HKSCAN GROUP'S INTERIM REPORT 1 JANUARY - 30 JUNE 2010                          


HKSCAN ADVANCES INTERNATIONALLY, HALF-YEAR EARNINGS BURDENED BY CHALLENGES IN   
MARKET AREA OF FINLAND                                                          


* The profitability of the HKScan Group continued to develop in Sweden and the  
Baltics and especially in Poland.                                               

* In Finland, the industrial action in April/May had a considerable impact on   
earnings in the early part of the year.                                         

* Group EBIT for the entire first half of the year fell short of 2009 and stood 
at EUR 13.6 million (EUR 22.5m).                                                

* Group net sales were EUR 985.9 million (EUR 1 033.6m). The lower net sales are
attributable to lower sales volume caused in turn mainly by the labour market   
disputes in Finland and the cattle shortage in Sweden.                          
                                                                                
* The company reaffirms its earnings guidance given in the Q1 interim report.   
Full-year EBIT exclusive of non-recurring items is estimated to fall somewhat   
short of the level seen in 2009.                                                


HKSCAN GROUP                                                                    
(EUR million)                                                                   
--------------------------------------------------------------------------------
|                    |  Q2/2010 |  Q2/2009 |  Q1-Q2/10 |  Q1-Q2/09 |      2009 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Net sales          |    502.3 |    541.6 |     985.9 |   1 033.6 |   2 124.7 |
--------------------------------------------------------------------------------
| EBIT               |      8.1 |     14.3 |      13.6 |      22.5 |      55.1 |
--------------------------------------------------------------------------------
| - EBIT margin, %   |      1.6 |      2.6 |       1.4 |       2.2 |       2.6 |
--------------------------------------------------------------------------------
| Profit/loss before |      5.0 |      9.4 |       8.9 |      11.1 |      37.3 |
| taxes              |          |          |           |           |           |
--------------------------------------------------------------------------------
| Earnings per       |     0.07 |     0.16 |      0.13 |      0.15 |      0.64 |
| share, EUR         |          |          |           |           |           |
--------------------------------------------------------------------------------

Per-share data has been adjusted for the share offering in 2009.                


Q2, APRIL-JUNE 2010                                                             

- The Group's net sales in the second quarter of the year were EUR 502.3 million
(EUR 541.6m), i.e. 7.3 percent lower than in the comparison period.             
- EBIT came in at EUR 8.1 million (EUR 14.3m).                                  
- Earnings in Finland were eroded and EBIT depressed into the red by the        
industrial action taking place in April/May. EBIT came to EUR -0.1 million (EUR 
6.7m).                                                                          
- In Sweden and the Baltics, EBIT was in line with a year earlier.              
- In Poland, EBIT increased significantly.                                      


CEO MATTI PERKONOJA:                                                            

“The second quarter of the year was in line with expectations for HKScan.       

In Finland, the unanticipated industrial action in spring had a crucial impact  
on the negative earnings delivered for the quarter. The poor performance in the 
first half of the year calls for rapid and intensive development measures       
throughout the business chain.                                                  

The industrial restructuring and streamlining programme underway in Sweden has  
progressed on schedule and its impact on earnings will become apparent in Q3.   

In the Baltics, Rakvere Lihakombinaat and Tallegg delivered good earnings       
development in a challenging business environment. With the business environment
growing more stable over the course of the early part of the year lends support 
to our view of the positive trend in the Baltic companies' earnings development.

In Poland, the profitability of Sokolów's business improved considerably, with  
the most powerful development seen in modern retail. A strong ownership base    
together with Sokolów's market standing provides an excellent framework for the 
company's future development.                                                   

The key objective for the HKScan Group is to grow its profitability. The Group  
has several major development projects underway designed to maintain            
competitiveness and also safeguard consumer and customer satisfaction.”         


MARKET AREA: FINLAND                                                            
(EUR million)                                                                   
--------------------------------------------------------------------------------
|                       | Q2/2010 |  Q2/2009 | Q1-Q2/10 | Q1-Q2/09 |      2009 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Net sales             |   173.5 |    190.2 |    341.3 |    365.5 |     732.5 |
--------------------------------------------------------------------------------
| EBIT                  |    -0.1 |      6.7 |     -0.7 |     12.9 |      27.0 |
--------------------------------------------------------------------------------
| - EBIT margin, %      |    -0.1 |      3.5 |     -0.2 |      3.5 |       3.7 |
--------------------------------------------------------------------------------

The industrial action in the food industry taking place in April/May had a clear
depressive effect on sales and earnings in the business segment of Finland in   
Q2. The negative earnings impact of the industrial action is estimated at       
roughly EUR 0.5 million per day. The effects of the industrial action will      
extend to third-quarter sales and earnings as well. The challenge in this       
respect lies in clearing the backlog of slaughter animals remaining from spring 
and in restoring market positions.                                              

The industrial action along with price competition in meat in particular served 
to hold second-quarter EBIT in the red in Finland, where EBIT came in at EUR    
-0.1 million (EUR 6.7m).                                                        

The amended EU marketing standard for poultry meat that took effect in early May
will in the long run strengthen the market standing of locally produced fresh   
poultry meat.                                                                   

The earnings development seen in the early part of the year has brought forward 
the implementation of the Group's business chain development projects in        
Finland. The preliminary plans announced in April to bolster business           
profitability extend across the entire chain of operations and are envisaged to 
deliver annual earnings improvements of EUR 12 million. The appropriate         
negotiations will be started with the employees of the business segment of      
Finland once the plans have been worked out.                                    

In the area of primary production, HK Ruokatalo will centralize its meat        
procurement and primary production as well as feed trade into a single company  
at the beginning of 2011. This will be accomplished by merging the primary      
production duties of feed company Lounaisfarmi and the chicken production chain 
of HK Ruokatalo into LSO Foods. The aim is to clarify and streamlines primary   
production service processes, to simplify operations and to achieve synergies   
through the consolidation of support functions.                                 

On 24 June 2010, HKScan Finland Oy and Järvi-Suomen Portti Oy agreed on plans to
establish a new company, with Järvi-Suomen Portti as a minority shareholder, to 
carry on the production of processed meats at Portti's current plant in Mikkeli.
The plant will be made available for ongoing operations through a long-term     
lease. The planned transaction includes the production machinery at the Tikkala 
plant as well as Järvi-Suomen Portti's brands. The new company will continue to 
sell and market Portti products. The arrangement is subject to the approval of  
the Finnish Competition Authority.                                              

The four-year collective agreement concluded in May and the duty to maintain    
industrial peace imposed thereby provide a foundation for the stable development
of operations.                                                                  

Second-quarter earnings include a non-recurring expense of EUR 0.9 million      
recognized in Group administration costs and arising from soil decontamination  
at the Turku plant sold in late 2006. The expense is not included in EBIT for   
the business segment of Finland.                                                


MARKET AREA: SWEDEN                                                             
(EUR million)                                                                   
--------------------------------------------------------------------------------
|                       | Q2/2010 |  Q2/2009 | Q1-Q2/10 | Q1-Q2/09 |      2009 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Net sales             |   241.9 |    264.5 |    472.3 |    502.9 |   1 037.4 |
--------------------------------------------------------------------------------
| EBIT                  |     3.1 |      3.0 |      5.7 |      5.1 |      16.7 |
--------------------------------------------------------------------------------
| - EBIT margin, %      |     1.3 |      1.1 |      1.2 |      1.0 |       1.6 |
--------------------------------------------------------------------------------

In the market area of Sweden, net sales declined when measured in both euro and 
krona due to e.g. delivery issues resulting from the cattle shortage and the    
ramp-up of the logistics centre. EBIT for the quarter came in at EUR 3.1 million
(EUR 3.0m).                                                                     

The short supply of Swedish beef cattle hampered earnings development in the    
market area. The degree of self-sufficiency for beef in Sweden declined to 50%  
in the review period, raising the purchase prices of Swedish beef to an extent  
that could not be passed on to sales prices at the same rate.                   

The industrial restructuring launched in September 2009 at Scan is proceeding on
schedule and according to plans. The first quarter of the year saw beef         
slaughter centralized to Linköping and pork cutting to Kristianstad as well as  
hamburger patty production transferred from Linköping to Skara. In the second   
quarter, the consumer-packed meat facility has been transferred from Uppsala to 
Linköping, where the new logistics centre is also at the ramp-up stage. Owing to
difficulties in the ramp-up, delivery reliability in Sweden declined in June and
problems were experienced in July as well. Every effort will be made to restore 
normal delivery reliability during the third quarter.                           

The restructuring has given rise and will in Q3 continue to give rise to        
additional expenditure relating to logistics and production transfers.          

