AN ERROR IN KESKO’S ANNUAL REPORT

There is an error in the tables listing the main shareholders on page 48 of Kesko’s Annual Report for 1997 published on Wednesday 25 March 1998. The figures stated for Merita Bank Plc refer to the numbers of the shares registered by Merita Bank Plc in a nominee name, and not to shares owned by Merita Bank Plc. Attached are the new tables without nominee registrations.

For further information, please contact Jukka Pokki,
telephone +358 1053 22645.

KESKO LTD
Corporate Communications
Jukka Pokki
Manager

ATTACHMENTS:
The 20 main shareholders by number of shares at 31 December 1997
The 20 main shareholders by number of votes at 31 December 1997

DISTRIBUTION:
Helsinki Stock Exchange
Main mass media

The 20 main shareholders by number of shares at 31 December 1997

		Number of shares	% of shares	% of votes
1	Kesko Pension Fund	3,520,705	3.90	9.32
2	Pension Insurance Company Ilmarinen	3,035,000	3.36	0.08
3	Vähittäiskaupan Takaus Oy	2,378,533	2.64	6.51
4	The K-Retailers’ Association	2,191,239	2.43	5.97
5	The Finnish Local Govern.Pens.Inst.	2,059,600	2.28	0.06
6	Valluga-Sijoitus Oy	1,669,510	1.85	4.57
7	Suomi Mutual Life Insurance Company	1,450,000	1.61	0.04
8	Insurance Company Pohjola	1,428,500	1.58	0.04
9	Paulig Ltd	1,063,320	1.18	0.03
10	A. Ahlström Corporation	925,000	1.03	0.03
11	Pension Varma Mutual Ins.Company	752,820	0.83	0.02
12	Life Insurance Company Pohjola	705,400	0.78	0.02
13	Foundation for Voc. Training in the Retail Trade	646,105	0.72	1.36
14	Pension Foundation Polaris Pensionsstiftelse Sr.	630,000	0.70	0.02
15	Oy Stockmann Ab	617,000	0.68	0.02
16	Pension Sampo Insurance Company Ltd	568,800	0.63	0.02
17	Kaleva Mutual Insurance Company	485,000	0.54	0.01
18	Sampo Insurance Company Limited	450,000	0.50	0.01
19	Sampo Enterprise Insurance Company Limited	450,000	0.50	0.01
20	Nova Life Insurance Company Limited	394,400	0.44	0.01

The 20 main shareholders by number of votes at 31 December 1997

		Number of votes	% of votes	Number of shares	% of shares
1	Kesko Pension Fund	34,060	9.32	3,520,705	3.90
2	Vähittäiskaupan Takaus Oy	23,790	6.51	2,378,533	2.64
3	The K-Retailers’ Association	21,799	5.97	2,191,239	2.43
4	Valluga-sijoitus Oy	16,700	4.57	1,669,510	1.85
5	Foundation for Voc. Training in the Retail Trade	4,951	1.36	646,105	0.72
6	Kivinokka Oy	2,852	0.78	284,780	0.32
7	Lasse Aaltonen Oy	2,800	0.77	311,770	0.35
8	Penttinen Veli Ky	2,596	0.71	267,420	0.30
9	A Toivakka Oy	1,921	0.53	211,450	0.23
10	Hannu Aaltonen Oy	1,641	0.45	217,130	0.24
11	Ruokajätti Kalevi Sivonen Oy	1,386	0.38	197,500	0.22
12	Vesa Laakso Oy	1,261	0.35	125,600	0.14
13	Sundman & Co - Holding Oy Ab	1,113	0.30	110,802	0.12
14	Pekka Huovila Oy	1,059	0.29	105,430	0.12
15	Lammela Oy	1,052	0.29	104,780	0.12
16	Järvenpään K-Tavaratalo Kauppamies Oy	1,021	0.28	101,650	0.11
17	Kotihalli Oy	967	0.26	116,000	0.13
18	Jutor Oy	967	0.26	118,000	0.13
19	K-Tavaratalo Länsitori Simo Lignell Oy	926	0.25	92,120	0.10
20	Veikko Still Oy	924	0.25	91,985	0.10