Alma Media has received a demand to convene an Extraordinary General Meeting

Alma Media Corporation Stock Exchange Release 22 December 2008 at
11:40

ALMA MEDIA HAS RECEIVED A DEMAND TO CONVENE AN EXTRAORDINARY GENERAL
MEETING

On 21 December 2008 Alma Media received a letter from Oy Herttaässä
Ab, addressed to the Board of Directors of Alma Media Corporation.
The letter is presented below unabridged.

Demand to convene an Extraordinary General Meeting

Alma Media's shareholder Oy Herttaässä Ab (0761658-8) that holds over
10% of the shares in Alma Media Corporation requests that the Board
of Directors of Alma Media Corporation convenes an Extraordinary
General Meeting (EGM) soonest to consider and resolve the following
matters:

1. Composition of the Board of Directors:
Herttaässä proposes that the composition of the Board of Directors
shall be discussed and changed at the EGM.

2. Repurchase of Alma Media's own shares:
The EGM is proposed to authorize the Board of Directors of Alma
Media, in accordance with Chapter 15, Section 5 of the Finnish
Companies Act, to decide to repurchase 10% of the company's own
shares (7,461,200 shares).

The company's own shares would be repurchased with the unrestricted
shareholders' equity, at the prevailing market price on NASDAQ OMX
Helsinki Oy. The own shares repurchased for Alma Media can be
retained by the company, canceled or further assigned.

The authorization is proposed to be valid until 31 August 2009.

3. Mergers and acquisitions:
Herttaässä proposes that the EGM considers the possibility to merge
Alma Media Corporation and Talentum Oyj. The EGM should consider the
shareholder benefits and implementation methods of the merger. An
option for the implementation of the said merger would be an exchange
offer for the shareholders of Talentum Oyj. Herttaässä proposes that
the exchange ratio should be 3:1 - with three (3) Talentum shares a
shareholder would receive one (1) Alma Media share.

Herttaässä proposes that the EGM resolves to merge Alma Media
Corporation and Talentum Oyj, provided that the shareholders of
Talentum Oyj approve the proposed exchange offer.

Helsinki 18 December 2008
OY HERTTAÄSSÄ AB
Kai Mäkelä


Kauppalehti Oy, a subsidiary of Alma Media Corporation, holds 29.9%
of the shares of Talentum Oyj. "There are no merger negotiations
going on between Alma Media and Talentum", says Kai Telanne,
President & CEO of Alma Media Corporation.

Oy Herttaässä Ab holds currently 13.54% of Alma Media shares. The
Board of Directors of Alma Media will discuss the received letter of
demand in the manner provided by the Finnish Companies Act. Alma
Media will disclose immediately the decisions potentially taken in
the matter.

ALMA MEDIA CORPORATION
Rauno Heinonen, Vice President, Corporate Communications & IR

For further information, please contact:

Mikko Korttila, General Counsel, tel. +358 10 665 2201
Rauno Heinonen, Vice President, Corporate Communications & IR, tel.
+358 10 665 2251

Distribution:
NASDAQ OMX Helsinki
Principal media


Alma Media in brief

Alma Media is a profitably growing and internationally expanding
company that invests in the future of newspapers and online media.
Its best known products are the Aamulehti, Iltalehti, Kauppalehti and
Etuovi.com.

Net sales in 2007 totalled EUR 329 million and the operating margin
was over 19%. The company's share is listed in the Mid Cap segment of
the Nasdaq OMX Helsinki.