Cooperation negotiations concerning the planned changes in Kesko's home and speciality goods trade, building and home improvement trade and food trade to start

KESKO CORPORATION STOCK EXCHANGE RELEASE 07.10.2014 AT 09.00 1(1)

Cooperation negotiations concerning the planned changes in Kesko's home and
speciality goods trade, building and home improvement trade and food trade to
start

Kesko seeks more competitive multi-channel home and speciality goods trade and
aims to achieve synergies especially in the production of online services and
the development of concepts. At the same time, a basis to improve profitability
is formed, the organisational structure is evaluated, the combination of the
building and home improvement trade division with the home and speciality goods
trade division into the home improvement and speciality goods trade division is
planned, and the non-food part of the K-citymarket chain, currently part of the
home and speciality goods division, is planned to be integrated into Kesko Food
operations as the grocery trade division starting from 1 January 2015.

In order for a more detailed discussion of the change plans, cooperation
negotiations will be started in Kesko's home and speciality goods trade
companies and building and home improvement trade companies in Finland, as well
as in Kesko Food Ltd, Kesko Corporation and K-Plus Oy. The planned changes would
cause significant changes in the organisational structure and employees' job
descriptions, especially in functions that support sales and purchasing
operations. A total of approximately 2,800 people will be included in the
negotiations and the total reduction need in the companies is estimated at a
maximum of 230 full-time equivalents. The impacts of the planned changes on
personnel will be specified for the companies in more detail as the planning and
the negotiations progress. Anttila, Kodin1 and K-citymarket department stores
will not be included in the above cooperation negotiations.

Kesko has announced the matter previously in a stock exchange release on 24
September 2014.

A presentation of Kesko's home and speciality goods division is available at
http://www.kesko.fi/en/Company/Divisions/Home-and-speciality-goods-trade.


Cooperation negotiations for improving operational efficiency were also started
in VV-Auto Group Oy and VV-Autotalot Oy on 23 September 2014. A total of
approximately 700 people are included in the negotiations and the reduction need
is estimated at a maximum of 49 full-time equivalents.

Further information:
Senior Vice President Matti Mettälä, Kesko Corporation, Human Resources and
Stakeholder Relations, tel. +358 105 350 200.

Kesko Corporation


Merja Haverinen
Vice President, Group Communications


DISTRIBUTION
NASDAQ OMX Helsinki Ltd
Main news media
www.kesko.fi


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