HKScan Corporation              Stock exchange release      20.12.2010, at 15.30

DECISION FROM DISTRICT COURT IN TRIAL RELATING TO SHARE PURCHASES MADE BY LSO OSUUSKUNTA IN 2006

According to the information received by HKScan Corporation, the decision of Helsinki District Court has been received today in the trial relating to share purchases made by LSO Osuuskunta in 2006. The District Court dismissed the prosecutor’s charge of aggravated abuse of insider information. According to the decision of the District Court, the members of the Board of Directors of LSO Osuuskunta at the time are guilty of negligent abuse of insider information, for which the District Court has imposed a fine. In addition, LSO Osuuskunta was ordered to pay corporate fine and to forfeit the estimated benefit it received.

The decision applies to the persons belonging to the Board of Directors of LSO Osuuskunta at the time as well as to LSO Osuuskunta. Of the above-mentioned persons, three – Markku Aalto, Tiina Varho-Lankinen and Matti Murto – are members of HKScan Corporation’s current Board of Directors. All three as well as LSO Osuuskunta have registered their intent to appeal the District Court’s judgement.

HKScan’s Board of Directors will convene on account of the matter on 4 January 2011 to decide on possible further measures. HKScan will provide information on the Board’s decision separately.

 

HKScan Corporation

Markku Suvanto
HKScan Group lawyer

 

Further information: HKScan Group lawyer Markku Suvanto. 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, Denmark, the Baltic countries 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 11,000 employees. It had net sales of EUR 2.1 billion in 2009.

 

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