Kesko Oyj - Company Announcement

Kesko Oyj: The Finnish Competition and Consumer Authority (FCCA) has approved the acquisition of Onninen Oy as regards Finland

KESKO CORPORATION STOCK EXCHANGE RELEASE 20.04.2016 AT 13.15 1(1)

The Finnish Competition and Consumer Authority (FCCA) has approved the
acquisition of Onninen Oy as regards Finland

The Finnish Competition and Consumer Authority (FCCA) has approved the
acquisition of Onninen Oy by Kesko Corporation as regards Finland. The
permission does not contain any conditions. The acquisition is yet subject to
the approval of the EU Commission as regards the other countries included in the
arrangement.

In its stock exchange release on 12 January 2016, Kesko Corporation announced
that it would acquire the whole share capital of Onninen Oy from Onvest Oy.
Onninen's steel business and Russian subsidiary would not be included in the
acquisition. The investigation of the acquisition as regards Finland was
transferred from the EU Commission to the FCCA. The Commission is investigating
the acquisition as regards Sweden, Norway, Estonia, Latvia, Lithuania and
Poland. In that regard, the investigation is still in progress.

When completed, the new trading entity will offer full building and technical
trade selections for both business and consumer customers. The acquisition will
create an excellent platform for the growth of Kesko's building and technical
trade in Finland and the rest of Europe. With the acquisition Kesko's business
in HEPAC and electrical product groups will expand significantly and it will be
able to provide better service especially to contractor customers. In addition,
Kesko will gain new customer relationships from infrastructure and industry
customer groups.

Moreover, the completion of the acquisition is subject to the approval of the EU
Commission and the fulfilment of the other terms and conditions of the
transaction. The acquisition is estimated to be completed during the first half
of 2016.

Further information:
Terho Kalliokoski, Executive Vice President and Senior Vice President for the
home improvement and speciality goods trade division, tel. +358 105 320 200,
terho.kalliokoski@kesko.fi
Jukka Erlund, Senior Vice President, Chief Financial Officer, tel.
+358 105 322 113, jukka.erlund@kesko.fi
Lauri Peltola, Senior Vice President, communications, corporate responsibility
and stakeholder relations, tel. +358 105 322 400, +358 505 705 606,
lauri.peltola@kesko.fi


Kesko Corporation


Merja Haverinen
Vice President, Group Communications


DISTRIBUTION
Nasdaq Helsinki Ltd
Main news media
www.kesko.fi

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