Announcement pursuant to the Securities Act, Chapter 9, Section 5: Ownership of Otava Oy in Alma Media Corporation

Alma Media Corporation     Stock Exchange Release 20 June 2023 at 8.00 a.m.

ANNOUNCEMENT PURSUANT TO THE SECURITIES ACT, CHAPTER 9, SECTION 5: OWNERSHIP OF
OTAVA OY IN ALMA MEDIA CORPORATION

Alma Media Corporation has received a notification on June 16, 2023, pursuant to
Chapter 9, Section 5 of the Finnish Securities Markets Act, that Otava's holding
of the shares and votes in Alma Media has exceeded the threshold of 30%.

Issuing company and its business ID: Alma Media Corporation, 1944757-4

Complete name and business ID of the shareholder: Otava Oy, 0822255-6

Basis of announcement: Acquisition or disposal of shares or voting rights

Date of transaction and exceeding the threshold: 15 June 2023

Total position of Otava subject to the notification:

                                    % shares and   Total number of shares
                                    voting rights  and voting rights of
                                                   issuer
Resulting situation on the date on  30.01%         82 383 182
which the threshold was crossed or
reached
Position of previous notification   29.04%

Notified details of the resulting situation on the date on which the threshold
was crossed:

A: shares and
voting rights
Class/type of  Number    % of shares and voting rights
sharesISIN     of
-code          shares
               and
               voting
               rights
FI0009013114   24 723    30.01%
               705
A TOTAL        24 723    30.01%
               705

ALMA MEDIA CORPORATION

Elina Kukkonen

SVP, Communications and Brand

Distribution: NASDAQ Helsinki, main media, www.almamedia.fi/en

Alma Media in brief

Alma Media is an international company of digital media, marketplaces and
services with a strong capacity for renewal. We inspire human curiosity and
choice by creating services that combine technology and content with a local
heart. In Finland, our best-known brands include Kauppalehti, Talouselämä,
Iltalehti, Jobly, Etuovi.com, Nettiauto and Nettimoto. Our recruitment services
include prace.cz and jobs.cz in the Czech Republic, Profesia.sk in Slovakia and
mojposao.net in Croatia.

In Finland, our business operations include leading housing and automotive
marketplaces, financial and professional media, national consumer media and
content and data services for businesses and professionals. Alma Media's
international business in Eastern Central Europe, Sweden and the Baltic
countries consists of recruitment services and an online marketplace for
commercial properties.

Alma Media operates in 11 countries in Europe and employs approximately 1,700
professionals. Alma Media's revenue from continuing operations was EUR 309
million in 2022 of which the share of digital business was 81%. Alma Media's
share is listed on NASDAQ Helsinki. Read more at www.almamedia.fi/en/.