Talentum Oyj - Company Announcement

THE FINNISH COMPETITION AUTHORITY APPROVED THE TALENTUM ACQUISITION BY ALMA MEDIA

Talentum Oyj 	Company Announcement   November 6, 2009 at 11.10  am              


THE FINNISH COMPETITION AUTHORITY APPROVED THE TALENTUM ACQUISITION BY ALMA     
MEDIA                                                                           

Alma Media Corporation (“Alma Media”) has made a mandatory tender offer (“Tender
offer”) for all of the shares in Talentum Oyj (“Talentum”). The cash            
consideration offered for the shares is EUR 1.85 per each share in Talentum. The
Tender offer has commenced on 19 August 2009 at 9.30 a.m. (Finnish time) and    
ends on 15 September 2009 at 4.00 p.m. (Finnish time), unless the offer period  
is extended in accordance with the terms and conditions of the mandatory Tender 
offer. The Finnish Financial Supervisory Authority has on 17 August 2009        
approved the offer document regarding the mandatory Tender offer published by   
Alma Media on 19 August 2009. The Board of Directors of Talentum Oyj issued on  
September 4, 2009 the statement referred to in Chapter 6 Section 6 of the       
Finnish Securities Market Act regarding the mandatory tender offer published by 
Alma Media on 10 August 2009 concerning the shares in Talentum.                 

Alma Media published a stock exchange release on 9 September 2009 informing that
the Competition Authority has referred the Tender Offer to continued            
consideration. The continued consideration may last three months at most.       

Alma Media published a stock exchange release on 14 September 2009 informing    
that it has decided to extend the Offer Period of the Tender Offer by one month,
to end on 15 October 2009 at 4:00 p.m. (Finnish time) (the “Extended Offer      
Period”).                                                                       

Alma Media published a stock exchange release on 14 October 2009 informing that 
it has decided to extend the Extended Offer Period of the Tender Offer to end on
16 November 2009 at 4:00 p.m. (Finnish time) (the “Extended Offer Period”).     

Alma Media has disclosed in its company announcement today as follows:          
Alma Media has today been informed that the Finnish Competition Authority has   
approved, by its decision dated 6 November 2009, the Talentum acquisition by    
Alma Media. The approval does not include any terms or conditions. Alma Media is
not aware of any other regulatory approvals that are necessary with respect to  
the Tender Offer and the Condition to Complete has thus been fulfilled. As      
previously informed, the Tender Offer will end on 16 November 2009 at 4:00 p.m. 
(Finnish time).                                                                 

The company announcement of Alma Media Corporation on November 6, 2009 is in    
full after this company announcement.                                           

TALENTUM OYJ                                                                    
Juha Blomster                                                                   
CEO                                                                             

Further information:                                                            
Tuomo Saarinen, Chairman of the Board of Directors, tel. +358 500 223 970       

DISTRIBUTION                                                                    
NASDAQ OMX Helsinki                                                             
Principal media                                                                 

“Alma Media Corporation Stock Exchange Release 6 November 2009 at 9.55 a.m.     

THE FINNISH COMPETITION AUTHORITY APPROVED THE TALENTUM ACQUISITION BY ALMA     
MEDIA                                                                           

NOT FOR DISTRIBUTION IN AUSTRALIA, HONG KONG, JAPAN, SOUTH AFRICA, CANADA OR THE
UNITED STATES                                                                   

Alma Media Corporation (“Alma Media”) announced on 10 August 2009 that it will  
make a mandatory tender offer for all of the issued and outstanding shares in   
Talentum Oyj (“Talentum”) (the “Tender Offer”). The Tender Offer commenced on 19
August 2009 at 9:30 a.m. (Finnish time) and was announced to end on 15 September
2009 at 4:00 p.m. (Finnish time) (the “Offer Period”) unless the Tender Offer is
extended or discontinued in accordance with its terms and conditions.           

