Decisions of the organisational meeting of Kesko Corporation's Board of Directors

KESKO CORPORATION STOCK EXCHANGE RELEASE 16.04.2012 AT 17.00 1(1)

The organisational meeting of Kesko Corporation's Board of Directors, held after the Annual General Meeting, elected Esa Kiiskinen as its Chair and Seppo Paatelainen as its Deputy Chair. The Board elected Maarit Näkyvä as the Chair, Seppo Paatelainen as the Deputy Chair and Virpi Tuunainen as a member of the Audit Committee, and Esa Kiiskinen as the Chair, Seppo Paatelainen as the Deputy Chair and Ilpo Kokkila as a member of the Remuneration Committee.

After the Annual General Meeting, Kesko Corporation's Board of Directors held an organisational meeting in which it appointed Esa Kiiskinen as its Chair and Seppo Paatelainen as its Deputy Chair. Maarit Näkyvä (Ch.), Seppo Paatelainen (Dep. Ch.) and Virpi Tuunainen were elected onto the Board's Audit Committee. Esa Kiiskinen (Ch.), Seppo Paatelainen (Dep.Ch.) and Ilpo Kokkila were elected onto the Board's Remuneration Committee.

Based on the Board's independence evaluation, all Board members are independent of the company's significant shareholders and, with the exception of Esa Kiiskinen, Tomi Korpisaari and Toni Pokela, also independent of the Company. The companies controlled by Kiiskinen, Korpisaari and Pokela have chain agreements with a Kesko Group company. The Committees fulfil the independence requirements of the Finnish Corporate Governance Code for Listed Companies.

The Board elects the Board Chair and Deputy Chair for the whole three-year term of a Board member, and the Committee Chairs, Deputy Chairs and members for one year at a time.

Further information is available from Corporate Secretary, Director Mika Majoinen, telephone +358 1053 22206.

Kesko Corporation

Harri Utoslahti
Communications Manager

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