Talentum Oyj - Company Announcement

PRELIMINARY RESULT OF ALMA MEDIA CORPORATION'S TENDER OFFER FOR ALL SHARES IN TALENTUM OYJ

Talentum Oyj 	Company Announcement   November 17, 2009 at 14.30 pm              


PRELIMINARY RESULT OF ALMA MEDIA CORPORATION'S TENDER OFFER FOR ALL SHARES IN   
TALENTUM OYJ                                                                    

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 published a stock exchange release on 6 November 2009 informing that 
it 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 ended on 16 November 2009 at 4:00 p.m. (Finnish      
time).                                                                          

Alma Media has disclosed in its company announcement today as follows:          

According to the preliminary result of the Tender Offer, shareholders holding a 
total of 661,295 Talentum's shares and representing approximately 1.49 per cent 
of all votes in Talentum have tendered their shares in the Tender Offer in      
accordance with its terms and conditions. When taking into account the          
abovementioned shares, Alma Media Group's holding in Talentum will rise to      
14,236,295 shares which represents approximately 32.14 per cent of all votes in 
Talentum and 32.64 per cent of votes when taking into account 681,000 shares    
held by Talentum which do not carry a voting right.                             

The final result of the Tender Offer will be published on 19 November 2009.     

The company announcement of Alma Media Corporation on November 17, 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   17 November 2009 at 13.15    

PRELIMINARY RESULT OF ALMA MEDIA CORPORATION'S TENDER OFFER FOR ALL SHARES IN   
TALENTUM OYJ                                                                    

The mandatory tender offer (the “Tender Offer”) by Alma Media Corporation (“Alma
Media”) for all issued and outstanding shares in Talentum Oyj (“Talentum”),     
commenced on 19 August 2009, expired as previously announced on 16 November 2009
at 4:00 p.m. (Finnish time).                                                    

Alma Media announced on 6 November 2009 that the Finnish Competition Authority  
approved the Talentum acquisition and the precondition for the completion of the
Tender Offer was thus fulfilled.                                                

According to the preliminary result of the Tender Offer, shareholders holding a 
total of 661,295 Talentum's shares and representing approximately 1.49 per cent 
of all votes in Talentum have tendered their shares in the Tender Offer in      
accordance with its terms and conditions. When taking into account the          
abovementioned shares, Alma Media Group's holding in Talentum will rise to      
14,236,295 shares which represents approximately 32.14 per cent of all votes in 
Talentum and 32.64 per cent of votes when taking into account 681,000 shares    
held by Talentum which do not carry a voting right.                             

The final result of the Tender Offer will be published on 19 November 2009.     

Kai Telanne, President and CEO of Alma Media, states the following:             

- The approval of the Competition Authority makes it possible for us to complete
the mandatory tender offer and allows latitude in respect of our ownership in   
Talentum in the future. Talentum's recent statements regarding short-term       
outlook, amongst others, support our view of the offered price for the company's
shares being on a correct level. Since the board of directors of Talentum did   
not recommend accepting the tender offer, the low acceptance rate was expected. 

In accordance with the terms and conditions of the Tender Offer, the Tender     
Offer will be executed and the consideration will be paid to all Talentum       
shareholders having accepted the Tender Offer. The sale and purchase of the     
shares will be executed on or about 20 November 2009 at the latest and will be  
settled on or about 25 November 2009 at the latest.                             

The payment of the offer price for the shares will be deposited on the          
settlement date in the account connected to the shareholder's book-entry account
or, in the case of shareholders whose holdings are registered in the name of a  
nominee, in the bank account specified in the acceptance form. If the           
shareholder's bank account is with a different banking institution than such    
shareholder's book-entry account, the offer price will be on the shareholder's  
bank account in accordance with the schedule for payment transactions between   
financial institutions, approximately on the second Finnish banking day         
following the payment.                                                          

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.”