The increase of Alma Media Corporation's share capital based on option programme 2006B


Alma Media Corporation Stock exchange release May 17, 2011 at 10.00 (EEST)

THE INCREASE OF ALMA MEDIA CORPORATION'S SHARE CAPITAL BASED ON OPTION PROGRAMME
2006B

The stock option rights granted under Alma Media Corporation's option programme
2006B have been used to subscribe to a total of 357,330 new Alma Media
Corporation shares during March 7 - April 30, 2011. Based on these
subscriptions, a total of EUR 214,398 will be recorded in the company's share
capital and EUR 2,483,443.50 in the share premium fund.

The increase in share capital has been entered in the Trade Register today.
Public trading of the new shares will commence on NASDAQ OMX Helsinki Stock
Exchange together with the old shares on May 18, 2011.

In accordance with the terms and conditions of Alma Media's 2006 option
programme, the share subscription price for the 2006B option rights was EUR
7.55 per share and the book countervalue EUR 0.60 per share. As a result of the
share subscriptions made with the 2006B option rights, the registered share
capital of Alma Media Corporation rose to EUR 45,292,111.80.

After the increase in the share capital, the total number of Alma Media
Corporation's shares is 75,486,853.

The terms and conditions of the stock option programme 2006 can be viewed at
Alma Media website, www.almamedia.fi/option_programmes.

During 2011, the timetable for the share subscriptions based on option programme
2006 is as follows:

Share subscription deadline Entry into the Trade Register New shares tradable

19 Jul 2011                 4 Aug 2011                    5 Aug 2011

25 Oct 2011                 10 Nov 2011                   11 Nov 2011

19 Dec 2011                 5 Jan 2012                    6 Jan 2012


Dividend rights of the shares and other shareholder rights commence after the
increase in share capital has been entered in the Trade Register. After
subscription, the shares shall have the same dividend rights as other Alma Media
shares.

Alma Media Corporation
Rauno Heinonen
Vice President, Corporate Communications and IR



Further information:
Tuomas Itkonen, CFO, tel. +358 10 665 2244

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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