Subscription for SanomaWSOY's Series B Shares with Stock Options and Convertible Capital Notes Conversion into Series B Shares

Subscription for SanomaWSOY's Series B Shares with Stock Options and Convertible Capital Notes Conversion into Series B Shares

SanomaWSOY Corporation's share capital has increased by EUR 245,186.43 corresponding to 570,201 shares due to 5,300 Series B shares subscribed with 2001A stock options and 21,850 Series B shares subscribed with 2001B stock options, as well as convertible capital note conversion. A total of 864 notes of SanomaWSOY's convertible capital note were converted into 543,051 Series B shares.

The increase of share capital was entered into the Trade Register on 23 December 2005 and the trading with the new shares begins on the Main list of Helsinki Stock Exchange on 27 December 2005.

For the new shares subscribed with 2001A and 2001B stock options, all shareholder rights commence from the date on which the increase in share capital is entered into the Trade Register. SanomaWSOY's convertible capital notes converted into the new shares entitle their holders to a dividend for the first time for the financial year during which the conversion has taken place. Other shareholder rights commence from the date on which the increase in share capital is entered into the Trade Register.

In total, SanomaWSOY's share capital increased from EUR 67,233,673.83 to EUR 67,478,860.26, and the number of Series B shares grew from 133,230,069 to 133 800 270 shares. The number of Series A shares remains at 23,127,312.

SanomaWSOY announced the Warrant Scheme 2001 on 31 January 2002. SanomaWSOY informed about the previous share conversion with 2001 stock options and the increase of share capital on 10 November 2005.

Trading with the convertible capital notes began on Helsinki Stock Exchange on 6 September 2001. The imputed conversion price of a share is EUR 15.91 and the nominal value of each note is EUR 10,000. A fixed annual interest of 5.25% is payable on the notes. When issued, the loan totalled EUR 200 million. After the conversion, the loan amounts to EUR 90.3 million. In total, SanomaWSOY has redeemed and invalidated 4,944 notes. The redeemed notes will be invalidated every six months.

SanomaWSOY informed about the previous conversion and the increase of share capital on 10 November 2005. For this year, the conversion period of the convertible capital notes ended on 30 November 2005. The conversion period for 2006 begins on 2 January 2006.