Sanoma Oyj - Company Announcement

Sanoma Completes Exit from Russia

Sanoma Corporation, Stock Exchange Release, 11 March 2016 at 15:00 CET+1

Sanoma has today closed the transaction related to the company’s remaining
Russian assets. As announced on 30 December 2015, the transaction included
Sanoma’s 50 % stake in Fashion Press, the remaining operations in United Press
and the 50 % stake in Mondadori Independent Media. 

The transaction is a part of Sanoma’s strategic plan announced in 2013 to
redesign its consumer media operations and completes Sanoma’s exit from the
Russian media market. 

Additional information
Head of BU Russia & CLO, Sanoma Legal Affairs, Merja Karhapää, tel. +358 40 582
1538 

Sanoma.com

Sanoma is an inspiring, relevant and trusted consumer media and learning
company.  Ever since its formation in 1889, the company has held creativity and
independent thinking at its core in order to deliver high-quality content in
new and different ways. 

Sanoma’s consumer media business provides consumers with engaging and
personalised content through cross-media brands that touch their lives.
Sanoma’s close relationships with its consumers enable the company to offer
unique value-added marketing solutions to its business partners. 

Sanoma Learning’s learning solutions enable teachers to excel at developing the
talents of every child, creating opportunities for children to advance their
prospects in life. 

With operating companies in Finland, the Netherlands, Belgium, Poland and
Sweden, Sanoma realised net sales of more than EUR 1.7 billion in 2015. The
company employed over 6,000 employees.