Sanoma Oyj - Company Announcement

Sanoma agrees sale of stake in Vedomosti and other leading titles in Russia

Sanoma Corporation, Stock Exchange Release, 30 April 2015 at 9:00 CET+1

Sanoma has signed a sale and purchase agreement with Ivania Ltd. for the
company's 33.3% stake in Delovoi Standard, which is the publisher of Russia's
leading daily financial newspaper Vedomosti. Additionally, Sanoma has agreed to
sell its United Press portfolio of titles to MoscowTimes LLC. 

These transactions are a result of the broad strategic review announced by
Sanoma in October 2013 to redesign its consumer media operations. This follows
the sale agreement of Sanoma's stake in Fashion Press signed in December 2014. 

Sanoma estimates that it will book at the closing a non-recurring capital gain
of around EUR 8 million before currency translation adjustment. 

Commenting on the agreement, Sanoma Group President and CEO Harri-Pekka
Kaukonen said:  “We are confident that these iconic titles are in good hands
and will continue to develop as some of Russia's leading media titles. At the
same time, the agreement to sell these assets is an example of our strategy in
action, as we look to focus our resources on our core markets, in which we
believe we can create the most value for our shareholders.” 

Following this agreement, one title, Grazia, published through Sanoma's joint
venture with Mondadori, remains under strategic review. 

Additional information
Sanoma's Group Communications, Robin Janszen, tel. +31 6 2293 2643 or
communications@sanoma.com 

Sanoma's Investor Relations, Olli Turunen, tel. +358 40 552 8907

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