HKScan Corporation                         Stock exchange release          29 June 2012, at 12:45


HKScan Group to streamline legal corporate structure in Finland

HKScan is to clarify and simplify its corporate structure in Finland in order to harmonize the Group’s operational policies and to streamline its internal administration.

HKScan Finland Oy and its wholly owned subsidiaries − Järvi-Suomen Portti Oy, the processed meats producer in Eastern Finland and Helanderin Teurastamo Oy, which has already earlier discontinued its business operations
will be merged into HK Ruokatalo Oy. HK Ruokatalo Oy will thus become HKScan Corporation’s 100-percent-owned subsidiary.

The mergers are of a legal nature and will have no impact on employees. The employees from the merging companies will transfer to HK Ruokatalo Oy without loss of holiday and similar entitlements.
This internal restructuring will not have any impact on the position of HKScan Corporation's shareholders or on the Group's external reporting.

The company has submitted the merger plan concerning the above described restructuring programme to the Trade Register on 29 June 2012. It is planned that the mergers will be completed by 31 December 2012.


HKScan Corporation

Hannu Kottonen
CEO


Further information can be obtained from Markku Suvanto, HKScan’s administrative and legal director, tel. +358 10 570 6128.


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 strong brand names. Its customers are retail, the HoReCa sector, industry and export customers. It had net sales of EUR 2.5 billion in 2011. HKScan is active in 10 countries and has some 11 400 employees.



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