Kesko plans to merge Kesko Food Ltd and Rautakesko Ltd with the Group's parent company

KESKO CORPORATION STOCK EXCHANGE RELEASE 22.07.2015 AT 09.05 1(1)

Kesko plans to merge Kesko Food Ltd and Rautakesko Ltd with the Group's parent company

Kesko is planning to merge its subsidiaries Kesko Food Ltd and Rautakesko Ltd with Kesko Corporation as part of the Group structure simplification.

In the stock exchange release of 27 May 2015 concerning the new strategy Kesko said that Kesko Group would immediately start planning to simplify the legal structure. Merging the two largest division parent companies in terms of net sales with the Group's parent company would be a step forward in implementing the strategy for a more unified Kesko. At the same time, some of Kesko Food Ltd's and Rautakesko Ltd's subsidiaries are also planned to be merged with the Group's parent company.

In June and July, mergers of certain other companies, mainly providing Group services, and those of real estate companies have also been initiated in Kesko Group.

Further information is available from Senior Vice President, CFO Jukka Erlund, tel. +358 105 322 113 and Senior Vice President Anne Leppälä-Nilsson, tel. +358 105 322 347.

Kesko Corporation

Merja Haverinen
Vice President, Group Communications

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