In early June, Scan AB signed an agreement to sell its production facility in   
Visby on the island of Gotland to a new company, Gotlands Slagteri AB, which is 
to start up in September 2010. The company is owned by Svenskt Butikskött and   
Scan AB with holdings of 75 and 25 percent, respectively. At the same time, Scan
will take a 25-percent stake in Svenskt Butikskött. The intention is for the new
company to carry on the business at its earlier level and thus contribute to the
development of meat production in Gotland.                                      


MARKET AREA: THE BALTICS                                                        
(EUR million)                                                                   
--------------------------------------------------------------------------------
|                      |  Q2/2010 |  Q2/2009 | Q1-Q2/10 | Q1-Q2/09 |      2009 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Net sales            |     40.2 |     40.9 |     76.0 |     78.2 |     156.9 |
--------------------------------------------------------------------------------
| EBIT                 |      3.3 |      3.5 |      4.3 |      4.5 |       9.8 |
--------------------------------------------------------------------------------
| - EBIT margin, %     |      8.1 |      8.6 |      5.7 |      5.8 |       6.3 |
--------------------------------------------------------------------------------

The business environment in the Baltics continued to present a challenge due to 
recession, intensifying competition and erosion in consumer purchasing power.   
The net sales of HKScan's Baltic Group in the second quarter were in line with  
the previous year. Second-quarter earnings were EUR 3.3 million (EUR 3.5        
million).                                                                       

Rakvere Lihakombinaat and Tallegg maintained their competitiveness through      
adaptation of the product portfolio and tight cost control. HKScan's Baltic     
Group as a whole performed well and delivered the highest EBIT margin among the 
Group's market areas, 8.1% (8.6%).                                              

The Rakvere Group's Latvia-based subsidiary AS Rigas Miesnieks signed in March  
an agreement on acquiring a holding in excess of 90 percent in the Latvian AS   
Jelgavas Galas Kombinats, a company specializing in smoked meat products. The   
acquisition strengthens the position of the HKScan Group as industry leader in  
Latvia. The deal was approved by the Latvian competition authorities in late    
June.                                                                           

In order to streamline operations in Latvia, the sales and logistics functions  
of Rigas Miesnieks and Jelgavas Galas Kombinats will be consolidated as of      
September. Most of the production-related activities in Riga will be transferred
to Jelgava's new and efficient plant in the coming year. The company's          
dispatching department and administration will remain in Riga.                  


MARKET AREA: POLAND                                                             
(EUR million)                                                                   
--------------------------------------------------------------------------------
| *)                   |  Q2/2010 |  Q2/2009 | Q1-Q2/10 | Q1-Q2/09 |      2009 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Net sales            |     66.0 |     60.9 |    129.9 |    117.3 |     251.7 |
--------------------------------------------------------------------------------
| EBIT                 |      4.0 |      2.5 |      8.3 |      4.1 |       9.3 |
--------------------------------------------------------------------------------
| - EBIT margin, %     |      6.1 |      4.1 |      6.4 |      3.5 |       3.7 |
--------------------------------------------------------------------------------
*) The figures refer to HKScan's share (50%) of the Sokolów Group's figures.    

In Poland, Sokolów's Q2 net sales grew by 8.3 percent from the corresponding    
period in 2009 when measured in euro but fell by 2.4 percent when measured in   
zloty. The reason for this was the sales prices of meat depressed by intense    
competition. Spring floods in Poland moreover eroded sales in the review period.

Robust progress in modern retail chains, accomplished cost control, good        
subsidiary performance and momentum in exports brought Sokolów's second-quarter 
EBIT to EUR 4.0 million (EUR 2.5m in 2009).                                     

Sokolów's profitability has climbed to a new high in the first half of the year 
and the company exceeds the Group's long-term EBIT target.                      


CHANGES IN GROUP STRUCTURE                                                      

HKScan Corporation transitioned to a holding company structure in its Finnish   
business. The reorganization, which streamlines financial reporting and internal
supervision, was accomplished as a business transfer on 1 January 2010 by       
transferring HKScan Corporation's production-related property, plant and        
equipment in Finland as well as its holdings in Finnish subsidiaries and        
associates to HKScan Finland Oy, a holding company wholly owned by HKScan       
Corporation.                                                                    

The reorganization was technical and legal in nature and it has no effect on    
operational activities. HK Ruokatalo Oy and LSO Foods Oy, the companies         
responsible for the Group's Finnish business, carry on their activities as      
before. The arrangement had no effect on jobs or the standing of the parent     
company or its shareholders. Managing director Jari Leija of HK Ruokatalo Oy    
also serves as managing director of HKScan Finland Oy.                          

In a bid to secure demand for Finnish meat raw material, HK Ruokatalo Oy entered
into cooperation in the early part of the year with Kivikylän Kotipalvaamo Oy, a
family business based in western Finland. The cooperation is accomplished in the
form of a minority holding in the company, with the current operators continuing
to carry on the company's business proper. The company will be consolidated as a
subsidiary based on control.                                                    

The Rakvere Group's Latvia-based subsidiary AS Rigas Miesnieks signed in March  
an agreement on acquiring a holding in excess of 90 percent in the Latvian AS   
Jelgavas Galas Kombinats, a company specializing in smoked meat products. The   
deal was approved by the Latvian competition authorities in late June.          


CHANGES IN ORGANIZATION                                                         

In January 2010, the Board of Directors and HKScan Corporation CEO Matti        
Perkonoja agreed that he would stay on as CEO for longer than initially         
announced. The appointment is effective until the end of February 2012, at which
time Mr Perkonoja is to retire. He had earlier planned to retire after 2010.    

Effective 1 January 2010, Olli Antniemi, MSc (Econ & Bus Admin), was appointed  
senior vice president in charge of strategy and development. He also joined the 
Management Team. Mr Antniemi is responsible for strategic business planning with
an emphasis on Group synergies and management of the Group's strategy process.  
He previously served as executive vice president of the HKScan Group's Baltic   
Group, managing director of Scan AB and most recently as development director at
HK Ruokatalo Oy.                                                                

HKScan Corporation's Management Team as of 1 January 2010 consists of CEO Matti 
Perkonoja as Chairman along with CFO Irma Kiilunen, senior vice president for   
strategy and development Olli Antniemi, HKScan Finland Oy managing director Jari
Leija and Scan AB managing director Denis Mattsson. Management Team meetings are
also attended by managing directors Anne Mere of AS Rakvere Lihakombinaat and   
Teet Soorm of AS Tallegg. VP and Management Team member Tero Hemmilä left HKScan
at the beginning of 2010. CFO Irma Kiilunen serves as deputy to the CEO of      
HKScan Corporation.                                                             


CAPITAL EXPENDITURE AND FINANCE                                                 

The Group's gross investments in Q2 totalled EUR 18.0 million (Q2/2009: EUR     
11.8m). Gross investments for the entire first half of 2010 totalled EUR 36.9   
million (Q1-Q2/2009: EUR 24.5m) and were divided among production-related       
investment in the market areas as follows: Finland EUR 13.3 million (EUR 7.1m), 
Sweden EUR 14.1 million (EUR 9.9m) and the Baltics EUR 6.0 million (EUR 2.1m).  
In Poland, HKScan's share of Sokolów investments was EUR 3.5 million (EUR 5.4m).

The Group's interest-bearing debt at the end of June stood at EUR 465.6 million 
(EUR 495.6m). Gross interest-bearing debt at the turn of the year was EUR 417.4 
million. The decline in debt from the corresponding period a year earlier       
(02/2009) is attributable to the EUR 78.0 million share offering executed in    
December 2009. The company allocated EUR 20 million of the proceeds of the      
offering to repaying its hybrid bond. The remaining proceeds of the offering    
were used to pay other interest-bearing debts.                                  

The considerable strengthening of the Swedish krona since the turn of the year, 
a higher need for working capital, and dividend payments increased the company's
gross interest-bearing debt in the early part of the year.                      

Net financial expenses have clearly fallen from a year ago owing to lower       
interest rates, a reduced loan portfolio and a decline in the costs of hedging  
equity denominated in EEK. Untapped credit facilities at 30 June 2010 stood at  
EUR 212.0 million (EUR 155.1m). In addition, the Group had other untapped       
overdraft and other facilities of EUR 22.6 million (EUR 39.3m). The EUR 100     
million commercial paper programme had been drawn in the amount of EUR 23.0     
million (EUR 3.0m).                                                             

At the end of June, the equity ratio stood at 35.2 percent (29.8%). A material  
contributor to the stronger equity ratio was the share offering executed in     
December 2009. The equity ratio at the turn of the year was 37.1 percent.       


