Shareholders´ proposal to the Annual General Meeting for the Kesko Board´s composition and remuneration

KESKO CORPORATION STOCK EXCHANGE RELEASE 02.02.2012 AT 09.30 1(2)

Kesko Corporation´s shareholders jointly holding over 10% of the votes carried
by the company shares have made a proposal to the Annual General Meeting to be
held on 16 April 2012 for the number of Board members, the Board members, their
remuneration and the reimbursement of their expenses.

Proposal for the number of Board members and the Board members

Kesko Corporation´s shareholders jointly holding over 10% of the votes carried
by the company shares have proposed that the company´s Annual General Meeting
resolve that the number of Board members be seven (7) and that Mr Esa Kiiskinen,
Mr Ilpo Kokkila, Mr Tomi Korpisaari (new member), Ms Maarit Näkyvä, Mr Seppo
Paatelainen, Mr Toni Pokela (new member) and Ms Virpi Tuunainen (new member) be
elected as Board members for a term of three years provided in the Articles of
Association.

New Board member candidate Tomi Korpisaari, b. 1968, acts as the retailer of a
combined building and home improvement and agricultural store on five
localities. Korpisaari has acted as a K-retailer since 1995. Korpisaari´s
positions of trust include Board Deputy Chair of the K-Retailers´ Association,
Board member of Vähittäiskaupan Takaus Oy, Board member of Vähittäiskaupan
Tilipalvelu VTP Oy, Board member of K-instituutti Oy, Board Deputy Chair of the
Foundation for Vocational Training in the Retail Trade, Supervisory Board member
of OP-Pohjola Group Central Cooperative, Supervisory Board Chair of Riihimäen
Seudun Osuuspankki, member of the Delegation for Entrepreneurs of the
Confederation of Finnish Industries EK, member of the delegation of family
enterprises of Perheyritysten Liitto, and Board member and Managing Director of
Olavi Korpisaari Oy. Olavi Korpisaari Oy, the company controlled by Korpisaari,
has a chain agreement with Rautakesko Ltd. At 31 January 2012, Korpisaari and
Olavi Korpisaari Oy held a total of 82,373 Kesko Corporation A shares and 500
Kesko Corporation B shares. By education, Korpisaari is a Master of Science in
Economics.

New Board member candidate Toni Pokela, b. 1973, acts as the retailer of K-
citymarket Iso Omena in Espoo. Pokela has acted as a K-retailer since 1997.
Pokela´s positions of trust include Board member of the K-Retailers´
Association, Board Chair of the K-Food Retailers´ Club, Board member of
Vähittäiskaupan Takaus Oy, Board member of K-instituutti Oy, Board member of the
Finnish Grocery Trade Association and Board member and Managing Director of