Kesko Oyj - Company Announcement

Shareholders' proposal to the Annual General Meeting for the composition and remuneration of Kesko Corporation's Board of Directors

KESKO CORPORATION STOCK EXCHANGE RELEASE 23.02.2009 AT 18.30 1(2)

Kesko Corporation's shareholders jointly representing over 10% of the
votes carried by the company shares have made a proposal to the
Annual General Meeting to be held on 30 March 2009 for the number of
members of the Board of Directors, its composition and remuneration.

Proposal for composition

Kesko Corporation's shareholders who jointly represent over 10% of
the votes carried by the company shares have proposed that the
company's Annual General Meeting decide the number of members of the
Board of Directors to be seven (7), and the following persons be
elected as members of the Board of Directors for a term of three
years provided in the Articles of Association:

Heikki Takamäki, Seppo Paatelainen, Maarit Näkyvä, Ilpo Kokkila, Esa
Kiiskinen (new member), Mikko Kosonen (new member), and Rauno
Törrönen (new member).

All of the member candidates have given their consent to the
election. The biographical details of all Board member candidates are
available on the Internet at www.kesko.fi. The biographical details
of the prospective new members, Esa Kiiskinen, Mikko Kosonen and
Rauno Törrönen are as follows:

Esa Kiiskinen, b. 1963, retailer of K-supermarket Kontumarket in
Helsinki. Kiiskinen has been an active K-retailer since 1990. He is
the Chairman of the Board of K-kauppiasliitto ry, the Chairman of the
Board of the Foundation for Vocational Training in the Retail Trade,
the Chairman of the Board of Vähittäiskaupan Tilipalvelu VTP Oy, a
member of the Board of the Federation of Finnish Commerce, and the
Chairman of the Board of Saija ja Esa Kiiskinen Oy. Saija ja Esa
Kiiskinen Oy, a company controlled by Esa Kiiskinen, has a chain
agreement with Kesko Food Ltd. At 30 January 2009, Saija ja Esa
Kiiskinen Oy held a total of 101,000 Kesko Corporation A shares, and
Esa Kiiskinen held 1,350 Kesko Corporation A shares. Esa Kiiskinen is
a Business College Graduate.

Mikko Kosonen, b. 1957, President of Finnish Innovation Fund Sitra.
In 2007-2008, Kosonen acted as a Sitra Special Advisor, and in
1984-2007, he was employed by Nokia plc in various positions
including Senior Vice President for Strategic Planning and
Information Management (1996-2005) and Executive Advisor (2005-2007).
Kosonen is the Deputy Chairman of the Board of Itella Corporation, a
member of the Board of Fifth Element Ltd and a member of the Board of
Kauppatieteellinen Yhdistys r.y. Kosonen is Doctor of Science
(Economics and Business Administration).

Rauno Törrönen, b. 1958, K-citymarket retailer in Joensuu. He has
been an active K-retailer since 1998. In 1986-1998, Törrönen acted,
among other things, as a member of the management team of
Pohjois-Karjalan Osuuskauppa. He is a member of the Board of
Vähittäiskaupan Takaus Oy and member of the Board of Alepro Oy.
Alepro Oy, a company controlled by Rauno Törrönen, has a chain
agreement with Kesko Food Ltd. At 30 January 2009, Alepro Oy held a
total of 14,900 Kesko Corporation A shares and 9,600 Kesko
Corporation B shares, and Rauno Törrönen held a total of 1,000 Kesko
Corporation A shares.

Proposal for remuneration

In addition, the said shareholders propose that the remuneration of
the Board members and that of its Committees' members be paid as
follows:

the Chair of the Board, an annual fee of 80,000 euros,
the Deputy Chair of the Board, an annual fee of 50,000 euros,
a member of the Board, an annual fee of 37,000 euros,
a meeting fee of 500 euros/meeting for a Board meeting and its
Committee's meeting, and
a Chair of a Committee who is not the Chair or the Deputy Chair of
the Board, a Committee meeting fee of 1,000 euros/meeting.

The above proposals will be included in the notice of the Annual
General Meeting which will be published separately.

Helsinki, 23 February 2009

Further information is available from Vice President, General Counsel
Anne Leppälä-Nilsson, tel. +358 1053 22347.


Kesko Corporation



Paavo Moilanen
Senior Vice President, Corporate Communications and Responsibility


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