Kesko Oyj - Corporate Action

Kesko's share capital increase based on the stock option scheme

KESKO CORPORATION STOCK EXCHANGE NOTIFICATION 26.09.2007

Kesko's share capital increase based on the stock option scheme

A total of 19,516 new Kesko Corporation B shares have been subscribed for with
the stock options marked with symbols 2003D and 2003F in Kesko Corporation's
2003 stock option scheme. The corresponding increase in the share capital,
€39,032, has been entered in the Trade Register today. The new B shares will be
included in the main list of the Helsinki Stock Exchange with the old B shares
for public trading on Thursday, 27 September 2007. 

A total of 500 new B shares were subscribed for with Kesko Corporation's year
2003 stock options marked with symbol 2003D and 19,016 new B shares with stock
options marked with symbol 2003F. In accordance with the terms and conditions
of the stock option scheme, the subscription price of the shares with options
marked with symbol 2003D is €3.03 per share and with options marked with symbol
2003F €16.48 per share. In consequence of these subscriptions, Kesko
Corporation's registered share capital increases by €39,032 to a total of
€195,519,630. 

After this increase, the total number of Kesko Corporation's shares has risen
to 97,759,815, of which 31,737,007 are A shares and 66,022,808 are B shares.
Each A share entitles the holder to ten votes and each B share to one vote.
After the increase, the number of votes carried by Kesko Corporation shares is
383,392,878. The new B shares carry the right to dividend and other shareholder
rights with effect from today. 

The stock options marked with symbols 2003D, 2003E and 2003F are based on the
decision made by Kesko Corporation's Annual General Meeting on 31 March 2003 to
offer stock options to the management of the Kesko Group. A total of 1,800,000
stock options were issued in the 2003 stock option scheme. The stock options
were marked with symbols 2003D, 2003E and 2003F in such a way that each unit
had 600,000 stock options. Each stock option entitles to subscribe for one
Kesko Corporation B share until the end of the subscription period, the stock
options marked with symbol 2003D until 30 April 2008, the stock options marked
with symbol 2003E until 30 April 2009 and the stock options marked with symbol
2003F until 30 April 2010. After this increase in the share capital, the stock
options marked with symbol 2003D entitle to further subscribe for a total of
66,512 B shares, which correspond to an increase of €133,024 in the share
capital, the stock options marked with symbol 2003E entitle to further
subscribe for a total of 430,633 B shares, which correspond to an increase of
€861,266 in the share capital, and the stock options marked with symbol 2003F
entitle to further subscribe for a total of 481,745 B shares, which correspond
to an increase of €963,490 in the share capital. 

The shares can be subscribed for at the offices of Nordea Bank Finland Plc.

The terms and conditions of the year 2003 stock option scheme were published in
a stock exchange release on 31 March 2003. 

Further information is available from Corporate Counsel Jarkko Karjalainen,
tel. +358 1053 22602. 


Kesko Corporation



Harri Utoslahti
Communications Manager



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