Alma Media acquires leading online recruitment services in Slovakia and several neighbouring countries


Alma Media Corporation   Stock Exchange Release    November 15, 2012 at 16.45
(EET)

ALMA MEDIA ACQUIRES LEADING ONLINE RECRUITMENT SERVICES IN SLOVAKIA AND SEVERAL
NEIGHBOURING COUNTRIES
The acquisition makes Alma Media the leading job portal company in the region

Alma Media Corporation has today acquired full ownership of the leading online
recruitment assets in the Slovakian and Croatian markets, and minority stakes of
job portals operating in the Serbian and Bosnian markets. The acquisition
complements Alma Media's already strong recruitment service offering in the
Czech Republic, the Baltic countries and Finland and brings synergies between
the operating countries.

In the transaction Alma Media acquired the Eastern European job portal assets of
A&N Media Limited, a fully owned subsidiary of Daily Mail and General Trust Plc.
The transaction price is 24 MEUR on an enterprise value basis. Alma Media
finances the transaction using its existing credit facilities.

The largest of the acquired assets is Profesia s.r.o., which is the dominant
recruitment service provider in Slovakia and also operates challenger job
portals in the Czech Republic and Hungary. The acquired Croatian company, Tau
on-line d.o.o., operates moj-posau.net, which is the leading job portal in the
country. The transaction also includes Autovia, the second largest used car
portal service in Slovakia as well as a 25% ownership stake in Infostud 3
d.o.o., operating the market leading recruitment portal and a car portal in
Serbia, and a 30% ownership stake in Development Studio d.o.o., a company behind
the market leader job portal in Bosnia and Herzegovina.

Calculated on a pro rata basis from the ownership stakes actually acquired, the
annual revenue of the acquired assets is approximately 8.5 MEUR for the
financial year ending September 2012. The corresponding combined EBITDA from the
assets is approximately 2.8 MEUR or 33% of revenues during the same period. The
acquired companies will be reported as part of Alma Media's Digital Consumer
Services segment.

The acquisition is in line with Alma Media's strategy to seek growth from
digital services and further internationalise its operations.

"Acquiring these portals in Slovakia and its neighbouring countries makes Alma
Media the clear market leader in online recruitment services in the region. This
is an excellent continuation to our acquisitions of LMC in the Czech Republic
and CV Online in the Baltic countries earlier this year. The skilled people of
Profesia and the other acquired companies bring even more know-how and strength
to our recruitment offering" says Raimo Mäkilä, Senior Vice President of Alma
Media's Marketplaces business unit.

Alma Media Corporation
Rauno Heinonen
Vice President, Corporate Communications and Investor Relations

For further information, please contact:
Raimo Mäkilä, Senior Vice President, Marketplaces, tel. +358 10 665 5802

Distribution: NASDAQ OMX Helsinki Stock exchange, principal media

Alma Media in brief
Alma Media is a dynamic media company whose best-known products are Aamulehti,
Iltalehti, Kauppalehti and Etuovi.com. Alma Media employs approximately 3,000
professionals. The company's revenue in 2011 totalled MEUR 316.2 with an
operating margin of 13.3 per cent. Alma Media's share (ALN1V) is listed in the
NASDAQ OMX Helsinki Exchange. Read more at www.almamedia.com.

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