Kesko Corporation: Disclosure in compliance with Chapter 9, Section 10 of the Finnish Securities Markets Act (17.12.2024)

Kesko Corporation has on 18 December 2024 received a notification pursuant to
Chapter 9, Section 5 of the Finnish Securities Markets Act from BlackRock, Inc.

According to the notification, on 17 December 2024, BlackRock, Inc.'s holding in
Kesko Corporation fell below the threshold of five (5) per cent of shares.

According to the notification of BlackRock, Inc.:

                  % of    % of shares    Total of   Total number of shares
                  shares  and voting     both in %  and voting rights of
                  and     rights         (A + B)    issuer
                  voting  through
                  rights  financial
                  (total  instruments
                  of A)   (total of B)
Resulting         4.96%   0.05% shares   5.02%      400,079,008 shares
situation on the  shares  Below 5%       shares     1,542,611,260 voting
date on           Below   voting rights  Below 5%   rights
which threshold   5%                     voting
was crossed or    voting                 rights
reached           rights
Position of       5.03%   0.05% shares   5.09%      ------------------------
previous          shares  Below 5%       shares
notification      Below   voting rights  Below 5%
(if applicable)   5%                     voting
                  voting                 rights
                  rights

A: Shares
and voting
rights
Class/type    Number of             % of
of            shares and            shares
shares        voting                and
              rights                voting
                                    rights
   Direct     Indirect    Direct    Indirect
 (SMA 9:5)    (SMA 9:6  (SMA 9:5)   (SMA 9:6
              and 9:7)              and 9:7)
FI0009000202            19,874,647            4.96% shares
                        shares                Below 5% voting rights
                        Below 5%
                        voting
                        rights
SUBTOTAL A    19,874,647            4.96%
              shares                shares
              Below 5%              Below 5%
              voting                voting
              rights                rights

B: Financial
Instruments
according
to SMA 9:6a
Type of         Expiration  Exercise/   Physical    Number    % of shares
financial       date        Conversion  or          of        and voting
instrument                  Period      cash        shares    rights
                                        settlement  and
                                                    voting
                                                    rights
American        N/A         N/A         Physical    896       0.00% shares
Depositary                                          shares    Below 5%
Receipt                                             Below 5%  voting rights
(US4925311080)                                      voting
                                                    rights
Securities      N/A         N/A         Physical    143,786   0.03% shares
Lent                                                shares    Below 5%
                                                    Below 5%  voting rights
                                                    voting
                                                    rights
CFD             N/A         N/A         Cash        92,080    0,02% shares
                                                    shares    Below 5%
                                                    Below 5%  shares
                                                    shares
                                        SUBTOTAL B  236,762   0.05% shares
                                                    shares    Below 5%
                                                    Below 5%  voting rights
                                                    voting
                                                    rights

Kesko Corporation's share capital is divided into A shares and B shares. The
total number of shares is 400,079,008 of which 126,948,028 (31,7%) are A shares
and 273,130,980 (68.3%) are B shares. The total amount of own B shares held by
the company is 2,122,600.

The full chain of controlled undertakings through which the voting rights and/or
the financial instruments are effectively held starting with the ultimate
controlling natural person or legal entity is presented in the enclosed
attachment.

Further information is available from Lasse Luukkainen, Executive Vice
President, Legal and Sustainability, tel. +358 105 322 818.

Kesko Corporation

DISTRIBUTION
Nasdaq Helsinki Ltd
Main news media
www.kesko.fi

Attachment: Annex



                 

Attachments: