Kesko Corporation's Board of Directors proposes an additional dividend of 1.00 euro

| Source: Kesko Oyj Kesko Oyj

Shares subscribed for with the B and C warrants referred to in the terms and conditions of Kesko Corporation's year 2000 stock option scheme do not, however, entitle to dividends until from the financial year during which they are subscribed and paid for. Therefore an additional dividend is not proposed for Kesko Corporation's new B shares subscribed for with B or C warrants during the year 2004 and listed on the main list of the Helsinki Stock Exchange as the "Kesko B uudet" series.
 
An additional dividend reduces the subscription prices for shares of B and C warrants of Kesko Corporation's year 2000 stock option scheme and the subscription prices for shares of D and E warrants of the year 2003 stock option scheme in accordance with the terms and conditions of the schemes.
 
If the Extraordinary General Meeting approves the Board of Directors' proposal for the distribution of an additional dividend, the dividend will be paid to company shareholders included in the shareholder register kept by the Finnish Central Securities Depository Ltd on 12 November 2004, the record date for payment of dividend. The Board of Directors proposes to the Extraordinary General Meeting that the additional dividend be paid on 19 November 2004.
 
Helsinki, 21 September 2004
 
KESKO CORPORATION'S BOARD OF DIRECTORS
 
Further information: CFO Juhani Järvi, tel. +358 1053 22209
 
KESKO CORPORATION
Corporate Communications
 
Erkki Heikkinen
Senior Vice President
tel. +358 1053 22721, +358 500 615 548
 
DISTRIBUTION
Helsinki Stock Exchange
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