INSIDER INVESTIGATION RELATING TO SHARE PURCHASES BY LSO OSUUSKUNTA             

HKScan Corporation was informed on 29 April 2010 that the pre-trial             
investigation into the share trading of LSO Osuuskunta in August 2006 and the   
related consideration of charges had been completed. In respect of HKScan CEO   
Matti Perkonoja and one company official, the Helsinki district prosecutor had  
resolved not to bring charges.                                                  

The Helsinki district prosecutor had also decided that six persons who were part
of LSO Osuuskunta's management at the time, in 2006, would be prosecuted for    
aggravated abuse of insider information. Three of these persons are currently   
members of the Board of Directors of HKScan Corporation. The charge is based on 
the respective persons' positions at the time as representatives of LSO         
Osuuskunta and does not relate to their actions as executives of HKScan         
Corporation.                                                                    

HKScan will monitor the progress of the proceedings and revisit the issue at the
latest when the outcome of the case has been determined.                        


TREASURY SHARES                                                                 

At 30 June 2010, HKScan held a total of 51 982 of its A Shares. These had a     
market value of EUR 0.39 million (EUR 7.55 each) and accounted for 0.10% of all 
shares and 0.03% of all votes. No dividend is paid on treasury shares.          


RESOLUTIONS PASSED BY THE ANNUAL GENERAL MEETING                                

The Annual General Meeting held on 23 April 2010 adopted the parent company's   
and consolidated financial statements and discharged the members of the Board of
Directors and the CEO from liability for 2009. It was decided to pay a dividend 
of EUR 0.22 per share, i.e. a total of EUR 11.9 million, as recommended by the  
Board of Directors.                                                             

The number of members of the Board of Directors was confirmed as six. Markku    
Aalto, Tiina Varho-Lankinen, Matti Murto and Matti Karppinen were re-elected,   
with Pasi Laine and Otto Ramel elected to the Board as new members. The Board   
re-elected Markku Aalto as chairman and Tiina Varho-Lankinen as vice chairman.  

Authorized public accountants PricewaterhouseCoopers Oy, with APA Johan Kronberg
as principal auditor, and Petri Palmroth APA were appointed as HKScan's auditors
for the 2010 financial year. Mika Kaarisalo APA and Pasi Pietarinen APA were    
re-appointed as the company's deputy auditors.                                  

The authorizations granted by the Annual General Meeting to the Board are       
presented below under "Board of Directors' existing authorizations".            


BOARD OF DIRECTORS' EXISTING AUTHORIZATIONS                                     

(1) The AGM of 23 April 2010 authorized the Board to resolve on acquiring a     
maximum of 3 500 000 Series A shares as treasury shares, equal to roughly 6.5%  
of total registered shares and 7.2% of total A Shares.                          

Treasury shares may only be acquired using unrestricted shareholders' equity.   
The company's own shares may be purchased for a price quoted in public trading  
on the purchase day or for a price otherwise determined by the market.          

The Board of Directors shall resolve upon the method of purchase. Among other   
means, derivatives may be utilized in purchasing the shares. The shares may be  
purchased in a proportion other than that of the shares held by the shareholders
(directed purchase). This authorization is valid until 30 June 2011 and cancels 
the authorization granted to the Board by the AGM of 23 April 2009 to resolve on
acquiring the company's own shares.                                             

(2) The AGM also authorized the Board of Directors to resolve on an issue of    
shares, option rights as well as other special rights entitling to shares as    
referred to in Chapter 10:1 of the Limited Liability Companies Act. The Board   
was authorized to resolve on the issue of a maximum of 5 500 000 A Shares,      
corresponding to ca. 10.2% of all registered shares in the company and ca. 11.3%
of all A Shares.                                                                

The Board may resolve upon all the terms and conditions of the issue of shares  
and other special rights entitling to shares. The authorization to issue shares 
shall cover the issuing of new shares as well as the transfer of the company's  
own shares. The issue of shares and other special rights entitling to shares may
be implemented as a directed issue. This authorization is valid until 30 June   
2011 and cancels the authorization granted to the Board by the AGM of 23 April  
2009 on resolving on an issue of shares, option rights as well as other special 
rights entitling to shares.                                                     

The authorizations concerning purchases of own shares and share issue were      
granted to provide the company's Board with flexibility in deciding on capital  
market transactions necessary to the company, e.g. to secure its financing needs
or to execute mergers and acquisitions. A directed acquisition of own shares or 
directed share issue can only be executed for reasons of weighty financial      
consequence to the company and the authorization cannot be exercised in         
violation of the principle of shareholder equality.                             


EMPLOYEES                                                                       

In the first six months of the year, the Group had an average workforce of 7 136
employees (7 265 in Q1-Q2/2009). Analysis of employees by market area:          

--------------------------------------------------------------------------------
|                              |           Q1-Q2/2010 |             Q1-Q2/2009 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Finland                      |                2 496 |                  2 391 |
--------------------------------------------------------------------------------
| Sweden                       |                2 829 |                  3 067 |
--------------------------------------------------------------------------------
| Baltics                      |                1 811 |                  1 807 |
--------------------------------------------------------------------------------
In addition, Sokolów had an average of 5 615 (5 656) employees.                 


Analysis of employees by country:                                               
--------------------------------------------------------------------------------
|                               |            30.6.2010 |             30.6.2009 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Sweden                        |                33.2% |                 39.7% |
--------------------------------------------------------------------------------
| Finland                       |                38.5% |                 34.3% |
--------------------------------------------------------------------------------
| Estonia                       |                21.7% |                 19.4% |
--------------------------------------------------------------------------------
| Poland (Scan)                 |                 2.9% |                  2.7% |
--------------------------------------------------------------------------------
| Latvia                        |                 2.3% |                  2.6% |
--------------------------------------------------------------------------------
| Other countries               |                 1.4% |                  1.3% |
--------------------------------------------------------------------------------



RISKS AND UNCERTAINTY FACTORS IN THE NEAR FUTURE                                

The most significant uncertainty factors in the HKScan Group's business involve 
developments in the price of raw materials, in future possibly also the         
availability of these. Market area-specific uncertainty factors have to do      
especially with the success of the business development programmes in Finland   
and Sweden.                                                                     

The international economic situation is stabilizing. Ongoing major fluctuations 
in the Group's central currencies may affect the Group's net sales, earnings and
balance sheet. Changes in demand owing to e.g. rising unemployment and          
attributable to the financial climate may occur in the Group's market areas or  
its export markets. These may erode Group net sales and earnings.               

Any unforeseeable authorities procedures may hamper the company's business in   
its export markets.                                                             

The possibility of animal diseases can never be fully excluded in the food      
industry.                                                                       

The industrial action in the food industry taking place in April/May in Finland 
will affect the development of net sales and earnings in Q3 as well.            

The Group is currently involved in certain legal proceedings and civil          
litigation. The cases remain pending but are estimated to have no significant   
impact on the Group's financial standing.                                       


THE FUTURE                                                                      

Consumer demand for food is still expected to remain steady in the Group's home 
markets and export markets are anticipated to pick up somewhat towards the end  
of the year. Business streamlining programmes, in particular the progress of the
restructuring programme in Sweden and the launch of the streamlining programme  
planned in Finland, provide the foundation for the stronger development of the  
Group's competitiveness and profitability. Improved profitability furthermore   
requires the business in Finland to be restored from the effects of the labour  
market disturbances.                                                            

This anticipation of the future gains further support from the good performance 
of segments of the Baltics and Poland, which in part serves to even out the     
earnings development of the entire Group.                                       

With performance in the first half of the year falling markedly short of the    
same a year ago, the Group's full-year EBIT exclusive of non-recurring items is 
estimated to be at a level somewhat lower than in 2009.                         



