Kesko Oyj - Major shareholder announcements

Kesko Corporation: Disclosure in compliance with Chapter 9, Section 10 of the Finnish Securities Markets Act (19.9.2024)

Kesko Corporation has on 20 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 19 September 2024, BlackRock, Inc.'s holding
in Kesko Corporation, including holding through financial instruments, reached
the threshold of five (5) per cent of shares.

According to the notification of BlackRock, Inc.:

                  % of    % of shares    Total   Total number of shares
                  shares  and voting     of      and voting rights of
                  and     rights         both    issuer
                  voting  through        in %
                  rights  financial      (A +
                  (total  instruments    B)
                  of A)   (total of B)
Resulting         4,87%   0.13% shares   5.00%   400,079,008 shares
situation on the  shares                 shares
date on                   Below 5%               1,542,611,260 voting
which threshold   Below   voting rights  Below   rights
was crossed or    5%                     5%
reached           voting                 voting
                  rights                 rights
Position of       Below   Below 5%       Below   ------------------------
previous          5%      shares         5%
notification      shares                 shares
(if applicable)           Below 5%
                  Below   voting rights  Below
                  5%                     5%
                  voting                 voting
                  rights                 rights

A: Shares
and voting
rights
Class/type    Number of             % of
of            shares and            shares
shares        voting                and
              rights                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            19,509,775            4.87% shares
                        shares
                                              Below 5% voting rights
                        Below 5%
                        voting
                        rights
SUBTOTAL A    19,509,775            4.87%
              shares                shares

              Below 5%              Below 5%
              voting                voting
              rights                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    511,592   0.12% shares
Lent                                            shares
                                                          Below 5%
                                                Below 5%  voting rights
                                                voting
                                                rights
CFD         N/A         N/A         Cash        13,091    0.00% shares
                                                shares
                                                          Below 5%
                                                Below 5%  voting rights
                                                voting
                                                rights
                                    SUBTOTAL B  524,683   0.13% shares
                                                shares
                                                          Below 5%
                                                Below 5%  voting 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:

Annex KESKO CLASS B_2024-09-19.pdf

09231821.pdf