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Alma Media: Alma Media redeems an office and production facility in Tampere

Alma Media Corporation Stock exchange release 24 October 2016 at 4.40 pm (EEST)


Alma Media has a currently effective lease agreement with DNB Bank ASA
on the office and production facility at Patamäenkatu 7 in Tampere.
On 24 October 2016, Alma Media announced to use the interruption
option included in the agreement and redeeming the property. The
acquisition will be financed and the property recorded on Alma
Media's balance sheet in October 2017 and the value of the
transaction is EUR 14.5 million.

The excluded rental expenses from this deal and the depreciations
arising from it are approximately of the same size. The rental
commitment related to the lease agreement is discussed in Alma
Media's liabilities. The property is the old office and printing
facility of Aamulehti, and it is currently fully rented out. The
lease ratio of the property is 80 per cent. The gross leasable area
of the property is 18,500 sqm.

Rauno Heinonen
Vice President, Corporate Communications and Investor Relations

Distribution: NASDAQ Helsinki, main media,

For more information, please contact:
Juha Nuutinen, CFO, telephone +358 (0)10 665 3873

Alma Media in brief

Alma Media is a media company focusing on the service business and
journalistic content. The company's best-known brands are
Kauppalehti, Talouselämä, Affärsvärlden, Iltalehti, Aamulehti, Uusi
Suomi, and Monster. Alma Media builds sustainable growth
for its customers by utilising the opportunities of digitality,
including information services, system and expert services and
advertising solutions. Alma Media's operations have expanded from
Finland to the Nordic countries, the Baltics and Central Europe. Alma
Media employs approximately 2,400 professionals (excluding delivery
personnel), of whom approximately 30% work outside Finland. Alma
Media's revenue in 2015 was EUR 291.5 million. Alma Media's share is
listed on NASDAQ Helsinki.


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