CONSOLIDATED FINANCIAL STATEMENTS 1 JANUARY - 30 JUNE 2010                      


CONSOLIDATED INCOME STATEMENT                                                   
(EUR million)                                                                   
--------------------------------------------------------------------------------
|                        | Q2/2010 |  Q2/2009 | Q1-Q2/10 | Q1-Q2/09 |     2009 |
--------------------------------------------------------------------------------
|                        |         |          |          |          |          |
--------------------------------------------------------------------------------
| NET SALES              |   502.3 |    541.6 |    985.9 |  1 033.6 |  2 124.7 |
--------------------------------------------------------------------------------
| Operating income and   |  -479.9 |   -513.7 |   -944.0 |   -984.0 | -2 013.3 |
| expenses               |         |          |          |          |          |
--------------------------------------------------------------------------------
| Share of associates'   |     0.3 |      0.1 |      0.8 |      0.2 |      0.9 |
| result                 |         |          |          |          |          |
--------------------------------------------------------------------------------
| Depreciation and       |   -14.5 |    -13.6 |    -29.1 |    -27.2 |    -57.2 |
| impairment             |         |          |          |          |          |
--------------------------------------------------------------------------------
| EBIT                   |     8.1 |     14.3 |     13.6 |     22.5 |     55.1 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Financial income       |     1.3 |      1.3 |      3.5 |      3.1 |      5.2 |
--------------------------------------------------------------------------------
| Financial expenses     |    -4.9 |     -6.8 |     -9.7 |    -15.4 |    -24.9 |
--------------------------------------------------------------------------------
| Share of profit of     |     0.5 |      0.6 |      1.5 |      0.9 |      2.0 |
| associates             |         |          |          |          |          |
--------------------------------------------------------------------------------
| PROFIT/LOSS BEFORE     |     5.0 |      9.4 |      8.9 |     11.1 |     37.3 |
| TAXES                  |         |          |          |          |          |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Income taxes           |    -0.8 |     -0.9 |     -0.6 |     -2.2 |     -4.9 |
--------------------------------------------------------------------------------
| PROFIT/LOSS FOR THE    |     4.3 |      8.5 |      8.3 |      8.9 |     32.5 |
| PERIOD                 |         |          |          |          |          |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| PROFIT/LOSS FOR THE    |         |          |          |          |          |
| PERIOD ATTRIBUTABLE    |         |          |          |          |          |
| TO:                    |         |          |          |          |          |
--------------------------------------------------------------------------------
| Equity holders of the  |     3.6 |      7.5 |      7.0 |      7.6 |     29.9 |
| parent                 |         |          |          |          |          |
--------------------------------------------------------------------------------
| Minority interests     |     0.7 |      1.0 |      1.2 |      1.3 |      2.6 |
--------------------------------------------------------------------------------
| Total                  |     4.3 |      8.5 |      8.3 |      8.9 |     32.5 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------

Earnings per share calculated on profit attributable to equity holders of the   
parent:                                                                         

--------------------------------------------------------------------------------
| EPS, undiluted (EUR),  |    0.07 |     0.16 |     0.13 |     0.15 |     0.64 |
| continuing operations  |         |          |          |          |          |
--------------------------------------------------------------------------------
| EPS, diluted (EUR),    |    0.07 |     0.16 |     0.13 |     0.15 |     0.64 |
| continuing operations  |         |          |          |          |          |
--------------------------------------------------------------------------------

Per-share data has been adjusted for the share offering in 2009.                



CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME 1 JANUARY - 30 JUNE 2010         
(EUR million)                                                                   
--------------------------------------------------------------------------------
|                        | Q2/2010 |  Q2/2009 | Q1-Q2/10 | Q1-Q2/09 |     2009 |
--------------------------------------------------------------------------------
| PROFIT/LOSS FOR THE    |     4.3 |      8.5 |      8.3 |      8.9 |     32.5 |
| PERIOD                 |         |          |          |          |          |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| OTHER COMPREHENSIVE    |         |          |          |          |          |
| INCOME                 |         |          |          |          |          |
| (after taxes):         |         |          |          |          |          |
--------------------------------------------------------------------------------
| Exchange differences   |    -0.2 |      2.8 |      7.0 |     -3.6 |      1.8 |
| on translating foreign |         |          |          |          |          |
| operations             |         |          |          |          |          |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Available-for-sale     |    -0.4 |      0.1 |      0.0 |     -0.1 |      0.4 |
| investments            |         |          |          |          |          |
--------------------------------------------------------------------------------
| Cash flow hedging      |    -1.1 |      1.0 |     -3.9 |      0.4 |     -7.1 |
--------------------------------------------------------------------------------
| TOTAL OTHER            |    -1.7 |      3.9 |      3.1 |     -3.3 |     -4.8 |
| COMPREHENSIVE INCOME   |         |          |          |          |          |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| TOTAL COMPREHENSIVE    |     2.6 |     12.4 |     11.4 |      5.6 |     27.6 |
| INCOME FOR THE PERIOD  |         |          |          |          |          |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| TOTAL COMPREHENSIVE    |         |          |          |          |          |
| INCOME FOR THE PERIOD  |         |          |          |          |          |
| ATTRIBUTABLE TO:       |         |          |          |          |          |
--------------------------------------------------------------------------------
| Equity holders of the  |     1.9 |     11.2 |      9.9 |      4.3 |     24.8 |
| parent                 |         |          |          |          |          |
--------------------------------------------------------------------------------
| Minority interests     |     0.7 |      1.2 |      1.5 |      1.3 |      2.8 |
--------------------------------------------------------------------------------
| Total                  |     2.6 |     12.4 |     11.4 |      5.6 |     27.6 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------

In calculating EPS, the interest on the hybrid bond accrued in the period       
adjusted for taxes has been deducted from the earnings for the period. The bond 
has not affected the diluted number of shares.                                  

Per-share data has been adjusted for the share offering in 2009.                


CONSOLIDATED BALANCE SHEET                                                      
(EUR million)                                                                   
--------------------------------------------------------------------------------
|                        |   Note |    30.6.2010 |    30.6.2009 |   31.12.2009 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| ASSETS                 |        |              |              |              |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| NON-CURRENT ASSETS     |        |              |              |              |
--------------------------------------------------------------------------------
| Intangible assets      |     1. |         69.2 |         60.7 |         65.7 |
--------------------------------------------------------------------------------
| Goodwill               |     2. |         90.9 |         83.7 |         88.2 |
--------------------------------------------------------------------------------
| Property, plant and    |     3. |        482.3 |        467.5 |        469.1 |
| equipment              |        |              |              |              |
--------------------------------------------------------------------------------
| Holdings in associates |        |         22.7 |         19.0 |         20.9 |
--------------------------------------------------------------------------------
| Trade and other        |        |         20.6 |         19.8 |         18.2 |
| receivables            |        |              |              |              |
--------------------------------------------------------------------------------
| Available-for-sale     |        |         11.3 |         10.0 |         10.5 |
| investments            |        |              |              |              |
--------------------------------------------------------------------------------
| Deferred tax asset     |        |         13.2 |          9.7 |         12.3 |
--------------------------------------------------------------------------------
| NON-CURRENT ASSETS     |        |        710.2 |        670.4 |        685.0 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| CURRENT ASSETS         |        |              |              |              |
--------------------------------------------------------------------------------
| Inventories            |     4. |        134.0 |        133.1 |        118.7 |
--------------------------------------------------------------------------------
| Trade and other        |        |        207.4 |        202.4 |        194.3 |
| receivables            |        |              |              |              |
--------------------------------------------------------------------------------
| Income tax receivable  |        |          2.2 |          1.4 |          0.2 |
--------------------------------------------------------------------------------
| Other financial assets |        |          2.2 |          2.2 |          2.0 |
--------------------------------------------------------------------------------
| Cash and cash          |        |         68.6 |         57.8 |         73.9 |
| equivalents            |        |              |              |              |
--------------------------------------------------------------------------------
| CURRENT ASSETS         |        |        414.4 |        396.9 |        389.0 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| ASSETS                 |        |      1 124.6 |      1 067.2 |      1 074.0 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| EQUITY AND LIABILITIES |        |              |              |              |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| SHAREHOLDERS' EQUITY   |        |              |              |              |
--------------------------------------------------------------------------------
| Share capital          |     5. |         66.8 |         66.8 |         66.8 |
--------------------------------------------------------------------------------
| Share premium reserve  |        |         74.1 |         73.8 |         74.2 |
--------------------------------------------------------------------------------
| Treasury shares        |        |         -0.0 |         -0.0 |         -0.0 |
--------------------------------------------------------------------------------
| Fair value reserve and |        |        144.4 |         99.5 |        149.7 |
| other reserves         |        |              |              |              |
--------------------------------------------------------------------------------
| Translation            |        |         -6.1 |        -18.3 |        -13.1 |
| differences            |        |              |              |              |
--------------------------------------------------------------------------------
| Retained earnings      |        |        107.5 |         90.5 |        111.6 |
--------------------------------------------------------------------------------
| Equity attributable to |        |        386.6 |        312.3 |        389.3 |
| equity holders of the  |        |              |              |              |
| parent                 |        |              |              |              |
--------------------------------------------------------------------------------
| Minority interest      |        |          9.4 |          5.3 |          9.4 |
--------------------------------------------------------------------------------
| SHAREHOLDERS' EQUITY   |        |        396.1 |        317.6 |        398.7 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| NON-CURRENT            |        |              |              |              |
| LIABILITIES            |        |              |              |              |
--------------------------------------------------------------------------------
| Deferred tax liability |        |         32.5 |         33.5 |         32.2 |
--------------------------------------------------------------------------------
| Non-current            |        |        352.1 |        430.4 |        329.9 |
| interest-bearing       |        |              |              |              |
| liabilities            |        |              |              |              |
--------------------------------------------------------------------------------
| Non-current            |        |          5.0 |          4.7 |          5.9 |
| non-interest bearing   |        |              |              |              |
| liabilities            |        |              |              |              |
--------------------------------------------------------------------------------
| Pension obligations    |        |          3.5 |          3.6 |          3.6 |
--------------------------------------------------------------------------------
| Non-current provisions |        |          2.8 |          3.2 |          8.5 |
--------------------------------------------------------------------------------
| NON-CURRENT            |        |        395.9 |        475.3 |        380.1 |
| LIABILITIES            |        |              |              |              |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| CURRENT LIABILITIES    |        |              |              |              |
--------------------------------------------------------------------------------
| Current                |        |        113.5 |         65.2 |         87.5 |
| interest-bearing       |        |              |              |              |
| liabilities            |        |              |              |              |
--------------------------------------------------------------------------------
| Trade and other        |        |        213.3 |        206.1 |        202.0 |
| payables               |        |              |              |              |
--------------------------------------------------------------------------------
| Income tax liability   |        |          2.8 |          0.3 |          2.7 |
--------------------------------------------------------------------------------
| Current provisions     |        |          3.1 |          2.6 |          2.8 |
--------------------------------------------------------------------------------
| CURRENT LIABILITIES    |        |        332.7 |        274.3 |        295.1 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| EQUITY AND LIABILITIES |        |      1 124.6 |      1 067.2 |      1 074.0 |
--------------------------------------------------------------------------------


