Kesko Oyj - Company Announcement

Kesko gains 16 million euros from property sale

KESKO CORPORATION STOCK EXCHANGE RELEASE 30.09.2008 AT 15.30 1(1)

The Kesko Group, the Kesko Pension Fund and Valluga-Sijoitus Oy have
today sold 23 of their store properties in different parts of Finland
to Aberdeen Property Fund Finland 1 Ky. The selling price is about 56
million euros, of which the Kesko Group's share is about 44 million
euros. The Kesko Group's gain on the sale is about 16 million euros,
which will be treated as a non-recurring item in Kesko's third
quarter operating profit.

All of the above premises have been leased back for use by Kesko's
division parent companies mainly under 5 or 10-year leases with
extension options. The total lease liability for the properties sold
by the Kesko Group is approximately 27 million euros and is not
classified as a finance lease.

Of all the 23 properties included in the sale 20 are used by K-food
store chains, and two by the K-rauta and Rautia chains. The sale also
includes Kesko's Northern Finland district centre property in Oulu.
The sale will not change the stores' operations. The total area of
the properties sold is about 50,000 m2, of which the Kesko Group's
share is about 35,000 m2.

The aim of the property disposal is to enhance the use of the Kesko
Group capital. The proceeds from the sale will be used to strengthen
the store network in Finland and abroad,

At 31 December 2007, Kesko owned 1.0 million m2 of properties and had
2.6 million m2 of properties on leasehold in Finland and other Nordic
countries, the Baltic countries and Russia. Kesko's store site
investments were 189 million euros in 2007.

Further information:
Arja Talma, Senior Vice President, CFO, Kesko Corporation, tel. +358
1053 22113


Kesko Corporation


Paavo Moilanen
Senior Vice President, Corporate Communications and Responsibility


DISTRIBUTION
Helsinki Stock Exchange
Main news media


Kesko (www.kesko.fi) is a retail specialist whose stores offer
quality to the daily lives of consumers. Kesko has about 2,000 stores
engaged in chain operations in  the Nordic and Baltic countries,
Russia, and Belarus.

Aberdeen Property Investors is the dedicated property investment
division of Aberdeen Asset Management PLC, a global investment
management group listed on the London Stock Exchange, which manages
around €140 billion of assets in equities, fixed income and property.