Kesko Oyj — Major Shareholding Notification 2021

Sep 9, 2021

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KESKO CORPORATION STOCK EXCHANGE RELEASE 9.9.2021 AT 17.00

Disclosure in compliance with Chapter 9, Section 10 of the Finnish Securities Markets Act

Kesko Corporation has on 9 September 2021 received a notification pursuant to Chapter 9, Section 5 of the Finnish Securities Markets Act from Ilmarinen Mutual Pension Insurance Company.

According to the notification, on 9 September 2021 Ilmarinen Mutual Pension Insurance Company's holding in Kesko fell below the threshold of ten (10) per cent for voting rights.

Total position of Ilmarinen Mutual Pension Insurance Company subject to the notification:

	% of shares and voting rights	% of shares and voting rights through financial instruments	% of total	Total number of shares and voting rights in issuer
Resulting situation on the date on which the threshold was crossed or reached	3.84% of shares
9.97% of voting rights	0.00	3.84% of shares
9.97% of voting rights	400,079,008 shares 1,542,611,260 voting rights
Position of previous flagging notification (if applicable)	4.89% of shares
10.56% of voting rights	0.00	4.89% of shares
10.56% of voting rights

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

A. Shares and voting rights

Class / type of shares ISIN code	Number of shares and voting rights		% of shares and voting rights
	Direct (SMA 9:5)	Indirect (SMA 9:6 and 9:7)	Direct (SMA 9:5)	Indirect (SMA 9:6 and 9:7)
KESKOAFI0009007900	15,445,984 shares
154,459,840 voting rights		3.84% of shares
9.97% of voting rights
KESKOBFI0009000202	0		0%

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| SUBTOTAL | 15,445,984 shares
154,459,840 voting rights | 3.84% of shares
9.97% of voting rights |
| --- | --- | --- |

Further information is available from Lasse Luukkainen, Group General Counsel, tel. +358 105 322 818.

Kesko Corporation

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