STATEMENT OF CHANGES IN CONSOLIDATED SHAREHOLDERS' EQUITY                       
(EUR million)                                                                   
--------------------------------------------------------------------------------
|       |  1. | 2. |  3. |  4. | 5. | 6. |  7. |  8. |  9. | 10. |  11. |  12. |
|       |     |    |     |     | *) |    |     |     |     |     |      |      |
--------------------------------------------------------------------------------
| EQUIT | 66. | 74 | -8. | 143 | 0. | 14 | -13 | 0.0 | 111 | 389 |  9.4 | 398. |
| Y AT  |   8 | .2 |   4 |  .5 |  0 | .6 |  .1 |     |  .6 |  .3 |      |    7 |
| 1.1.2 |     |    |     |     |    |    |     |     |     |     |      |      |
| 010   |     |    |     |     |    |    |     |     |     |     |      |      |
--------------------------------------------------------------------------------
| Incom |     | -0 | -3. |     |    | -0 | 7.0 | 0.0 | 7.5 | 9.9 |  1.5 | 11.4 |
| e and |     | .1 |   8 |     |    | .6 |     |     |     |     |      |      |
| expen |     |    |     |     |    |    |     |     |     |     |      |      |
| ses   |     |    |     |     |    |    |     |     |     |     |      |      |
| recog |     |    |     |     |    |    |     |     |     |     |      |      |
| nized |     |    |     |     |    |    |     |     |     |     |      |      |
| durin |     |    |     |     |    |    |     |     |     |     |      |      |
| g the |     |    |     |     |    |    |     |     |     |     |      |      |
| perio |     |    |     |     |    |    |     |     |     |     |      |      |
| d,    |     |    |     |     |    |    |     |     |     |     |      |      |
| total |     |    |     |     |    |    |     |     |     |     |      |      |
--------------------------------------------------------------------------------
| Share |     | 0. |     |     |    |    |     |     |     | 0.0 |      |  0.0 |
| -base |     |  0 |     |     |    |    |     |     |     |     |      |      |
| d     |     |    |     |     |    |    |     |     |     |     |      |      |
| compe |     |    |     |     |    |    |     |     |     |     |      |      |
| nsati |     |    |     |     |    |    |     |     |     |     |      |      |
| on    |     |    |     |     |    |    |     |     |     |     |      |      |
| expen |     |    |     |     |    |    |     |     |     |     |      |      |
| se    |     |    |     |     |    |    |     |     |     |     |      |      |
--------------------------------------------------------------------------------
| Other |     |    |     |     |    | -0 |     |     |     | -0. |  0.0 | -1.0 |
| chang |     |    |     |     |    | .9 |     |     |     |   9 |      |      |
| e     |     |    |     |     |    |    |     |     |     |     |      |      |
--------------------------------------------------------------------------------
| Direc |     |    |     |     |    |    |     |     | 0.4 | 0.4 | -0.2 |  0.2 |
| t     |     |    |     |     |    |    |     |     |     |     |      |      |
| recog |     |    |     |     |    |    |     |     |     |     |      |      |
| nitio |     |    |     |     |    |    |     |     |     |     |      |      |
| n in  |     |    |     |     |    |    |     |     |     |     |      |      |
| retai |     |    |     |     |    |    |     |     |     |     |      |      |
| ned   |     |    |     |     |    |    |     |     |     |     |      |      |
| earni |     |    |     |     |    |    |     |     |     |     |      |      |
| ngs   |     |    |     |     |    |    |     |     |     |     |      |      |
--------------------------------------------------------------------------------
| Trans |     |    |     |     |    |    |     |     |     | 0.0 |      |  0.0 |
| fers  |     |    |     |     |    |    |     |     |     |     |      |      |
| betwe |     |    |     |     |    |    |     |     |     |     |      |      |
| en    |     |    |     |     |    |    |     |     |     |     |      |      |
| items |     |    |     |     |    |    |     |     |     |     |      |      |
--------------------------------------------------------------------------------
| Purch |     |    |     |     |    |    |     |     |     | 0.0 |      |  0.0 |
| ase   |     |    |     |     |    |    |     |     |     |     |      |      |
| of    |     |    |     |     |    |    |     |     |     |     |      |      |
| treas |     |    |     |     |    |    |     |     |     |     |      |      |
| ury   |     |    |     |     |    |    |     |     |     |     |      |      |
| share |     |    |     |     |    |    |     |     |     |     |      |      |
| s     |     |    |     |     |    |    |     |     |     |     |      |      |
--------------------------------------------------------------------------------
| Incre |     |    |     |     |    |    |     |     |     | 0.0 |      |  0.0 |
| ase   |     |    |     |     |    |    |     |     |     |     |      |      |
| in    |     |    |     |     |    |    |     |     |     |     |      |      |
| holdi |     |    |     |     |    |    |     |     |     |     |      |      |
| ngs   |     |    |     |     |    |    |     |     |     |     |      |      |
| in    |     |    |     |     |    |    |     |     |     |     |      |      |
| subsi |     |    |     |     |    |    |     |     |     |     |      |      |
| diari |     |    |     |     |    |    |     |     |     |     |      |      |
| es    |     |    |     |     |    |    |     |     |     |     |      |      |
--------------------------------------------------------------------------------
| Divid |     |    |     |     |    |    |     |     | -12 | -12 | -1.3 | -13. |
| end   |     |    |     |     |    |    |     |     |  .0 |  .0 |      |    3 |
| distr |     |    |     |     |    |    |     |     |     |     |      |      |
| ibuti |     |    |     |     |    |    |     |     |     |     |      |      |
| on    |     |    |     |     |    |    |     |     |     |     |      |      |
--------------------------------------------------------------------------------
| EQUIT | 66. | 74 | -12 | 143 | 0. | 13 | -6. | 0.0 | 107 | 386 |  9.4 | 396. |
| Y AT  |   8 | .1 |  .2 |  .5 |  0 | .0 |   1 |     |  .5 |  .6 |      |    1 |
| 30.6. |     |    |     |     |    |    |     |     |     |     |      |      |
| 2010  |     |    |     |     |    |    |     |     |     |     |      |      |
--------------------------------------------------------------------------------


