MTV SELLS PRODUCTION COMPANY TO AARNI KUORIKOSKI

ALMA MEDIA CORP. STOCK EXCH. BULLETIN 12 Feb. 2001, 11.00 (EET)

MTV SELLS PRODUCTION COMPANY TO AARNI KUORIKOSKI

MTV Oy will sell its production company MTV Tuotanto Oy to Mr Aarni
Kuorikoski. The company will continue to operate under its new owner
in its existing premises. In the future MTV will buy production
services from this company. The company has 34 employees. The
divestment will have no immediate impact on MTV Oy’s performance.

MTV Tuotanto Oy, a wholly owned subsidiary of MTV Oy, has been
responsible for producing various event programmes and related
production services for MTV. The company, which also supplies staging
and directing services, was also responsible for MTV’s wardrobe and
properties services. MTV Tuotanto Oy has 34 employees.

MTV Oy initiated statutory negotiations with personnel
representatives at the end of January to explore alternatives for
raising operational efficiency, based on an analysis of the company’s
operations completed last year. These discussions also applied to MTV
Tuotanto Oy. The parties to the deal have agreed that the company’s
new owner will continue the statutory negotiations as the new
employer. In other respects MTV Oy’s personnel negotiations will
continue according to plan. The negotiations are scheduled for
completion by mid-March this year.

According to Mr Aarni Kuorikoski, the company will continue to
operate in its existing premises and its customers will include other
companies in addition to MTV Oy. The number of employees will be
adjusted to the workload. The deal means that some jobs will be
saved.

Mr Ilkka Kylmälä, President of MTV Oy, stated that this divestment is
in everyone’s interest. It will improve MTV’s cost efficiency, while
offering MTV Tuotanto Oy the freedom to grow as an independent
company. Its opportunities for success are further supported, he
added, by Aarni Kuorikoski’s thorough knowledge of the company and
its business environment. Kuorikoski was previously employed as a
producer in MTV Viihde Oy and as programming manager for Pearson
Television Entertainment Oy.

ALMA MEDIA CORPORATION

Ahti Martikainen
Vice President, Communications and Investor Relations

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