Kesko's share capital increase based on the stock option scheme

KESKO CORPORATION STOCK EXCHANGE NOTIFICATION 03.06.2010 AT 09.30 1(2)  

A total of 44,174 new Kesko Corporation B shares have been subscribed for with the 2003F stock options under Kesko Corporation's 2003 stock option scheme. The corresponding increase in the share capital, €88,348, has been entered in the Trade Register today. The new B shares will be listed on the official list of NASDAQ OMX Helsinki together with the old B shares for public trading on Friday, June 4, 2010.

A total of 44,174 new B shares were subscribed for with Kesko Corporation's2003F stock options. In accordance with the terms and conditions of the stock option scheme, the share subscription price with 2003F stock options was €12.98 per share. In consequence of these subscriptions, Kesko Corporation's registered share capital increases by €88,348 to a total of €197,282,584.

After this increase, the total number of Kesko Corporation's shares has risen to 98,641,292, of which 31,737,007 are A shares and 66,904,285 are B shares. Each A share entitles the holder to ten votes and each B share to one vote. After the increase, the number of votes carried by Kesko Corporation shares is 384,274,355. The new B shares carry the right to dividend and other shareholder rights with effect from today.

The stock options marked with symbols 2003D, 2003E and 2003F were based on the decision made by Kesko Corporation's Annual General Meeting on March 31, 2003 to offer stock options to the management of the Kesko Group. A total of 1,800,000 stock options were issued in the 2003 stock option scheme. The stock options were marked with symbols 2003D, 2003E and 2003F in such a way that each unit had 600,000 stock options. Each stock option entitled to subscribe for one Kesko Corporation B share until the end of its exercise period. The exercise periods have expired.

The terms and conditions of the year 2003 stock option scheme were published in a stock exchange release on March 31, 2003.

Further information is available from Corporate Counsel Jarkko Karjalainen, tel. +358 1053 22602.

Kesko Corporation

Paavo Moilanen
Senior Vice President, Corporate Communications

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