Timetable for capital repayment

ALMA MEDIA CORP.           STOCK EXCHANGE ANNOUNCEMENT 11 AUG 2006, 8.30 AM  1 (1)

 

TIMETABLE FOR CAPITAL REPAYMENT

 

The Board of Directors has decided on the timetable for the capital repayment approved by the Annual General Meeting on 8 March 2006 as follows: the record date for the capital repayment is Friday 18 August 2006 and the payment date will be Wednesday 23 August 2006.

 

Alma Media Corporation has received permission from the Board of Patents and Registration to reduce the company’s share premium fund by 39,544,637.19 euros and to repay an amount of restricted equity corresponding to this reduction, i.e. 0.53 euros per share, to its shareholders. The funds will be repaid to those shareholders who are registered on the record date, 18 August 2006, in the Alma Media Corporation shareholder register maintained by the Finnish Securities Depository Ltd. Hence the capital repayment will be reduced from the Alma Media share after the close of trading on Tuesday 15 August 2006.

 

The payment date for the capital repayment is 23 August 2006.

 

Since no company shares will be annulled or redeemed in conjunction with the capital repayment, the reduction of the share premium fund and the capital repayment will have no effect on the number of shares, their book counter-value or the number of votes.

 

 

ALMA MEDIA CORPORATION          

 

Terhi Lambert-Karjalainen

Communications Manager

 

DISTRIBUTION: Helsinki Stock Exchange, principal media

 

Alma Media is a Finnish media group that publishes newspapers, produces and distributes economic information, and maintains online marketplaces. The Group’s portfolio contains business, afternoon, regional, local and town papers. Alma Media also owns leading online marketplaces, a business that it is also expanding into markets outside Finland.

 

Alma Media’s best known products are the Aamulehti, Iltalehti and Kauppalehti papers and the Etuovi.com home-buying internet service. The Group derives about half of its net sales from media advertising and roughly 40 % from newspaper circulation revenues. Net sales of continuing operations in 2005 amounted to MEUR 286, generating an operating profit of MEUR 42 or an operating margin of 14.8 %. The company’s share is quoted on the Main List of the Helsinki Exchanges. The trading code is ALN1V. More information at http://www.almamedia.fi/home.