Kesko Oyj - Major shareholder announcements

Kesko Corporation: Disclosure in compliance with Chapter 9, Section 10 of the Finnish Securities Markets Act (20.9.2024)

Kesko Corporation has on 23 September 2024 received a notification pursuant to
Chapter 9, Section 10 of the Finnish Securities Markets Act from BlackRock, Inc.

According to the notification, on 20 September 2024, 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         (A + B)    issuer
                  voting  through
                  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       4,87%   0.13% shares   5.00%      ------------------------
previous          shares                 shares
notification              Below 5%
(if applicable)   Below   voting rights  Below 5%
                  5%                     voting
                  voting                 rights
                  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
Securities  N/A         N/A         Physical    Below 5%  Below 5%
Lent                                             shares    shares

                                                Below 5%  Below 5%
                                                voting    voting rights
                                                rights
CFD         N/A         N/A         Cash        Below 5%  Below 5%
                                                 shares    shares

                                                Below 5%  Below 5%
                                                voting    voting rights
                                                rights
                                    SUBTOTAL B  Below 5%  Below 5%
                                                 shares    shares

                                                Below 5%  Below 5%
                                                voting    voting rights
                                                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:

Annex Kesko 2024-09-20.pdf

09232261.pdf