Sanoma Oyj - Company Announcement

Sanoma issues EUR 100 million hybrid bond

Sanoma Corporation, Stock Exchange Release, 2 December 2013 at 15:50 CET+1

PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED
STATES, CANADA, AUSTRALIA, HONG KONG, SOUTH AFRICA OR JAPAN OR ANY OTHER
JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. 

Sanoma issues a EUR 100 million hybrid bond, i.e. capital securities. The
proceeds of the hybrid bond will be used to pay down debt. The settlement date
of the bond is 12 December 2013 and the coupon rate of the bond is 7.25% per
annum. The bond has no maturity but the company may exercise an early
redemption option after three years. The issue was aimed primarily for domestic
institutional investors. 

“We are very satisfied with the outcome of the issue as the hybrid bond was
broadly distributed and significantly oversubscribed. The hybrid bond
strengthens our balance sheet supporting effective execution of our strategic
plan”, says Harri-Pekka Kaukonen, President and CEO. 

A hybrid bond is an instrument which is subordinated to the company's other
debt obligations and which is treated as equity in the IFRS financial
statements. The hybrid bond does not confer to its holders the rights of a
shareholder and does not dilute the holdings of the current shareholders. 

Nordea Markets acts as the sole lead manager for the transaction.

Additional information
Sanoma's Investor Relations, Olli Turunen, tel. +358 40 552 8907 or
ir@sanoma.com 

Sanoma.com

Get the world. Sanoma helps people access and understand the world. Sanoma is a
front runner in consumer media and learning in Europe. We employ around 10,000
professionals in more than 10 countries. In 2012, the Group's net sales
totalled EUR 2.4 billion. Sanoma's share is listed on the NASDAQ OMX Helsinki. 

Disclaimer

The information contained herein shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of the securities
referred to herein in any jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration, exemption from registration or
qualification under the securities laws of any such jurisdiction. 

The information contained herein is not for publication or distribution,
directly or indirectly, in or into the United States, Canada, Australia, Hong
Kong, South Africa or Japan. These written materials do not constitute an offer
of securities for sale in the United States, nor may the securities be offered
or sold in the United States absent registration or an exemption from
registration as provided in the U.S. Securities Act of 1933, as amended, and
the rules and regulations thereunder. There is no intention to register any
portion of the offering in the United States or to conduct a public offering of
securities in the United States. 

This communication is directed only at (i) persons who are outside the United
Kingdom or (ii) persons who have professional experience in matters relating to
investments falling within Article 19(5) of the Financial Services and Markets
Act 2000 (Financial Promotion) Order 2005 (the "Order") and (iii) high net
worth entities, and other persons to whom it may lawfully be communicated,
falling within Article 49(2) of the Order (all such persons together being
referred to as "relevant persons"). Any investment activity to which this
communication relates will only be available to and will only be engaged with,
relevant persons. Any person who is not a relevant person should not act or
rely on this announcement or any of its contents.