisation to the Board of Directors to decide on a share issue

The AGM authorised the Board of Directors to decide on a share issue. The
authorisation would entitle the Board to issue a maximum of 7,500,000 shares.
This maximum amount of shares corresponds to approximately 10% of the total
number of shares of the company. The share issue can be implemented by issuing
new shares or transferring shares presently in possession of the company. The
authorisation entitles the Board to decide on a directed share issue, which
would entail deviating from the preemption rights of shareholders. The Board may
use the authorisation in one or more parts.

The Board may use the authorisation for developing the capital structure of the
company, widening the ownership base, financing or realising acquisitions or
other similar arrangements, or for other purposes decided upon by the Board. The
authorisation may not, however, be used for incentive programmes for the
management or key personnel of the company. The authorisation is in effect until
March 17, 2013.

Authorisation to the Board of Directors to decide upon donations to good causes

The AGM authorised the Board of Directors to decide on a donation of no more
than 150,000 euro to universities for supporting sciences and art. The
authorisation entitles the Board to make a more detailed decision on whether the
sum is donated to one or more universities, as well as on other terms and
conditions of the donation. The authorisation is effective until the next AGM,
however no longer than June 30, 2012.

Constitutive meeting of the Board of Directors

In its constitutive meeting held right after the AGM, the Board of Directors
elected Seppo Paatelainen as Chairman and Petri Niemisvirta as Deputy Chairman
of the Board.

In addition, the Board of Directors appointed the members of its permanent
committees. Timo Aukia, Kai Seikku, Catharina Stackelberg-Hammarén and Harri
Suutari were elected as members of the Audit Committee. Harri Suutari was
elected Chairman of the Committee. Seppo Paatelainen, Petri Niemisvirta and
Erkki Solja were elected as members of the Nomination and Compensation
Committee. Seppo Paatelainen was elected Chairman of the Nomination and
Compensation Committee.

Except for Timo Aukia, Petri Niemisvirta and Seppo Paatelainen, the Board of
Directors has evaluated the persons elected for the Board to be independent of
the company and its major shareholders. The aforementioned members are evaluated
to be independent of the company but not independent of its significant
shareholder.

Mikko Korttila, General Counsel of Alma Media Corporation, was appointed
secretary to the Board of Directors.



ALMA MEDIA CORPORATION
Rauno Heinonen
Vice President, Communications and IR



For further information, please contact:
Rauno Heinonen, Vice President, Communications and IR, tel. +358 10 665 2251



Distribution: NASDAQ OMX Helsinki Oy, 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 at www.almamedia.fi




[HUG#1497780]