Alma Media - Company Announcement

Alma Media clarifies its corporate structure

Alma Media Corporation   STOCK EXCHANGE RELEASE   26 May 2008 at
15.35

ALMA MEDIA CLARIFIES ITS CORPORATE STRUCTURE

The Boards of Directors of Alma Media Corporation and its subsidiary
company Alma Media Palvelut Oy have on 29 April 2008 signed a merger
plan according to which Alma Media Palvelut will merge with its
parent company Alma Media Corporation. The merger plan has been
entered in the Trade Register on 22 May 2008. The objective of the
merger is to clarify Alma Media's corporate structure and reduce
administrative costs.

According to the merger plan, all of the assets and liabilities of
Alma Media Palvelut will be transferred to the parent company, Alma
Media Corporation, at their book value and without liquidation
proceedings. No merger consideration will be given as the parent
company owns all the shares of the company to be merged. The merger
will not require any amendments to Alma Media Corporation's Articles
of Association. The planned date for registering the merger is 30
November 2007.

The merger will be decided upon by the Boards of Directors of the
companies participating in the merger. If shareholders of Alma Media
Corporation who jointly own a minimum of five (5) per cent of the
company's shares demand in writing that the merger should be decided
upon by a general meeting of shareholders, an extraordinary meeting
of shareholders will be convened according to the Companies Act and
the Articles of Association of Alma Media Corporation.

A notification of a possible meeting of shareholders will be
published in newspapers according to the Articles of Association and
Chapter 16, Section 10 of the Companies Act.


ALMA MEDIA CORPORATION
Rauno Heinonen
VP, Corporate Communications and IR

For more information, please contact:
Teemu Kangas-Kärki, CFO, tel +358 10 665 2244

Distribution:
Helsinki Stock Exchange
Major media


Alma Media in brief
Alma Media is a profitably growing and internationally expanding
company that invests in the future of newspapers and online media.
It's best known products are the Aamulehti, Iltalehti, Kauppalehti
and Etuovi.com.

Net sales in 2007 totalled EUR 329 million and the operating margin
was over 19%. The company's share is listed in the Mid Cap segment of
the OMX Exchange's Nordic List, trading code ALN1V.