Kesko Oyj - Company Announcement

Kesko to centralise the Baltic building and home improvement trade in Senukai

KESKO CORPORATION STOCK EXCHANGE RELEASE 04.11.2015 AT 09.00 1(1)

Kesko to centralise the Baltic building and home improvement trade in Senukai

On 3 November 2015, Kesko has agreed to centralise the Baltic operations in its
Lithuania-based subsidiary, UAB Senuku Prekybos centras (Senukai). The plan is
to implement the integration in such a way that Kesko will sell the shares in
its wholly owned companies responsible for the operations of K-rauta stores in
Estonia and Latvia to Senukai.

- The arrangement will enable the Baltic and Belarusian business operations to
be managed as a whole. This will provide us with better opportunities to
accelerate profitable growth in the developing Baltic and Belarusian markets,
where we are now already a clear market leader in the building and home
improvement trade with a total of 47 own stores and 51 stores operating under
the franchise model and sales amounting to €573 million, says Terho Kalliokoski,
President of the home improvement and speciality goods trade division.

The ownership arrangement is planned to be implemented in early 2016. The
implementation is subject to the approval of the competition authority. The
arrangement is not expected to have a material impact on Kesko's sales,
performance or financial position during the next 12 months. The arrangement
will have no immediate impacts on employees or the operation of stores.

Further information is available from Kesko's Terho Kalliokoski, President, Home
improvement and speciality goods trade division, tel. +358 105 320 200, and
Jukka Erlund, Chief Financial Officer, tel. +358 105 320 125.


Kesko Corporation



Merja Haverinen
Vice President, Group Communications


DISTRIBUTION
NASDAQ OMX Helsinki Ltd
Main news media
www.kesko.fi


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