Kesko Oyj - Major shareholder announcements

Kesko Corporation: Disclosure in compliance with Chapter 9, Section 10 of the Finnish Securities Markets Act (12.2.2025)

Kesko Corporation has on 13 February 2025 received a notification pursuant to
Chapter 9, Section 10 of the Finnish Securities Markets Act from BlackRock, Inc.

According to the notification, on 12 February 2025, BlackRock, Inc.'s holding in
Kesko Corporation, including holding through financial instruments, fell below
the threshold of five (5) per cent of shares.

According to the notification of BlackRock, Inc.:

                  % of    % of shares    Total of   Total number of shares
                  shares  and voting     both in %  and voting rights of
                  and     rights                    issuer
                  voting  through        (A + B)
                  rights  financial
                  (total  instruments
                  of A)   (total of B)
Resulting         Below   Below 5%       Below 5%   400,079,008 shares
situation on the  5%      shares         shares
date on           shares                            1,542,611,260 voting
which threshold           Below 5%       Below 5%   rights
was crossed or    Below   voting rights  voting
reached           5%                     rights
                  voting
                  rights
Position of       4.98%   0.05% shares   5.04%      ------------------------
previous          shares                 shares
notification              Below 5%       Below 5%
(if applicable)   Below   voting rights  voting
                  5%                     rights
                  voting
                  rights

A: Shares
and voting
rights
Class/type    Number               % of shares and voting rights
of            of
shares        shares
              and
              voting
              rights
   Direct     Indirect   Direct        Indirect
 (SMA 9:5)    (SMA 9:6  (SMA 9:5)  (SMA 9:6 and 9:7)
              and 9:7)
FI0009000202            Below 5%                      Below 5% shares
                        shares
                                                      Below 5% voting rights
                        Below 5%
                        voting
                        rights
SUBTOTAL A    Below 5%             Below 5% shares
              shares
                                   Below 5% voting rights
              Below 5%
              voting
              rights

B: Financial
Instruments
according
to SMA 9:6a
Type of         Expiration  Exercise/   Physical    Number    % of shares
financial       date        Conversion  or          of        and voting
instrument                  Period      cash        shares    rights
                                        settlement  and
                                                    voting
                                                    rights
American        N/A         N/A         Physical    Below 5%  Below 5%
Depositary                                          shares    shares
Receipt                                             Below 5%
(US4925311080)                                      voting    Below 5%
                                                    rights    voting rights
Securities      N/A         N/A         Physical    Below 5%  Below 5%
Lent                                                shares    shares
                                                    Below 5%
                                                    voting    Below 5%
                                                    rights    voting rights
CFD             N/A         N/A         Cash        Below 5%  Below 5%
                                                    shares    shares
                                                    Below 5%
                                                    voting    Below 5%
                                                    rights    voting rights
                                        SUBTOTAL B  Below 5%  Below 5%
                                                    shares    shares
                                                    Below 5%
                                                    voting    Below 5%
                                                    rights    voting rights

Kesko Corporation's share capital is divided into A shares and B shares. The
total number of shares is 400,079,008 of which 126,948,028 (31,7%) are A shares
and 273,130,980 (68.3%) are B shares. The total amount of own B shares held by
the company is 2,122,600.

The full chain of controlled undertakings through which the voting rights and/or
the financial instruments are effectively held starting with the ultimate
controlling natural person or legal entity is presented in the enclosed
attachment.

Further information is available from Lasse Luukkainen, Executive Vice
President, Legal and Sustainability, tel. +358 105 322 818.

Kesko Corporation

DISTRIBUTION
Nasdaq Helsinki Ltd
Main news media
www.kesko.fi

Attachment: Annex

Attachments:

KESKO CLASS B_2025-02-12_Issuer Annex.pdf

02147279.pdf