Notice of Annual General Meeting to Kesko Corporation's shareholders

Notice is given to Kesko Corporation’s shareholders of the Annual General Meeting to be held at the Helsinki Fair Centre’s congress wing, Rautatieläisenkatu 3, Helsinki, on Monday, 29 March 2004 at 13.00 hrs.

The following matters will be on the agenda of the Meeting:

1.       The matters to be dealt with at the Annual General Meeting in accordance with Article 12 of the Articles of Association.*

2.       The proposal by shareholder Ritva Siipi for abandoning the stock option schemes for Kesko’s management.

Documents for the Meeting

The financial statements will be available for inspection by shareholders from 15 March 2004 at the Company head office at Satamakatu 3, Helsinki. Copies will be sent to shareholders on request.

Right to attend the Meeting

Shareholders have the right to attend the Annual General Meeting if they are registered on 19 March 2004 in the Company’s register of shareholders kept by the Finnish Central Securities Depository Ltd.

Holders of nominee-registered shares can be temporarily registered in the Company’s register of shareholders on 19 March 2004 for the purpose of attending the Annual General Meeting. The request for registration shall be made to the administrator of the nominee register.

Notification

Shareholders wishing to attend the Annual General Meeting shall notify the Company not later than 23 March 2004, at 16.00 hours, either by letter to Kesko Corporation, Legal Affairs, Satamakatu 3, FI-00016 Kesko, or by telephone +358 1053 23211, or by fax +358 1026 22727, or by e-mail kesko@yhteyspalvelut.elisa.fi, or through the Internet pages at www.kesko.fi/investorinformation. The notifications must be received by the end of the notification period. Shareholders are requested to advise their names, identity numbers or business IDs. Any proxies shall be sent to the above mailing address by the end of the notification period.

Payment of dividend

Kesko Corporation’s Board of Directors proposes to the Annual General Meeting that a dividend of EUR 2.00 per share be paid for the year 2003. The dividend shall be paid to shareholders who are registered in the Company’s register of shareholders kept by the Finnish Central Securities Depository Ltd on 1 April 2004. Kesko Corporation’s Board of Directors proposes to the Annual General Meeting that the dividend be payable on 8 April 2004.

Helsinki, 4 February 2004

KESKO CORPORATION’S BOARD OF DIRECTORS

* Kesko Corporation’s Articles of Association is available in full on the company’s Internet pages at www.kesko.fi/investorinformation, Administration and management.

Further information:

Erkki Heikkinen, Senior Vice President, Corporate Communications, tel. +358 1053 22721

KESKO CORPORATION
Corporate Communications

Erkki Heikkinen
Senior Vice President

DISTRITION
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