SanomaWSOY - Corporate Action

Sanoma Cancels Its Treasury Shares

Stock Exchange Release 10/02/2009  9:45

Sanoma's Board of Directors has today decided to cancel the treasury
shares held by the Company. In total, Sanoma holds 2,425,000 treasury
shares equalling to 1.48% of Company's shares and votes.

Cancelling these own shares will decrease the number of shares from
163,368,658 to 160,943,658. The cancellation does not affect the
Company's share capital. The decrease in the number of shares does
not have significant effect to shareholdings or voting power of other
Sanoma shareholders.

The cancellation of treasury shares is estimated to be entered into
the Trade Register on or about 19 February 2009.

Sanoma began to repurchase its shares on 10 August 2007 on the basis
of an authorisation from Annual General Meeting of 4 April 2007 and
continued the buyback on 12 June 2008 under the authorisation from
Annual General Meeting of 1 April 2008. These cancelled shares have
been purchased from NASDAQ OMX Helsinki during 11 Feb-26 Mar 2008 and
12 Jun-27 Aug 2008, and the Company has used EUR 37.5 million of its
unrestricted equity for these purchases.

The authorisation to repurchase Company's own shares is valid until 1
April 2009. Sanoma shares can be repurchased to develop the Company's
capital structure, carry out potential corporate acquisitions or
other business arrangements, or to be otherwise transferred, retained
as treasury shares or cancelled. Under the current authorisation
Sanoma can repurchase 7,620,000 shares.

Sanoma Corporation

Kim Ignatius
Chief Financial Officer

Additional information: Sanoma's Group Communications, tel +358 105
19 5062 or communications@sanoma.com

www.sanoma.com

Sanoma  inspires,  informs  and   connects.  We  bring   information,
experiences, education and entertainment to millions of people  every
day. We make sure that  quality content and interesting products  and
services are easily available  and meet the  demands of our  readers,
viewers  and  listeners.   We  offer   challenging  and   interesting
employment for over 20,000 people in 20 countries throughout  Europe.
In 2007, the Group's net sales totalled EUR 2.9 billion.