Kesko Oyj - Major shareholder announcements

Kesko Corporation: Disclosure in compliance with Chapter 9, Section 10 of the Finnish Securities Markets Act (24.4.2024)

Kesko Corporation has on 25 April 2024 received a notification pursuant to
Chapter 9, Section 10 of the Finnish Securities Markets Act from BlackRock, Inc.

According to the notification, on 24 April 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     1,542,611,260 voting
date on           shares  Below 5%       Below 5%   rights
which threshold   Below   voting rights  voting
was crossed or    5%                     rights
reached           voting
                  rights
Position of       5.00%   0.01% shares   5.02%      ------------------------
previous          shares  Below 5%       shares
notification      Below   voting rights  Below 5%
(if applicable)   5%                     voting
                  voting                 rights
                  rights

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

B: Financial
Instruments according
to SMA 9:6a
Type of financial    Expiration  Exercise/   Physical    Number    % of
instrument           date        Conversion  or cash     of        shares
                                 Period      settlement  shares    and
                                                         and       voting
                                                         voting    rights
                                                         rights
American Depositary  N/A         N/A         Physical    Below     Below
Receipt                                                  5%        5%
(US4925311080)                                           shares    shares
                                                         Below     Below
                                                         5%        5%
                                                         voting    voting
                                                         rights    rights
Securities Lent      N/A         N/A         Physical    Below     Below
                                                         5%        5%
                                                         shares    shares
                                                         Below     Below
                                                         5%        5%
                                                         voting    voting
                                                         rights    rights
CFD                  N/A         N/A         Cash        Below     Below
                                                         5%        5%
                                                         shares    shares
                                                         Below     Below
                                                         5%        5%
                                                         voting    voting
                                                         rights    rights
                                             SUBTOTAL B  Below     Below
                                                         5%        5%
                                                         shares    shares
                                                         Below     Below
                                                         5%        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 shares held by
the company is
2,113,471.

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, Group General Counsel,
tel. +358 105 322 818.

Kesko Corporation

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

Attachment: Annex

Attachments:

KESKO OYJ_2024-04-24_Annex.pdf

04269053.pdf