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2014-04-07

Kesko Oyj: Resolutions of Kesko Corporation's General Meeting

KESKO CORPORATION STOCK EXCHANGE RELEASE 07.04.2014 AT 15.00 1(2)

Resolutions of Kesko Corporation's General Meeting

Kesko Corporation's Annual General Meeting today adopted the financial
statements for 2013 and discharged the Board members and the Managing
Director from liability. The General Meeting resolved to distribute €1.40 per
share as dividends. The General Meeting resolved that the number of Board
members is seven and elected PricewaterhouseCoopers Oy as the company's
auditor. In addition, the General Meetingapproved the Board's proposal for
authorising the Board to make donations.

The General Meeting handled the business specified for the Annual General
Meeting in the Articles of Association, and the other matters listed below.

Resolutions of the General Meeting

Adoption of the financial statements

The General Meeting adopted Kesko Corporation's financial statements and the
consolidated financial statements for 2013.

Use of profit

The General Meeting resolved to distribute a dividend of €1.40 per share on
98,917,685 shares held outside the company at the date of dividend
distribution, or a total amount of €138,484,759. No dividend is paid on own
shares held by the Company at the record date of dividend distribution. The
record date for dividend distribution is 10 April 2014 and the General
Meeting resolved that the dividend pay date is 17 April 2014.

Discharge from liability

The General Meeting discharged the Board members and the Managing Director
from liability for the financial year 2013.

Board of Directors

The General Meeting resolved that the number of Board members is seven (7). In
addition, the General Meeting resolved to leave the Board members' fees and
the basis for reimbursement of expenses unchanged. The fees and the basis for
reimbursement of expenses are as follows:

The Chair of the Board is paid an annual fee of €80,000, the Deputy Chair of
the Board €50,000, and a member of the Board €37,000. A meeting fee of €500
per meeting is paid for a Board meeting and its Committee's meeting, with the
exception that the Chair of a Committee who is not the Chair or the Deputy
Chair of the Board is paid a fee of €1,000 per Committee meeting. Daily
allowances are paid and travel expenses are reimbursed to Board members in
accordance with the general travel rules of Kesko.

In accordance with the Articles of Association, the terms of office of the
seven (7) Board members elected by the Annual General Meeting on 16 April
2012, namely Esa Kiiskinen (Ch.), Seppo Paatelainen (Deputy Ch.), Ilpo
Kokkila, Tomi Korpisaari, Maarit Näkyvä, Toni Pokela and Virpi Tuunainen,
will expire at the close of the 2015 Annual General Meeting.

Auditor

The General Meeting resolved that the auditor's fee is paid and expenses are
reimbursed according to invoice approved by the company. The General Meeting
elected the firm of auditors PricewaterhouseCoopers Oy, Authorised Public
Accountants, as the company's auditor. The auditor with principal
responsibility for the company is APA Johan Kronberg.

Donations for charitable purposes

The General Meeting approved the Board's proposal that it be authorised to
decide on donations in a total maximum of €300,000 for charitable or
corresponding purposes until the Annual General Meeting to be held in 2015,
and to decide on the donation recipients, purposes of use and other terms of
the donations.

Effects of the dividend on Kesko Corporation's 2007 option scheme

The €1.40 dividend per share resolved by the General Meeting reduces the
subscription prices of shares subscribed for with the 2007C options of the
2007 option scheme in accordance with the terms and conditions of the scheme.

As from 10 April 2014, the record date for the payment of dividends, the
subscription prices of new B shares subscribed for with the above options are
as follows:

-----------------------------------------------------------------------
|Option ISIN code B share Subscription period Short name |
| |
| subscription |
| price |
| |
|2007C FI0009637227 €10.84 1 Apr. 2012-30 Apr. 2014 KESBVEW307 |
-----------------------------------------------------------------------
The proposals to the General Meeting were published in stock exchange releases
on 4 February 2014. The notice of General Meeting was also published in a
stock exchange release on 24 February 2014.

Further information
is available from Senior Vice President, General Counsel Anne Leppälä-Nilsson,
tel. +358 105 322 347.

Kesko Corporation

Harri Utoslahti
Communications Manager

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

---------------------------------------

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Kesko Oyj via Globenewswire

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