Alma Media - Inside information

Alma Regions’ statutory personnel negotiations concluded

Alma Media Corporation         Stock Exchange Release       28 November 2017 at
1:45 PM (EET)

ALMA REGIONS’ STATUTORY PERSONNEL NEGOTIATIONS CONCLUDED

The statutory personnel negotiations held by Alma Regions, the publisher of Alma
Media’s regional and local papers, have been concluded. The number of employees
will be reduced by 35 person-years. Most of the reductions will be implemented
through severance packages or retirement solutions. The number of employees to
be laid off will be four at most.

The reduction achieved through severance packages offered by Alma Regions will
be 19 person-years and the reduction through retirement solutions will be nine
person-years. Three persons will be transferred to other tasks. As a result of
these arrangements, Alma Media will recognise an estimated expense of MEUR 1.0
in its result for the fourth quarter of 2017.

The maximum reduction need stated at the start of the negotiations was 35 person
-years. Some of the reductions will be realised at a later phase; however, no
later than by autumn 2018. The solution does not involve structural changes in
the newspapers. Some functions will be centralised and some will be purchased
externally.
The reductions affect all employee groups, mainly in Tampere and Pori. The
negotiations concerned the entire Regions publishing business, excluding the
newspaper business in Lapland.

As a result of the negotiations, just under one third, or 10 person-years, of
the reductions are directed at editorial teams, while the rest affect other
employee groups. In the editorial teams, the reductions will be accomplished
without lay-offs. In addition, the number of employees in the editorial teams
decreased by four before the start of the negotiations through natural
attrition.

Alma Media Kustannus Oy, the company publishing Alma Media Group’s regional,
local and town papers, is part of the Alma Regions business unit. Its best-known
brands are Aamulehti, Satakunnan Kansa and Lapin Kansa. In addition, the
printing and distribution company Alma Manu Oy is part of the same business
unit.
For more information, please contact:
Kari Juutilainen, Senior Vice President, Alma Regions
Tel. +358 50 435 4159
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.