Kesko Corporation: Disclosure in compliance with Chapter 9, Section 10 of the Finnish Securities Markets Act (13.11.2025)

According to a notification pursuant to Chapter 9, Section 5 of the Finnish
Securities Markets Act, received by Kesko Corporation on 14 November 2025, the
combined holding of K-ruokakauppiasyhdistys, K-Retailers' Association, and the
Foundation for Vocational Training in the Retail Trade exceeded the threshold of
five (5) percent for shares and twenty (20) percent for voting rights in Kesko
Corporation on 13 November 2025. After the change in ownership interest, the
combined holding of K-ruokakauppiasyhdistys, K-Retailers' Association, and the
Foundation for Vocational Training in the Retail Trade was 7.72 percent of
shares and 20.01 percent of voting rights in Kesko Corporation on 13 November
2025.

According to the notification of K-ruokakauppiasyhdistys:

                  % of     % of shares   Total of  Total number of shares
                  shares   and voting    both in   and voting rights of
                  and      rights        % (A +    issuer
                  voting   through       B)
                  rights   financial
                  (total   instruments
                  of A)    (total of B)
Resulting         7.72%    -             7.72%     30,865,916 shares,
situation on the  shares,                shares,    308,659,160 voting
date on           20.01%                 20.01%    rights
which threshold   voting                 voting
was crossed or    rights                 rights
reached
Position of                                        ------------------------
previous
notification
(if applicable)

A: Shares
and voting
rights
Class/type    Number of                  % of shares and
of            shares and                 voting rights
shares        voting
              rights
   Direct       Indirect      Direct       Indirect
 (SMA 9:5)    (SMA 9:6 and   (SMA 9:5)   (SMA 9:6 and
                  9:7)                       9:7)
KESKOA /      2,707,540     28,158,376   0.68%          7.04 % shares
FI0009007900  shares,       shares,      shares,1.76%   18.25% voting
              27,075,400    281,583,760  voting rights  rights
              voting        voting
              rights        rights
SUBTOTAL A    30,865,916                 7.72% shares,
              shares,                    20.01% voting
              308,659,160                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 1,960,181.

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