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Oriola-KD Corporation to sell its Russian businesses


Oriola-KD Corporation Stock Exchange Release 8 December 2014 at 3.55 p.m.

Oriola-KD Corporation to sell its Russian businesses

Oriola-KD Corporation ("Oriola-KD" or the "Company") has entered into an
agreement to sell its Russian businesses to the Russian pharmacy chain CJSC
"Apteki 36.6". Oriola-KD has previously stated in its stock exchange releases
published on 10(th) October, 18(th) November and 8 December 2014 that the
Company has investigated strategic alternatives for the Company's Russian
businesses and has conducted negotiations concerning the sale of its Russian

Net sales of Oriola-KD's Russian businesses in 2013 were EUR 978.8 million and
operating profit was EUR -8.3 million. For the first nine months in 2014 the net
sales were EUR 557.9 million and operating profit was EUR -102.5 million. The
Russian businesses had 2,405 employees at end of September 2014.

The cash and debt free selling price is RUB 3,700 million, equivalent to
approximately EUR 56 million. The price has been paid in cash. Oriola-KD
classifies Russian businesses in accordance with IFRS 5 as a discontinued
operation, and recognizes estimated loss of EUR 26 million.

 "The Russian businesses have fallen behind set goals for several years. The
decision to sale the Russian businesses was based on our estimates on the
outlook of the Russian pharmaceutical markets, on the competitive environment
and the further development of profitability of the Russian businesses. Going
forward, we will focus on developing our profitable businesses in Finland,
Sweden and Baltic countries. In accordance with our strategy, we want to be the
leading pharmaceutical retail and wholesale operator for pharmaceutical
companies and consumers in Northern Europe," comments President and CEO Eero

In relation to the sale of the Company's Russian businesses Oriola-KD has agreed
on amended terms of its financing agreement with the lenders.

Oriola-KD Corporation

Eero Hautaniemi
President & CEO

For further information, please contact:

Tuomas Itkonen
Mobile +358 40 596 4004

Eero Hautaniemi
President & CEO
Mobile +358 50 429 2109

NASDAQ OMX Helsinki Ltd.
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Released by:
Oriola-KD Corporation
Corporate Communications
Orionintie 5
FI-02200 Espoo, Finland