The Regional State Administrative Agency for Southern Finland partially approved Herttaässä's application for a special audit on Alma Media

Alma Media Corporation    Stock Exchange Release   August 24, 2011 at 20:15
 (EEST)


THE REGIONAL STATE ADMINISTRATIVE AGENCY FOR SOUTHERN FINLAND PARTIALLY APPROVED
HERTTAÄSSÄ'S APPLICATION FOR A SPECIAL AUDIT ON ALMA MEDIA

Oy Herttaässä Ab proposed to the Annual General Meeting (AGM) held on March
11, 2010 that a special audit should be conducted regarding the operations of
the Nomination and Compensation Committee of the Board of Directors of Alma
Media Corporation during the latest five years. The AGM considered the proposal
and as the shareholding of Oy Herttaässä Ab exceeded 10% at the time of the AGM,
the proposal was included in the meeting minutes and was disclosed on the same
day in a stock exchange release concerning the decisions taken by the AGM.

The Regional State Administrative Agency for Southern Finland has considered the
application for a special audit on Alma Media, submitted by Herttaässä. To the
extent that the application concerned the actions of the Nomination and
Compensation Committee and its predecessor, the Election Committee, and how the
principle of equality has been taken into account in the operations of the
Committees, the Regional State Administrative Agency has approved the
application.

However, to the extent that the application concerned a request on a special
audit on the selection criteria for the appointment of the members of the
Nomination and Compensation Committee, on the grounds for the determination of
the fees paid to the members  of the Nomination and Compensation Committee as
well as on who have been the members of the Board of Directors and the
Nomination and Compensation Committee of the company, The Regional State
Administrative Agency has rejected the application.

Alma Media will examine the decision and its reasoning carefully and then
decides whether it shall appeal against the decision to the administrative
court.

Alma Media announced that Herttaässä has requested the special audit on April
15, 2010 via a stock exchange release.

Alma Media Corporation
Rauno Heinonen
VP, Corporate Communications and IR


For further information, please contact:
Mikko Korttila, General Counsel, tel +358 10 665 2201

Distribution: NASDAQ OMX Helsinki, main media



Alma Media in brief

Alma Media is a dynamic media company whose best-known products are Aamulehti,
Iltalehti, Kauppalehti and Etuovi.com. Alma Media employs approximately 2,800
professionals. The company's net sales in 2010 totalled MEUR 311.4 with an
operating margin of 13.9 per cent. Alma Media's share (ALN1V) is listed in the
NASDAQ OMX Helsinki Exchange. Read more at www.almamedia.fi


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