According to the terms and conditions of the Tender Offer, the Tender Offer is  
subject to that all regulatory approvals and other permits and approvals        
required for the completion of the Tender Offer, including clearances from      
competition authorities, have been received on terms and conditions that are    
acceptable to Alma Media (the “Condition to Complete”). Alternatively, Alma     
Media may, to the extent possible under the law, waive this Condition to        
Complete. In addition, it is stated in the terms and conditions of the Tender   
Offer that if the Condition to Complete is not fulfilled due to a specific      
obstacle, such as pending competition law proceedings, Alma Media may extend the
Offer Period until the obstacle has been removed and Alma Media has had         
reasonable time to respond to the situation.                                    

Alma Media published a stock exchange release on 9 September 2009 informing that
the Competition Authority has referred the Tender Offer to continued            
consideration. In addition, Alma Media published a stock exchange release on 14 
September 2009 informing of its decision to extend the Offer Period of the      
Tender Offer by one month, to end on 15 October 2009 at 4:00 p.m. (Finnish time)
(the “Extended Offer Period”). As the continued consideration of the Competition
Authority was still pending and, according to the information received, the     
decision was not to be received prior to the expiry of the Extended Offer Period
on 15 October 2009, Alma Media informed on 14 October 2009 of its decision to   
extend the Extended Offer Period of the Tender Offer to end on 16 November 2009 
at 4:00 p.m. (Finnish time).                                                    

Alma Media has today been informed that the Finnish Competition Authority has   
approved, by its decision dated 6 November 2009, the Talentum acquisition by    
Alma Media. The approval does not include any terms or conditions. Alma Media is
not aware of any other regulatory approvals that are necessary with respect to  
the Tender Offer and the Condition to Complete has thus been fulfilled. As      
previously informed, the Tender Offer will end on 16 November 2009 at 4:00 p.m. 
(Finnish time).                                                                 


Alma Media Corporation                                                          
Rauno Heinonen                                                                  
Corporate Communications and IR                                                 

Additional information:                                                         
Kai Telanne, President and CEO, tel. +358 10 665 3500                           

DISTRIBUTION                                                                    
NASDAQ OMX Helsinki                                                             
Main media                                                                      

Alma Media in brief                                                             

Alma Media is a profitable and internationally expanding company that invests in
the future of newspapers and online media. Its best known products are the      
Aamulehti, Iltalehti, Kauppalehti and Etuovi.com.                               
Net sales in 2008 totalled                                                      
EUR 341 million and the operating margin was over 14%. The company's share is   
listed in the Mid Cap segment of the NASDAQ OMX Helsinki.                       
Please visit www.almamedia.com for further information.                         

This release may not be released or otherwise distributed, in whole or in part, 
in or into Australia, Hong Kong, Japan, South Africa, Canada or the United      
States. This release is not a tender offer document and as such does not        
constitute an offer or invitation to make a sales offer. Investors shall accept 
the Tender Offer for the shares only on the basis of the information provided in
a tender offer document. Offers will not be made directly or indirectly in any  
jurisdiction where either an offer or participation therein is prohibited by    
applicable law or where any tender offer document or registration or other      
requirements would apply in addition to those undertaken in Finland.            

The Tender Offer is not being made in any jurisdiction where prohibited by      
applicable law and the tender offer document and related acceptance forms will  
not and may not be distributed, forwarded or transmitted into or from any       
jurisdiction where prohibited by applicable law. In particular, the Tender Offer
is not being made, directly or indirectly, in or into, or by use of the postal  
service of, or by any means or instrumentality (including, without limitation,  
facsimile transmission, telex, telephone or the Internet) of interstate or      
foreign commerce of, or any facilities of a national securities exchange of,    
Australia, Hong Kong, Japan, South Africa, Canada or the United States. The     
Tender Offer cannot be accepted by any such use, means or instrumentality or    
from within Australia, Hong Kong, Japan, South Africa, Canada or the United     
States.”