Oriola-KD Corporation is investigating strategic options for its Russian businesses, including negotiations concerning the sale of operations

Oriola-KD Corporation is investigating strategic options for its Russian businesses, including negotiations concerning the sale of operations

Oriola-KD Corporation ("Oriola-KD" or the "Company") has taken notice of certain public reports stating that the Company would be engaged in negotiating the sale of its Russian operations. Oriola-KD has stated in its interim report for 1 January-30 June 2014, which was published on 24 July 2014, that the Company will continue and enhance the efficiency measures taken to improve the performance of the Russian wholesale business during the second half of the year. Further to previously mentioned measures, the Company has also nominated a financial advisor to investigate the conditions for selling the Company's Russian businesses and conducted negotiations in the matter. No decision has been made on the sale of the businesses, and there is no certainty regarding the completion of any possible sale. In addition to the ongoing initiatives to develop Company's Russian businesses, the Company will also continue to investigate other strategic alternatives and will publish further information on the matter if the situation so warrants.

Oriola-KD Corporation

Tuomas Itkonen
CFO

Tuomas Itkonen
CFO
Mobile +358 40 596 4004
email: tuomas.itkonen@oriola-kd.com

Eero Hautaniemi
President & CEO
Mobile +358 50 429 2109
email: eero.hautaniemi@oriola-kd.com

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NASDAQ OMX Helsinki Ltd.
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Oriola-KD Corporation
Corporate Communications
Orionintie 5
FI-02200 Espoo, Finland
www.oriola-kd.com