Alma Media - Company Announcement

The outcome of Alma Media Corporation’s impairment tests for 2016

Alma Media Corporation           Stock Exchange Release          19 December
2016, at 4:10 p.m. (EET)


THE OUTCOME OF ALMA MEDIA CORPORATION’S IMPAIRMENT TESTS FOR 2016

Alma Media has completed its regular annual goodwill impairment tests for the
Group. As a result, in its consolidated financial statements, the company will
recognise EUR 3.0 million in impairment in the fourth quarter of 2016, as well
as a provision for expenses of EUR 2.3 million relating to vacant business
premises. The write-down made to goodwill and intangible assets is related to
Alma Regions’ business in Lapland and Alma Talent’s business in Sweden.

The write-down and the provision for expenses relating to vacant business
premises will be reported in Alma Media’s fourth quarter financial result as an
adjusted item. Alma Media will publish its interim report for the fourth quarter
and its Financial Statement Bulletin for 2016 on 10 February 2017. The company
maintains the outlook issued in the interim report dated 28 October 2016,
according to which its full-year revenue and adjusted operating profit are
expected to increase clearly from the 2015 level.

ALMA MEDIA CORPORATION

Rauno Heinonen

Vice President, Corporate Communications and IR

For more information, please contact:

Juha Nuutinen, CFO, Alma Media Corporation, tel. +358 50 438 0984
Alma Media in brief

Alma Media is a media company focusing on the service business and journalistic
content. The company’s best-known brands are Kauppalehti, Talouselämä,
Affärsvärlden, Iltalehti, Aamulehti, Etuovi.com and Monster. Alma Media builds
sustainable growth for its customers by utilising the opportunities of
digitality, including information services, system and expert services and
advertising solutions. Alma Media’s operations have expanded from Finland to the
Nordic countries, the Baltics and Central Europe. Alma Media employs
approximately 2,400 professionals (excluding delivery personnel), of whom
approximately 30% work outside Finland. Alma Media’s revenue in 2015 was EUR
291.5 million. Alma Media’s share is listed on NASDAQ Helsinki. Read more at
www.almamedia.com.