Alma Media acquires ownership of North Macedonia's leading online recruitment service

Alma Media Corporation                            Press Release                          7 June 2023

ALMA MEDIA ACQUIRES OWNERSHIP OF NORTH MACEDONIA'S LEADING ONLINE RECRUITMENT SERVICE

Alma Career Ltd has agreed to acquire a 70 per cent stake in Vrabotuvanje Online, North Macedonia's leading online recruitment service. Tau Online, part of the Alma Media Group, already owned 30% of the company, so Vrabotuvanje Online will become fully owned by the Alma Media Group. The transaction is subject to the approval of the Commission for the Protection of Competition in North Macedonia and the transaction will only be completed after that approval.

The job portal Vrabotuvanje.com.mk was established in 2003 and belongs to Vrabotuvanje Group. The portal has hundreds of thousands of weekly visitors and its employees are placed in Skopje. Vrabotuvanje Online's net sales were EUR 0.5 million in 2022. The two sides have agreed that the purchase price will not be published.

The collaboration between Tau Online, its Croatian recruitment service MojPosao and Vrabotuvanje Group will enable Vrabotuvanje.com.mk to further strengthen its market position in the North Macedonian labour market.

- Alma Media builds sustainable business growth using the possibilities of digitalisation: by seeking, among other things, growth in digital services and internationalisation, especially in the recruitment business. Alma Media has online recruitment services in ten European countries and most of the services are market leaders in their respective regions. In addition, we own a minority stake in the recruitment service in Serbia. We believe that North Macedonia's national economy will grow and competition for the workforce will continue to intensify in the coming years, says Vesa-Pekka Kirsi, Senior Vice President, Alma Career.

For further information, please contact:

Vesa-Pekka Kirsi, Senior Vice President, Alma Career, tel. +358 (0)10 665 2587