--------------------------------------------------------------------------------
|       |  1. | 2. |  3. |  4. | 5. | 6. |  7. |  8. |  9. | 10. |  11. |  12. |
|       |     |    |     |     |  * |    |     |     |     |     |      |      |
--------------------------------------------------------------------------------
| EQUIT | 66. | 73 | -2. | 66. | 20 | 12 | -15 | 0.0 | 97. | 318 |  5.4 | 323. |
| Y AT  |   8 | .5 |   2 |   7 | .0 | .2 |  .8 |     |   0 |  .2 |      |    7 |
| 1.1.2 |     |    |     |     |    |    |     |     |     |     |      |      |
| 009   |     |    |     |     |    |    |     |     |     |     |      |      |
--------------------------------------------------------------------------------
| Incom |     | -0 | 0.3 |     |    | -0 | -2. |     | 6.8 | 4.3 |  1.3 |  5.6 |
| e and |     | .1 |     |     |    | .3 |   5 |     |     |     |      |      |
| expen |     |    |     |     |    |    |     |     |     |     |      |      |
| ses   |     |    |     |     |    |    |     |     |     |     |      |      |
| recog |     |    |     |     |    |    |     |     |     |     |      |      |
| nized |     |    |     |     |    |    |     |     |     |     |      |      |
| durin |     |    |     |     |    |    |     |     |     |     |      |      |
| g the |     |    |     |     |    |    |     |     |     |     |      |      |
| perio |     |    |     |     |    |    |     |     |     |     |      |      |
| d,    |     |    |     |     |    |    |     |     |     |     |      |      |
| total |     |    |     |     |    |    |     |     |     |     |      |      |
--------------------------------------------------------------------------------
| Share |     | 0. |     |     |    |    |     |     |     | 0.3 |      |  0.3 |
| -base |     |  3 |     |     |    |    |     |     |     |     |      |      |
| d     |     |    |     |     |    |    |     |     |     |     |      |      |
| compe |     |    |     |     |    |    |     |     |     |     |      |      |
| nsati |     |    |     |     |    |    |     |     |     |     |      |      |
| on    |     |    |     |     |    |    |     |     |     |     |      |      |
| expen |     |    |     |     |    |    |     |     |     |     |      |      |
| se    |     |    |     |     |    |    |     |     |     |     |      |      |
--------------------------------------------------------------------------------
| Other |     |    |     |     |    |    |     |     |     | 0.0 | -0.1 | -0.1 |
| chang |     |    |     |     |    |    |     |     |     |     |      |      |
| e     |     |    |     |     |    |    |     |     |     |     |      |      |
--------------------------------------------------------------------------------
| Direc |     |    |     |     |    |    |     |     | -1. | -1. |      | -1.2 |
| t     |     |    |     |     |    |    |     |     |   2 |   2 |      |      |
| recog |     |    |     |     |    |    |     |     |     |     |      |      |
| nitio |     |    |     |     |    |    |     |     |     |     |      |      |
| n in  |     |    |     |     |    |    |     |     |     |     |      |      |
| retai |     |    |     |     |    |    |     |     |     |     |      |      |
| ned   |     |    |     |     |    |    |     |     |     |     |      |      |
| earni |     |    |     |     |    |    |     |     |     |     |      |      |
| ngs** |     |    |     |     |    |    |     |     |     |     |      |      |
| )     |     |    |     |     |    |    |     |     |     |     |      |      |
--------------------------------------------------------------------------------
| Trans |     |    | 0.2 |     |    | 2. |     |     | -2. | 0.0 |      |  0.0 |
| fers  |     |    |     |     |    |  5 |     |     |   7 |     |      |      |
| betwe |     |    |     |     |    |    |     |     |     |     |      |      |
| en    |     |    |     |     |    |    |     |     |     |     |      |      |
| items |     |    |     |     |    |    |     |     |     |     |      |      |
--------------------------------------------------------------------------------
| Purch |     |    |     |     |    |    |     |     |     | 0.0 |      |  0.0 |
| ase   |     |    |     |     |    |    |     |     |     |     |      |      |
| of    |     |    |     |     |    |    |     |     |     |     |      |      |
| treas |     |    |     |     |    |    |     |     |     |     |      |      |
| ury   |     |    |     |     |    |    |     |     |     |     |      |      |
| share |     |    |     |     |    |    |     |     |     |     |      |      |
| s     |     |    |     |     |    |    |     |     |     |     |      |      |
--------------------------------------------------------------------------------
| Incre |     |    |     |     |    |    |     |     |     | 0.0 | -0.6 | -0.6 |
| ase   |     |    |     |     |    |    |     |     |     |     |      |      |
| in    |     |    |     |     |    |    |     |     |     |     |      |      |
| holdi |     |    |     |     |    |    |     |     |     |     |      |      |
| ngs   |     |    |     |     |    |    |     |     |     |     |      |      |
| in    |     |    |     |     |    |    |     |     |     |     |      |      |
| subsi |     |    |     |     |    |    |     |     |     |     |      |      |
| diari |     |    |     |     |    |    |     |     |     |     |      |      |
| es    |     |    |     |     |    |    |     |     |     |     |      |      |
--------------------------------------------------------------------------------
| Divid |     |    |     |     |    |    |     |     | -9. | -9. | -0.7 | -10. |
| end   |     |    |     |     |    |    |     |     |   4 |   4 |      |    2 |
| distr |     |    |     |     |    |    |     |     |     |     |      |      |
| ibuti |     |    |     |     |    |    |     |     |     |     |      |      |
| on    |     |    |     |     |    |    |     |     |     |     |      |      |
--------------------------------------------------------------------------------
| EQUIT | 66. | 73 | -1. | 66. | 20 | 14 | -18 | 0.0 | 90. | 312 |  5.3 | 317. |
| Y AT  |   8 | .8 |   7 |   7 | .0 | .4 |  .3 |     |   5 |  .3 |      |    6 |
| 30.6. |     |    |     |     |    |    |     |     |     |     |      |      |
| 2009  |     |    |     |     |    |    |     |     |     |     |      |      |
--------------------------------------------------------------------------------

COLUMNS: 1. Share capital, 2. Share premium reserve, 3. Revaluation reserve, 4. 
Reserve for invested unrestricted equity (RIUE), 5. Other equity item, 6. Other 
reserves, 7. Translation differences, 8. Treasury shares, 9. Retained earnings, 
10. Equity holders of the parent, 11. Minority interest, 12. Total              

*) Comprising a hybrid bond classified as equity                                
**) Comprising interest paid on hybrid bond                                     

In the interim reports for 2009, the company reported re-measurement of net     
investment hedges in the revaluation reserve. In the financial statements for   
2009, the manner of reporting has been changed and hedging is recognized as an  
adjustment to translation differences. The figures for the comparison year have 
been modified to correspond to the current practice.                            


CASH FLOW STATEMENT                                                             
(EUR million)                                                                   
--------------------------------------------------------------------------------
|                                  |   Q1-Q2/2010 |   Q1-Q2/2009 |        2009 |
--------------------------------------------------------------------------------
| Operating activities             |              |              |             |
--------------------------------------------------------------------------------
| EBIT                             |         13.6 |         22.5 |        55.1 |
--------------------------------------------------------------------------------
| Adjustments to EBIT              |         -0.6 |         -2.0 |        -0.4 |
--------------------------------------------------------------------------------
| Depreciation and amortization    |         29.1 |         27.2 |        57.2 |
--------------------------------------------------------------------------------
| Change in provisions             |         -5.8 |          2.6 |         7.6 |
--------------------------------------------------------------------------------
| Change in net working capital    |        -25.4 |         -8.7 |         2.5 |
--------------------------------------------------------------------------------
| Financial income                 |          3.5 |          3.1 |         5.2 |
--------------------------------------------------------------------------------
| Financial expenses               |         -9.7 |        -15.4 |       -24.9 |
--------------------------------------------------------------------------------
| Taxes                            |         -0.6 |         -2.2 |        -4.9 |
--------------------------------------------------------------------------------
| Net cash flow from operating     |          4.1 |         27.1 |        97.4 |
| activities                       |              |              |             |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Investing activities             |              |              |             |
--------------------------------------------------------------------------------
| Gross investments in property,   |        -35.7 |        -26.0 |       -43.7 |
| plant and equipment              |              |              |             |
--------------------------------------------------------------------------------
| Disposals of property, plant and |          2.3 |          1.5 |         2.9 |
| equipment                        |              |              |             |
--------------------------------------------------------------------------------
| Investments in subsidiary        |          0.0 |         -0.3 |        -4.7 |
--------------------------------------------------------------------------------
| Shares in associates purchased   |          0.0 |          0.0 |        -0.3 |
--------------------------------------------------------------------------------
| Loans granted                    |         -1.3 |          0.0 |        -0.0 |
--------------------------------------------------------------------------------
| Repayments of loans receivable   |          1.1 |          0.2 |         5.1 |
--------------------------------------------------------------------------------
| Net cash flow from investing     |        -33.6 |        -24.6 |       -40.8 |
| activities                       |              |              |             |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Cash flow before financing       |        -29.5 |          2.5 |        56.6 |
| activities                       |              |              |             |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Financing activities             |              |              |             |
--------------------------------------------------------------------------------
| Proceeds from share offering     |          0.0 |          0.0 |        76.8 |
--------------------------------------------------------------------------------
| Repayments of hybrid bond        |          0.0 |          0.0 |       -20.0 |
--------------------------------------------------------------------------------
| Current borrowings raised        |         93.8 |         32.5 |        46.6 |
--------------------------------------------------------------------------------
| Current borrowings repaid        |        -67.4 |        -44.9 |       -82.3 |
--------------------------------------------------------------------------------
| Non-current borrowings raised    |          9.5 |         28.7 |        74.7 |
--------------------------------------------------------------------------------
| Non-current borrowings repaid    |         -1.7 |        -41.6 |      -160.8 |
--------------------------------------------------------------------------------
| Interest on hybrid bond          |          0.0 |         -1.3 |        -2.1 |
--------------------------------------------------------------------------------
| Dividends paid                   |        -12.0 |         -9.4 |        -9.4 |
--------------------------------------------------------------------------------
| Purchase of treasury shares      |          0.0 |          0.0 |         0.0 |
--------------------------------------------------------------------------------
| Net cash flow from financing     |         22.1 |        -36.0 |       -76.5 |
| activities                       |              |              |             |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Change in cash and cash          |         -7.4 |        -33.5 |       -19.9 |
| equivalents                      |              |              |             |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Cash and cash equivalents at     |         75.9 |         94.4 |        94.4 |
| 1.1.                             |              |              |             |
--------------------------------------------------------------------------------
| Effect of changes in exchange    |          2.3 |         -1.0 |         1.4 |
| rates on cash and cash           |              |              |             |
| equivalents                      |              |              |             |
--------------------------------------------------------------------------------
| Cash and cash equivalents at     |         70.8 |         59.9 |        75.9 |
| 30.6.                            |              |              |             |
--------------------------------------------------------------------------------


