Alma Media - Changes board/management/auditors

Proposal by the Nomination and Compensation Committee of Alma Media Corporation's Board of Directors for the composition and remuneration of the Board of Directors

Alma Media Corporation   Stock Exchange Release    February 9, 2011 at 8:30

PROPOSAL BY THE NOMINATION AND COMPENSATION COMMITTEE OF ALMA MEDIA
CORPORATION'S BOARD OF DIRECTORS FOR THE COMPOSITION AND REMUNERATION OF THE
BOARD OF DIRECTORS

Proposal for the composition of the Board of Directors

The Nomination and Compensation Committee of the Board of Directors of Alma
Media Corporation proposes to the Annual General Meeting scheduled for March
17, 2011 that the Board should consist of seven (7) members.

Board members Lauri Helve and Kari Stadigh have notified that they will not be
available for election to the Board of Directors of Alma Media.

The Committee proposes to the Annual General Meeting that the current Board
members Seppo Paatelainen, Kai Seikku, Erkki Solja, Catharina Stackelberg-
Hammarén and Harri Suutari be re-elected to the Board of Directors for the term
ending at the close of the following ordinary annual general meeting. In
addition, the Committee proposes that Mr Timo Aukia, Managing Director, Timo
Aukia Oy, and Mr Petri Niemisvirta, Managing Director, Mandatum Life Insurance
Company Ltd, be elected new members of the Board for the said term. The
aforementioned candidates have given their consent to the election. The personal
details of the candidates as well as information on their positions of trust are
available on the company's website at www.almamedia.fi/agm_2011.

Shareholders representing more than half of Alma Media shares and voting rights
have notified that they support the proposal by the Nomination and Compensation
Committee.

Mr Kari Stadigh who has acted as Deputy Chairman of Alma Media's Board of
Directors since 2001 and Chairman since 2005, has released the following comment
on his resignation from the Board:"I have the greatest appreciation for the company, its personnel and management,
and have been extremely committed to my mandate. It was my intention to be
available for election to the Board of Alma Media when the principal owners of
the company asked me. As I am, however, available for election to the Board of
Directors of Nokia, it is natural that time will not permit me to be available
for Alma Media's board. Alma Media as a company is in excellent shape, which is
why I do not consider my resignation from its Board of Directors to present any
problems."

Remuneration of the members of the Board of Directors

The Nomination and Compensation Committee of the Board of Directors proposes
that the annual remuneration of the members of the Board be increased because it
has remained unchanged since 2005, and the chairman of the Board be paid an
annual fee of EUR 33,000 (currently EUR 30,000), the vice chairman EUR 27,000
(24,000)and ordinary members EUR 22,000 (20,000). The Committee further proposes
that the remuneration for meeting attendance remain unchanged, and the chairmen
of the Board and the Committees would be paid a fee of EUR 1,000, the vice
chairmen EUR 700 and ordinary members EUR 500 for each Board and Committee
meeting they attend. Compensation for travel expenses is proposed to be paid in
accordance with the company's travel policy.

It is proposed that the annual fees for the members of the Board be paid in Alma
Media Corporation shares by acquiring for the members a number of shares
corresponding to approximately 40% of the full amount of the annual
remuneration, and the remainder in money for taxation purposes. Shares thus
acquired may not be transferred until the recipient's membership in the Board
has ended. In case shares cannot have been acquired until the end of 2011, for
example because of pending insider transactions, the full annual remuneration is
paid in money.



More information:

Mikko Korttila
General Counsel; Secretary to the Board of Directors of Alma Media Corporation
tel. +358 10 665 2201



Alma Media in brief

Alma Media is a dynamic media company whose best-known products are Aamulehti,
Iltalehti, Kauppalehti and Etuovi.com. Alma Media employs nearly 3,000
professionals. The company's net sales in 2009 totalled MEUR 307.8 with an
operating margin of 13.5 per cent. Alma Media's share (ALN1V) is listed in the
NASDAQ OMX Helsinki Exchange. Read more at www.almamedia.fi






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