Alma Media - Major shareholder announcements

Announcement pursuant to the Securities Act, Chapter 9, Section 5: ownership of Otava Oy in Alma Media Corporation

Alma Media Corporation     Stock Exchange Release   15 March 2017

ANNOUNCEMENT PURSUANT TO THE SECURITIES ACT, CHAPTER 9, SECTION 5: OWNERSHIP OF
OTAVA OY IN ALMA MEDIA CORPORATION

Alma Media Corporation has received a notification on March 15, 2017, pursuant
to Chapter 9, Section 5 of the Finnish Securities Markets Act, that Otava’s
holding of the shares and votes in Alma Media has exceeded the threshold of 10%.

Issuing company and its business ID: Alma Media Corporation, 1944757-4
Complete name and business ID of the shareholder: Otava Oy, 0822255-6

Basis of announcement: Acquisition or disposal of shares or voting rights

Date of transaction and exceeding the threshold: 15.3.2017

Total position of Otava subject to the notification:

+------------------------------------+---------------+-------------------------+
|                                    |% of shares and|Total  number   of shares|
|                                    |voting rights  |and voting rights of     |
|                                    |               |issuer                   |
+------------------------------------+---------------+-------------------------+
|Resulting   situation on the date on|10.003%        |82 383 182               |
|which the threshold was crossed or  |               |                         |
|reached                             |               |                         |
+------------------------------------+---------------+-------------------------+

Notified details of the resulting situation on the date on which the threshold
was crossed:
A: shares and voting rights

+------------+------+-------------+-------+--------------------------+
|Class/type  |Number              |% of                              |
|of shares   |of                  |shares                            |
|            |shares              |and                               |
|            |and                 |voting                            |
|            |voting              |rights                            |
|            |rights              |                                  |
+------------+------+-------------+-------+--------------------------+
|FI0009013114|Direct|Indirect (SMA|Direct |Indirect (SMA 9:6 and 9:7)|
|            |(SMA  |9:6 and 9:7) |(SMA   |                          |
|            |9:5)  |             |9:5)   |                          |
+------------+------+-------------+-------+--------------------------+
|            |8 241 |             |10.003%|                          |
|            |144   |             |       |                          |
+------------+------+-------------+-------+--------------------------+
|Total       |8 241 |             |10.003%|                          |
|            |144   |             |       |                          |
+------------+------+-------------+-------+--------------------------+

ALMA MEDIA CORPORATION
Rauno Heinonen
Vice President, Corporate Communications and IR

Distribution: NASDAQ Helsinki, main media, www.almamedia.com

For more information, please contact: Rauno Heinonen, +358 106652251
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 2,300 professionals (excluding delivery personnel), of whom
approximately 30% work outside Finland. Alma Media’s revenue in 2016 was EUR
353.2 million. Alma Media’s share is listed on NASDAQ Helsinki. Read more at
www.almamedia.com.