FINANCIAL INDICATORS                                                            
Per-share data has been adjusted for the share offering in 2009.                

--------------------------------------------------------------------------------
|                                  |    30.6.2010 |    30.6.2009 |  31.12.2009 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| EPS, undiluted, EUR              |         0.13 |         0.15 |        0.64 |
--------------------------------------------------------------------------------
| EPS, diluted, EUR                |         0.13 |         0.15 |        0.64 |
--------------------------------------------------------------------------------
| Equity per share at 30 June, EUR |         7.16 |         7.00 |        7.21 |
| 1)                               |              |              |             |
--------------------------------------------------------------------------------
| Equity ratio, %                  |         35.2 |         29.8 |        37.1 |
--------------------------------------------------------------------------------
| Adjusted average                 |              |              |             |
--------------------------------------------------------------------------------
| number of shares, mill.          |         54.0 |         39.3 |        44.9 |
--------------------------------------------------------------------------------
| Gross capital expenditure        |              |              |             |
--------------------------------------------------------------------------------
| on property, plant and           |         36.9 |         24.5 |        41.3 |
| equipment, EUR million           |              |              |             |
--------------------------------------------------------------------------------
| Employees, end of month          |              |              |             |
--------------------------------------------------------------------------------
| average                          |        7 136 |        7 265 |       7 429 |
--------------------------------------------------------------------------------
1) Excluding minority's share of equity.                                        


NOTES TO THE GROUP'S INTERIM REPORT                                             

ACCOUNTING POLICIES                                                             
HKScan Corporation's interim report for 1 January - 30 June 2010 has been       
prepared in compliance with IAS 34 Interim Financial Reporting. The same        
accounting principles have been applied in the interim report as in the annual  
financial statements for 2009. These accounting principles are explained in the 
financial statements for 2009.                                                  

As of 1 January 2010, the Group has adopted the following new IFRS standards and
interpretations:                                                                

- Revised IAS 27. Consolidated and Separate Financial Statements (effective for 
annual periods beginning on or after 1 July 2009). The revised standard requires
the effects of changes in subsidiary ownership to be recognized directly in     
Group equity when the parent entity retains control. If control in the          
subsidiary is lost, any remaining investment is measured to fair value and any  
difference recognized in profit or loss. A corresponding accounting treatment   
will in future apply also to investments in associates (IAS 28) and interests in
joint ventures (IAS 31) As a result of the revision, the losses of a subsidiary 
can be allocated to the minority also when the losses exceed the minority's     
investment.                                                                     

The figures presented in the interim report are unaudited.                      


ANALYSIS BY SEGMENT (EUR million)                                               
Net sales and EBIT by main market area                                          

--------------------------------------------------------------------------------
|                      | Q2/2010 |  Q2/2009 | Q1-Q2/10 |  Q1-Q2/09 |      2009 |
--------------------------------------------------------------------------------
| NET SALES            |         |          |          |           |           |
--------------------------------------------------------------------------------
| -Finland             |   173.5 |    190.2 |    341.3 |     365.5 |     732.5 |
--------------------------------------------------------------------------------
| -Sweden              |   241.9 |    264.5 |    472.3 |     502.9 |   1 037.4 |
--------------------------------------------------------------------------------
| -Baltics             |    40.2 |     40.9 |     76.0 |      78.2 |     156.9 |
--------------------------------------------------------------------------------
| -Poland              |    66.0 |     60.9 |    129.9 |     117.3 |     251.7 |
--------------------------------------------------------------------------------
| -Between segments    |   -19.3 |    -15.0 |    -33.6 |     -30.3 |     -53.9 |
--------------------------------------------------------------------------------
| Group total          |   502.3 |    541.6 |    985.9 |   1 033.6 |   2 124.7 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| EBIT                 |         |          |          |           |           |
--------------------------------------------------------------------------------
| -Finland             |    -0.1 |      6.7 |     -0.7 |      12.9 |      27.0 |
--------------------------------------------------------------------------------
| -Sweden              |     3.1 |      3.0 |      5.7 |       5.1 |      16.7 |
--------------------------------------------------------------------------------
| -Baltics             |     3.3 |      3.5 |      4.3 |       4.5 |       9.8 |
--------------------------------------------------------------------------------
| -Poland              |     4.0 |      2.5 |      8.3 |       4.1 |       9.3 |
--------------------------------------------------------------------------------
| -Between segments    |     0.0 |      0.0 |      0.0 |       0.0 |       0.0 |
--------------------------------------------------------------------------------
| Segments total       |    10.3 |     15.7 |     17.6 |      26.6 |      62.8 |
--------------------------------------------------------------------------------
| -Group               | **)-2.1 |     -1.4 |  **)-4.0 |   *) -4.1 |    *)-7.7 |
| administration costs |         |          |          |           |           |
--------------------------------------------------------------------------------
| Group total          |     8.1 |     14.3 |     13.6 |      22.5 |      55.1 |
--------------------------------------------------------------------------------
*) Includes EUR 1.3 million in non-recurring severance pay relating to the      
termination of the former CEO's employment and recognized in Q1.                
**) Includes a non-recurring expense of EUR 0.9 million recognized in Q2 and    
arising from soil decontamination at the Turku plant sold in late 2006.         


NOTES TO THE BALANCE SHEET                                                      


1. CHANGES IN INTANGIBLE ASSETS                                                 
(EUR million)                                                                   
--------------------------------------------------------------------------------
|                                  |  Q1-Q2/2010 |   Q1-Q2/2009 |         2009 |
--------------------------------------------------------------------------------
| Carrying amount at beginning of  |        65.7 |         57.8 |         57.8 |
| period                           |             |              |              |
--------------------------------------------------------------------------------
| Translation differences          |         4.5 |          0.2 |          3.0 |
--------------------------------------------------------------------------------
| Increase                         |         0.3 |          0.5 |          2.8 |
--------------------------------------------------------------------------------
| Increase (acquisitions)          |         0.0 |          0.0 |          2.0 |
--------------------------------------------------------------------------------
| Decrease                         |        -0.2 |         -0.0 |          0.0 |
--------------------------------------------------------------------------------
| Depreciation and impairment      |        -1.6 |         -1.1 |         -2.7 |
--------------------------------------------------------------------------------
| Transfer to other balance sheet  |         0.4 |          3.4 |          2.8 |
| item                             |             |              |              |
--------------------------------------------------------------------------------
| Carrying amount at end of period |        69.2 |         60.7 |         65.7 |
--------------------------------------------------------------------------------


2. CHANGES IN GOODWILL                                                          
(EUR million)                                                                   
--------------------------------------------------------------------------------
|                                   |  Q1-Q2/2010 |  Q1-Q2/2009 |         2009 |
--------------------------------------------------------------------------------
| Carrying amount at beginning of   |        88.2 |        81.7 |         81.7 |
| period                            |             |             |              |
--------------------------------------------------------------------------------
| Translation differences           |         2.7 |         0.2 |          1.6 |
--------------------------------------------------------------------------------
| Increase                          |         0.0 |         1.8 |          1.9 |
--------------------------------------------------------------------------------
| Increase (acquisitions)           |         0.0 |         0.0 |          3.0 |
--------------------------------------------------------------------------------
| Decrease                          |         0.0 |         0.0 |          0.0 |
--------------------------------------------------------------------------------
| Depreciation and impairment       |         0.0 |         0.0 |          0.0 |
--------------------------------------------------------------------------------
| Transfer to other balance sheet   |         0.0 |         0.0 |          0.0 |
| item                              |             |             |              |
--------------------------------------------------------------------------------
| Carrying amount at end of period  |        90.9 |        83.7 |         88.2 |
--------------------------------------------------------------------------------


