KESKO CORPORATION STOCK EXCHANGE RELEASE 31.03.2008 AT 15.30 1(3)

Decisions of Kesko Corporation's Annual General Meeting

Kesko Corporation's Annual General Meeting today adopted the
financial statements for 2007 and discharged the Board of
Directors' members and the Managing Director from liability. The
Annual General Meeting also decided to distribute €1.60 per share
as dividends, as proposed by the Board of Directors. A total of
1,043 shareholders attended the Annual General Meeting.

The Annual General Meeting handled the matters specified for the
Annual General Meeting in accordance with the Articles of
Association.

Decisions of the Annual General Meeting

Adoption of financial statements
The Annual General Meeting adopted Kesko Corporation's financial
statements for 2007 which include consolidated financial
statements.

Use of profit
In accordance with the Board of Directors' proposal, the Annual
General Meeting decided to pay a dividend of €1.60 per share on
Kesko Corporation's shares, or a total amount of €156 428 592,00.
The record date for dividend distribution is 3 April 2008 and the
pay date is 10 April 2008.

The dividends shall be paid to shareholders registered in the
Kesko Corporation's register of shareholders kept by the Finnish
Central Securities Depository Ltd on the record date for dividend
distribution, 3 April 2008. Because the registration practice
takes three banking days, the dividends shall be paid to those who
hold the shares at the end of 31 March 2008, the date of the
Annual General Meeting. Consequently, dividends on shares traded
on the date of the Annual General Meeting shall be paid to buyers.

Further in accordance with the Board of Directors' proposal for
profit distribution, €300,000.00 were reserved for charitable
donations at the discretion of the Board of Directors. €774 523
860,88 were left in non-restricted equity.

Discharge from liability
The Annual General Meeting discharged the Board of Directors'
members and the Managing Director from liability for the financial
year 2007.

Board of Directors
The Annual General Meeting decided to leave the number of Board
members unchanged at seven (7).

The members of the Board of Directors elected by the Annual
General Meeting of 27 March 2006 are retailer Pentti Kalliala,
Ilpo Kokkila, Executive Vice President Maarit Näkyvä, Seppo
Paatelainen, Keijo Suila, retailer Jukka Säilä and retailer Heikki
Takamäki. The term of office of each Board member, in accordance
with the Articles of Association, is three (3) years with the term
starting at the close of the General Meeting electing the member
and expiring at the close of the third (3rd) Annual General
Meeting after the election (in 2009).

The Annual General Meeting decided to leave the Board members'
fees unchanged. The Board members' fees confirmed by the Annual
General Meeting are as follows:

Monthly fees:
                           fee/m
                           o, €
Chairman of the Board of    5,000
Directors
Deputy Chairman of the      3,500
Board of Directors
Board member                2,500

Meeting fees:

                         fee/meet
                         ing, €
Fee for a Board of             500
Directors' meeting
Fee for a Committee            500
meeting
Fee to the Committee         1,000
Chairman for a
Committee meeting,
unless he/she also
acts as Chairman or
Deputy Chairman
of the Board of
Directors

In addition, daily allowances and compensation for travelling
expenses are paid to the members of the Board of Directors and
those of the Board of Directors' Committees in accordance with the
general travel rules of Kesko.

Auditor
The auditor elected for the company by the Annual General Meeting
is Authorised Public Accountants PricewaterhouseCoopers Oy, with
Johan Kronberg, APA, as the auditor with principal responsibility.
The auditor's fee and compensation are paid as per invoice.

Effect of the dividend on Kesko Corporation's option schemes
The dividend decided by the Annual General Meeting reduces the
subscription prices of shares subscribed for with the 2003D, 2003E
and 2003F stock options of Kesko Corporation's year 2003 scheme
and with the 2007A stock options of year 2007 scheme in accordance
with the terms and conditions of the schemes.

As from 3 April 2008, the record date for the payment of
dividends, the prices of new B shares subscribed for with the
above stock options shall be as follows:

Opti ISIN      B share          Exercise     Trading
on   code      subscription     period       symbol
               price
2003 FI000960  €2.00            1.4.2005-    KESBVEW10
D    9317                       30.4.2008    3
2003 FI000960  €8.99            1.4.2006-    KESBVEW20
E    9325                       30.4.2009    3
2003 FI000960  €14.88           1.4.2007-    KESBVEW30
F    9333                       30.4.2010    3
2007 FI000963  €44,22           1.4.2010-    KESBVEW10
A    7201                       30.4.2012    7

The Board of Directors' proposals to the Annual General Meeting
were published in a stock exchange release on 5 February 2008. The
notice of the Annual General Meeting was also published in a stock
exchange release on 25 February 2008.

Further information is available from Arja Talma, Senior Vice
President, CFO, telephone +358 1053 22113.


Kesko Corporation



Harri Utoslahti
Communications Manager


DISTRIBUTION
Helsinki Stock Exchange
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