Kesko Oyj - Company Announcement

Kestra Kiinteistöpalvelut Oy will not participate in future financing of Fennovoima project

KESKO CORPORATION STOCK EXCHANGE RELEASE 27.03.2014 AT 15.30 1(1)

Kestra Kiinteistöpalvelut Oy will not participate in future financing of
Fennovoima project

Kestra Kiinteistöpalvelut Oy, a subsidiary of Kesko Corporation, will not
participate in the future financing of Fennovoima Ltd's Hanhikivi 1 nuclear
power project due to the related financial, contractual and schedule
uncertainties.

Kestra Kiinteistöpalvelut Oy has given conditional notifications to
Voimaosakeyhtiö SF on 7 November 2013 and 21 February 2014 that Kestra
Kiinteistöpalvelut Oy could invest in the future financing of the nuclear power
project provided that Kestra Kiinteistöpalvelut Oy and Voimaosakeyhtiö SF reach
an agreement on the conditions of the participation.

Kestra Kiinteistöpalvelut Oy estimates that the financial, contractual and
schedule prerequisites for the project still contain uncertainties, and it
estimates that their risks have increased. Therefore, Kestra Kiinteistöpalvelut
Oy considers the prerequisites for participating in the financing of the nuclear
power plant insufficient.

Kestra Kiinteistöpalvelut Oy currently owns 4.5% of the share capital of
Voimaosakeyhtiö SF.

Further information is available from Senior Vice President Arja Talma, tel.
+358 10 53 22205 and Vice President Juhani Rontu, tel. +358 10 53 23046.


Kesko Corporation


Merja Haverinen
Vice President, Corporate Communications


DISTRIBUTION
NASDAQ OMX Helsinki
Main news media
www.kesko.fi


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