Increase in Alma Media Corporation's share capital registered

ALMA MEDIA CORP. STOCK EXCHANGE RELEASE 3 FEB 2004, 14.00 INCREASE IN ALMA MEDIA CORPORATION’S SHARE CAPITAL REGISTERED An increase of EUR 210.23 in Alma Media Corporation’s share capital was recorded today in the Trade Register. This represents 125 Series II shares subscribed during 2003 under the A warrants issued in 1999. The registered increase is the first share subscription under the 1999 bond with warrants. Following the decision of the AGM on 24 March 1999 Alma Media Corporation offered bonds with warrants totalling 1,220,000 Finnish markka to its employees entitling subscription of altogether 610,000 Series II shares under warrants A and B. The 610,000 Series II shares represent 3.73 % of the company’s share capital and 0.79 % of the total voting rights. The share subscription period for the A warrants is 28 May 2001 - 30 June 2006, and for the B warrants 28 May 2003 - 30 June 2006. The average price of the Series II share in October 1999, used to calculate the bond subscription price, was EUR 20.58 per share. Under the terms of the bond, half of the shares may be subscribed from 28 May 2001 at a price 12% above the average price in October 1999, i.e. EUR 23.05 per share, and the other half of the shares from 28 May 2003 at a price 28% above the average price in October 1999, i.e. EUR 26.34. Any dividends payable will be deducted from the subscription price before subscription. The subscription price of shares under the A warrants, before payment of any dividend for 2003, is EUR 21.51 per share and for the shares under the B warrants, EUR 24.80 per share. An increase of EUR 210.23 in Alma Media Corporation’s share capital was recorded today in the Trade Register. This represents 125 Series II shares subscribed during 2003 under the A warrants issued in 1999. Alma Media Corporation’s fully paid up and registered share capital now stands at EUR 26,456,271.98. The share capital is divided into two share series as follows: 6,771,586 Series I shares and 8,958,599 Series II shares. The new shares carry full dividend rights for 2003 and will be admitted for trading on 4 February 2004. ALMA MEDIA CORPORATION Ahti Martikainen Vice President, Communications and IR Distribution: HEX Helsinki Exchanges, Principal Media