Flagging announcement


Arnedo Oy, a subsidiary of SanomaWSOY Group's division Sanoma Corporation, has sold a part of its shareholding in Ilkka-Yhtymä Oyj.

Arnedo's holding will go below one third (1/3) of Ilkka-Yhtymä's share capital and votes following the sale of shares of series II. The deal will be finalized on 3 July 2002 and the clearance date will be 10 July 2002. As required by the Securities Markets Act, Chapter 2, Section 9, we report the following information to the Financial Supervision and Ilkka-Yhtymä:

Complete name of the company:

Ilkka-Yhtymä Oyj

Date of change in ownership:

10 July 2002

Holding in Ilkka-Yhtymä's votes and shares:

Arnedo's present shareholding:

No. of shares: 38,306
Percentage of share capital: 1.18%
Percentage of votes: 3.57%

No. of shares: 776,792
Percentage of share capital: 23.83%
Percentage of votes: 3.62%

No. of shares: 815,098
Percentage of share capital: 25.01%
Percentage of votes: 7.19%

Arnedo's shareholding before the transaction:

No. of shares: 47,990
Percentage of share capital: 1.47%
Percentage of votes: 4.48%

No. of shares: 1,064,702
Percentage of share capital: 32.67%
Percentage of votes: 4.97%

No. of shares: 1,112,692
Percentage of share capital: 34.14%
Percentage of votes: 9.45%

Ilkka-Yhtymä's share capital consists of 3,259,074 shares (956,458 shares of series I and 2,302,616 shares of series II). The shares carry in total 21,431,776 votes (each I-share carries 20 votes/share and each II-share one vote/share).

Complete name and trade registration number of the shareholder:

Arnedo Oy, trade registration number 724.914, business identity code 1445643-9


Raija Kariola
Vice President
Investor Relations and Group Communications

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