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2016-08-31

Alma Media: The squeeze-out procedure related to the shares held by Talentum's minority shareholders has come to an end

Alma Media Corporation Stock Exchange Release 31 August 2016 at 9:30 a.m.

THE SQUEEZE-OUT PROCEDURE RELATED TO THE SHARES HELD BY TALENTUM'S
MINORITY SHAREHOLDERS HAS COME TO AN END

On 7.6.2016, the Arbitral Tribunal appointed by the Redemption Board
of the Finland Chamber of Commerce rendered its award regarding the
squeeze-out of Talentum Oyj's minority shareholders. Based on the
award, the squeeze-out price was EUR 1.42 per share which equals the
price offered by Alma Media for Talentum's shares in the public
voluntary bid. As the arbitration award was not appealed by due date,
it has gained legal force and the squeeze-out price based on the
award is final.

Alma Media paid the redemption price with interest to Talentum's
minority shareholders on 8.7.2016 at the latest. Interest has been
paid on the squeeze-out price since 10.12.2015. It is a statutory
reference interest rate standing until 30.6.2016 at 0.5 % and as of
1.7.2016 at 0.0 %.

Alma Media completed the tender offer announced in September 2015 and,
by a decision of the Arbitral Tribunal, acquired title to the
Talentum's shares subject to the arbitration proceedings, in
accordance with Chapter 18, Section 6 of the Limited Liability
Companies Act. Talentum's shares have been delisted from the official
list of Nasdaq Helsinki Ltd on 21.4.2016 and, excluding the shares
owned by Talentum itself, Alma Media with its subsidiaries were
entered as the only shareholders in Talentum's shareholder register
on 28.4.2016.

ALMA MEDIA CORPORATION
BOARD OF DIRECTORS

For more information, please contact:

Mikko Korttila, General Counsel, Tel. 010 665 2201

Distribution: Nasdaq Helsinki, Main Media, www.almamedia.fi

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,
Etuovi.com 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 2,500 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. Read more at www.almamedia.com.

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http://news.cision.com/alma-media/r/the-squeeze-out-procedure-related-to...

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