3. CHANGES IN PROPERTY, PLANT AND EQUIPMENT                                     
(EUR million)                                                                   
--------------------------------------------------------------------------------
|                                  |  Q1-Q2/2010 |   Q1-Q2/2009 |         2009 |
--------------------------------------------------------------------------------
| Carrying amount at beginning of  |       469.1 |        479.3 |        479.3 |
| period                           |             |              |              |
--------------------------------------------------------------------------------
| Translation differences          |         5.7 |         -3.9 |          6.6 |
--------------------------------------------------------------------------------
| Increase                         |        37.5 |         23.1 |         41.2 |
--------------------------------------------------------------------------------
| Increase (acquisitions)          |         0.6 |          0.0 |          3.8 |
--------------------------------------------------------------------------------
| Decrease                         |        -2.3 |         -1.5 |         -3.3 |
--------------------------------------------------------------------------------
| Depreciation and impairment      |       -27.9 |        -26.1 |        -55.8 |
--------------------------------------------------------------------------------
| Transfer to other balance sheet  |        -0.4 |         -3.4 |         -2.6 |
| item                             |             |              |              |
--------------------------------------------------------------------------------
| Carrying amount at end of period |       482.3 |        467.5 |        469.1 |
--------------------------------------------------------------------------------


4. INVENTORIES                                                                  
(EUR million)                                                                   
--------------------------------------------------------------------------------
|                                  |  Q1-Q2/2010 |   Q1-Q2/2009 |         2009 |
--------------------------------------------------------------------------------
| Materials and supplies           |        81.2 |         82.2 |         73.9 |
--------------------------------------------------------------------------------
| Unfinished products              |         8.7 |          7.5 |          7.1 |
--------------------------------------------------------------------------------
| Finished products                |        29.1 |         28.8 |         23.7 |
--------------------------------------------------------------------------------
| Goods                            |         0.2 |          0.1 |          0.0 |
--------------------------------------------------------------------------------
| Other inventories                |         3.9 |          4.2 |          4.1 |
--------------------------------------------------------------------------------
| Prepayments                      |         3.0 |          2.1 |          2.1 |
--------------------------------------------------------------------------------
| Live animals, IFRS 41            |         7.9 |          8.2 |          7.6 |
--------------------------------------------------------------------------------
| Total inventories                |       134.0 |        133.1 |        118.7 |
--------------------------------------------------------------------------------


5. NOTES TO SHAREHOLDERS' EQUITY                                                

--------------------------------------------------------------------------------
| Share capital | Number of |   Share |    Share |    RIUE | Treasury |   Tot. |
| and share     | outstandi | capital |  premium |         |   shares |        |
| premium       | ng shares |         |  reserve |         |          |        |
| reserve       |           |         |          |         |          |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| 1.1.2010      |    53 974 |    66.8 |     72.9 |   143.5 |      0.0 |  283.2 |
|               |       540 |         |          |         |          |        |
--------------------------------------------------------------------------------
| 30.6.2010     |    53 974 |    66.8 |     72.9 |   143.5 |      0.0 |  283.2 |
|               |       540 |         |          |         |          |        |
--------------------------------------------------------------------------------

RIUE = Reserve for invested unrestricted equity                                 


DERIVATIVE INSTRUMENT LIABILITIES                                               
(EUR million)                                                                   
--------------------------------------------------------------------------------
|                                     |  30.6.2010 |   30.6.2009 |  31.12.2009 |
--------------------------------------------------------------------------------
| Derivative instrument liabilities   |            |             |             |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Nominal values of derivative        |            |             |             |
| instruments                         |            |             |             |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Foreign exchange derivatives        |      98.8  |       110.8 |       104.6 |
--------------------------------------------------------------------------------
| Interest-rate derivatives           |      208.0 |       177.0 |       203.5 |
--------------------------------------------------------------------------------
| Electricity derivatives             |       10.3 |         8.6 |        10.8 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Fair values of derivative           |            |             |             |
| instruments                         |            |             |             |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Foreign exchange derivatives        |        0.0 |         0.1 |        -1.1 |
--------------------------------------------------------------------------------
| Interest-rate derivatives           |      -17.1 |       -13.4 |       -11.3 |
--------------------------------------------------------------------------------
| Electricity derivatives             |        0.0 |        -1.5 |        -0.6 |
--------------------------------------------------------------------------------



CONSOLIDATED OTHER CONTINGENT LIABILITIES                                       
(EUR million)                                                                   
--------------------------------------------------------------------------------
|                                     |  30.6.2010 |   30.6.2009 |  31.12.2009 |
--------------------------------------------------------------------------------
| Debts secured by                    |            |             |             |
--------------------------------------------------------------------------------
| pledges or mortgages                |            |             |             |
--------------------------------------------------------------------------------
| - loans from financial institutions |       37.4 |        37.2 |        33.9 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Given as security                   |            |             |             |
--------------------------------------------------------------------------------
| - real estate mortgages             |       50.4 |        47.3 |        55.5 |
--------------------------------------------------------------------------------
| - pledges                           |       31.4 |        23.2 |        30.4 |
--------------------------------------------------------------------------------
| - floating charges                  |       20.3 |        16.1 |        20.7 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| For associates                      |            |             |             |
--------------------------------------------------------------------------------
| - guarantees                        |        5.0 |         5.5 |         5.0 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| For others                          |            |             |             |
--------------------------------------------------------------------------------
| - guarantees and pledges            |       11.7 |        12.7 |        12.4 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Other contingencies                 |            |             |             |
--------------------------------------------------------------------------------
| Leasing commitments                 |       19.6 |        19.0 |        19.0 |
--------------------------------------------------------------------------------
| Rent liabilities                    |       41.2 |        39.1 |        40.6 |
--------------------------------------------------------------------------------
| Other commitments                   |        6.2 |         4.2 |         5.8 |
--------------------------------------------------------------------------------


BUSINESS TRANSACTIONS WITH RELATED PARTIES                                      

--------------------------------------------------------------------------------
|                                     | Q1-Q2/2010 |  Q1-Q2/2009 |        2009 |
--------------------------------------------------------------------------------
| Sales to associates                 |       18,0 |        15,2 |        34,9 |
--------------------------------------------------------------------------------
| Purchases from associates           |       17,6 |        18,3 |        35,2 |
--------------------------------------------------------------------------------
| Trade and other receivables         |        2,1 |         1,4 |         2,5 |
--------------------------------------------------------------------------------
| Trade and other payables            |        9,0 |         8,7 |         8,5 |
--------------------------------------------------------------------------------
| Severance pay to the CEO            |        0,0 |         1,3 |         1,3 |
--------------------------------------------------------------------------------


NON-RECURRING ITEMS                                                             
(EUR million)                                                                   
--------------------------------------------------------------------------------
|                                     | Q1-Q2/2010 | Q1-Q2/2009 |         2009 |
--------------------------------------------------------------------------------
| Employee benefits expenses          |          - |       -4.1 |        -10.8 |
--------------------------------------------------------------------------------
| Depreciation and impairment         |          - |        0.0 |         -1.9 |
--------------------------------------------------------------------------------
| Soil decontamination expense on     |       -0.9 |          - |            - |
| sold land                           |            |            |              |
--------------------------------------------------------------------------------
| Total non-recurring items           |       -0.9 |       -4.1 |        -12.7 |
--------------------------------------------------------------------------------

The figures presented in the interim report are unaudited.                      


Vantaa, 10 August 2010                                                          

HKScan Corporation                                                              
Board of Directors                                                              



Further information is available from CEO Matti Perkonoja. Please leave any     
messages for him to call with Marjukka Hujanen on +358 (0)10 570 6218.          

HKScan is one of the leading food companies in northern Europe with home markets
in Finland, Sweden, the Baltics and Poland. HKScan manufactures, sells and      
markets pork and beef, poultry products, processed meats and convenience foods  
under several well-known local brand names. Its customers are retail, the HoReCa
sector, industry and export customers. HKScan is active in nine countries and   
has some 10,000 employees. It had net sales of 2.1 billion euro in 2009.        


DISTRIBUTION:                                                                   
NASDAQ OMX Helsinki                                                             
Financial Supervisory Authority FIN-FSA                                         
Main media                                                                      
www.hkscan.com

Attachments