Alma Media - Corporate Action

Alma Media nets 9,0 million euro for rearranging office and printing property lease agreement

ALMA MEDIA CORPORATION      STOCK EXCHANGE RELEASE   26 OCT 2007, AT
8.30



ALMA MEDIA NETS 9.0 MILLION EURO FOR REARRANGING OFFICE AND PRINTING
PROPERTY LEASE AGREEMENT

Alma Media Corporation will terminate its finance lease agreement on
an office and printing facility on Patamäenkatu street in Tampere,
Finland, and will enter a new lease agreement with a new lessor. The
arrangement will create non-recurring profits of 9.0 million euro,
which will be included in the financial report for the last quarter
of 2007.

This arrangement follows the change of ownership of the company
managing the property. The old finance lease agreement will be
terminated in connection with the ownership change. Alma Media
Corporation will enter a new 15-year operating lease agreement with
the new owner. The arrangement will be effected in late October 2007.

The new lease agreement will improve the Corporation's annual net
result by 0.3 million euro during the first year. According to the
IFRS accounting principles, the arrangement also creates
non-recurring profits in the amount of 9.0 million euro for Alma
Media.

Among other products, the Patamäenkatu printing house in Tampere
prints Aamulehti, Iltalehti and Kauppalehti published by Alma Media.


ALMA MEDIA CORPORATION

Rauno Heinonen
VP, Corporate Communications & IR

More information
Teemu Kangas-Kärki, CFO, tel. +35810 665 2244.

DISTRIBUTION
Helsinki Exchanges, principal media


Alma Media is a profitably growing and internationally expanding
company that invests in the future of newspapers and the online
media. Its best known products are Aamulehti, Iltalehti, Kauppalehti
and Etuovi.com.

Net sales in 2006 totaled EUR 302 million and the operating margin
was 16 %. The company's share is listed in the Mid Cap segment of the
OMX Nordic Exchange's Nordic List, trading code ALN1V. More
information at www.almamedia.fi.